Queen Nwabueze
The Securities and Exchange Commission (SEC) has announced that its latest corporate social responsibility pendulum has tilted to the famed Ahmadu Bello University, Zaria.
Hinting the collaboration will further deepen the Nigerian capital market, the Director General, SEC, Lamido Yuguda stated this when the Vice Chancellor of ABU Prof Kabiru Bala led other top management of the university visited the Commission.
Join our WhatsApp ChannelYuguda ceased the opportunity to inform the public that the Commission was currently carrying out a number of initiatives that would appeal to the younger generation and attract them to the capital market.
With the current breakneck speed of the ICTs, the SEC DG also sounded the death knell of the sole dependency of the Commission on just paper works and other brick and mortar practices.
He said: “Today, people like things they can do on their phones/tablets and that is why we are embracing technology in the capital market. Fintechs are attracting young people to do investments with their phones meanwhile the market still relies on paper documentation.”
“This is really something of the past as we are committed to ensuring that our markets are technology driven. Technology is the way to go and it is the way to really engage people. Once the youths buy an idea, it goes far and wide,” he awakened.
Strengthening the commission’s latest techy living, Yuguda encouraged investors to come forward and activate their accounts for e-dividend, going forward.
He said: “So many investors have shares in the capital market and have abandoned them. People have not come forward to claim their dividends and this has led to huge unclaimed dividends and has increased the unclaimed dividends profile.”
In appreciation, Vice Chancellor of ABU Prof Kabiru Bala described the visit as part of the advancement of the university to keep in contact with their alumni as is done in most global universities.
Prof. Bala further implored alumni to collaborate with their alma mater to lend a helping hand as many universities are currently grappling with untold funding challenges.
“We know many institutions are grappling with issues of funding and these alumni can come in to assist. This will drastically reduce the incidences of industrial action by the staff” He said.
