Kayode Tokede
The Securities and Exchange Commission (SEC) has assured investors that the interest of minority shareholders would be protected during all transactions in the capital market.
The Director General, SEC, Mr. Lamido Yuguda gave the assurance in Abuja yesterday while briefing journalists on the outcome of the first quarter Capital Market Committee meeting (CMC).
This follows the decision of Oando Plc to delist from the Nigerian Exchange Limited (NGX).
He noted that protecting the interests of both majority and minority shareholders was the primary responsibility of the Commission.
“Protection of investors is the central mandate of the Commission and when the Commission protects investors, we do not discriminate between minority and majority shareholders.
“When there is a case of delisting, the application for the delisting comes to the Commission and we go through it very carefully to ensure that the shares of the company being…
Source: Thisday Newspaper
