*Nigeria’s Securities and Exchange Commission announces the suspension of Centurion Registrars Limited, along with the company’s Directors and sponsored individuals from the country’s Capital market operations over infractions

Isola Moses | 绿帽献妻

As part of broader efforts at sanitising Nigeria’s Capital market operations, the Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, along with the company’s Directors and sponsored individuals from.the bourse.

SEC announced the company’s suspension via a statement, titled: 鈥淎dditional Enforcement Measures on Erring Capital Market Operators鈥�.

The market regulatory Commission stated: 鈥淎ll clients of Centurion Registrars are advised to contact Africa Prudential Plc for guidance.鈥�

SEC equally disclosed it would publish the names of Capital Market operators that violate regulations in its 鈥淣ame and Shame鈥� journal.

The measure, said SEC, reflects a zero-tolerance policy for infractions in the Nigerian Capital market, the move which aligns with newly-revised enforcement strategies.

It also said: 鈥淭he publication will be in addition to the sanctions and penalties for the respective infractions prescribed in the ISA 2007 and the SEC rules and regulations.鈥�

It is noted the Securities and Exchange Commission recently revoked the registration of Mainland Trust Limited as a Capital market operator.

SEC had cited regulatory non-compliance and outstanding complaints against the company.