STAKEHOLDERS in the local capital market have been charged to be transparent and operate within the framework of the law.
Executive Chairman of
Lamorde, who spoke through the Commission's Deputy Director, Public Affairs Osita Nwajah, observed that the
"The stock market is literally the life of many ordinary Nigerians.
Other than the handful of employers and employees, who earn their daily living directly from the activities on the NSE, many Nigerians have their life's savings invested in what goes on inside this building and they need to be assured that they have put their lives in safe hands.
"It therefore behoves every stakeholder-investors, brokers, dealers, regulators - to play by the rules guiding the market," he said.
He appreciated the upward swing in the stock market, made possible by the new management of the NSE, led by
According to him, the development accounted for a Memorandum of Understanding (MoU) EFCC signed with the NSE in 2013.
The anti-graft agency boss cautioned the NSE to be vigilant and address any weakness in its operations that could be exploited by unscrupulous individuals and groups.
The joint EFCC-NSE Awareness Programme is a major component of the MoU between the two organizations.
Through it, the EFCC is "seeking to enhance the capacity of NSE members and other players on the market, to easily meet their obligations under the Money Laundering (Prohibition) Act, 2011 (as amended) and the
"Our relationship with the EFCC is excellent and we are proud of our MoU with it," she said.
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