SEC requests additional information on offer documents

Investors’ protection forms core of SEC’s new leadership, says Yuguda

The Security and Exchange Commission (SEC) has introduced a new requirement for inclusion in all prospectuses or offer documents issued to the general public. As the commission informed all stakeholders about the new development, it said is part of its efforts to ensure investor protection and promote transparency in the operations of the Nigerian capital market. The circular read: “With effect from the 18th day of June 2020, all prospectuses issued to the general public are required to include the Commission’s Contact Telephone Number and Email Address, to enable investors…

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Uduk has not resigned as Acting DG, SEC refutes media report

Mary Uduk, Yuguda, SEC, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has refuted the purported resignation of its acting Director General (DG), Ms Mary Uduk, from the commission. A statement issued on Sunday by Efe Ebelo, Head of Corporate Communications at SEC was quoted saying, “Its attention had been drawn to a publication in the media on Sunday, June 14, 2020, wherein the Acting Director General, Ms. Mary Uduk, is purported to have resigned from the Commission and a send forth party slated for Monday, June 15, 2020. “The Commission therefore wishes to inform the…

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