This comes as the Director General of the commission, Dr Emomotimi Agama, restated SEC’s commitment to ensuring transparency and efficiency in the recapitalisation process.
Agama noted that the framework for banking sector recapitalisation (2024 –2026) provides clear guidance for issuers while also safeguarding the interests of investors.
He pointed out that the key to bridging the gap between issuers and investors is harnessing innovation for inclusive growth.
Given this, he pointed out that the SEC, through the aid of a digital platform, is exploring the integration of blockchain technology for secure and transparent transaction processing, a step that will redefine trust in the market.
Agama noted that the oversubscription of most recapitalisation offers in 2024 reflects strong investor confidence.
To sustain this momentum, he pointed out, the SEC has intensified efforts to enhance disclosure standards and corporate governance practices.
According to him, expanding financial literacy campaigns and collaborating with fintech companies to provide low-entry investment options will democratise access to the capital market.
He assured stakeholders of the commission’s steadfastness in achieving its mission of creating an enabling environment for seamless and transparent capital formation.
“Our efforts are anchored on; providing issuers with clear guidelines and maintaining open lines of communication with all market stakeholders, reducing bureaucratic bottlenecks through digitalisation, ensuring timely review and approval of applications, and enhancing regulatory oversight to protect investors while promoting market integrity.”
Agama listed the constraints to the exercise to include addressing market volatility, systemic risks, limited retail participation as well as combating scepticism among investors who demand greater transparency and accountability.
“We are equally presented with opportunities which include Leveraging technology to deepen financial inclusion and enhance market liquidity, as well as developing innovative financial products, such as green bonds and sukuk, to attract diverse investor segments.
He maintained that the success of recapitalisation efforts depends on collaboration among regulators, issuers, and investors.
He assured that the SEC would continue to strengthen its dual role of market regulation and investor protection to boost confidence in the market.
