The Securities and Ex- change Commission (SEC) on Tuesday set up an Anti-Corruption and Transparency monitoring Unit (ACTU) with which it intends to enhance integrity and transparency in the Nigerian capital market.
The SEC is collaborating with the Independent Corrupt Practices and other related offences Commission (ICPC) on the ACTU project which several government ministries, departments and agencies (MDAs) have also taken up to help drive accountability in the system.
Mounir H. Gwarzo, acting director general, SEC, said having a unit dedicated solely to monitor anti-corruption and transparency is quite critical for SEC, which as an apex regulator of the Nigerian capital market, demands the highest levels of transparency from entities it regulates.
According to him, integrity and transparency are two attributes this unit is set up to enhance and they are equally important qualities of the kind of capital market being envisioned for Nigeria.
No comments:
Post a Comment