The Acting Director-General, Securities and Exchange Commission (SEC), Ms Mary Uduk has reiterated the commitment of the present management of the commission to improve investors confidence in the market.

Uduk said this in a statement by the Acting Head of Corporate Communication, SEC, Mrs Efe Ebelo, on Wednesday in Abuja.

Uduk said this when she was honoured by the West African Studens Union Parliament (WASUP) for Exemplary Leadership in Abuja.

“As the head of the apex regulatory body of the Nigerian capital market, I, along with my team will continue with implementation of policies that will deepen the market and boost the Nigerian economy.

“The Master Plan will continue to be our working document and we shall continue to implement initiatives that will promote investors’ confidence.

“Such initiatives include the e-Dividend registration, Direct Cash Settlement, Dematerialisation, Complaint Management Framework, Financial Literacy and Investors’ Protection Fund, among others.

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“I therefore enjoin investors, who are yet to register for e-dividend and those that have not yet regularised their multiple accounts to do so.

“Forbearance window for shareholders with multiple accounts has now been extended to September 2018.

Uduk said there had been acknowledgements from registrars of investors that had started coming but there were faced with some challenges.

“We are working to address those challenges and that is why we encourage all affected investors to come forward and take advantage of the window before the new deadline.’’
Earlier, the representative of the Chairman of the Union, Kobehi Kossa, commended the director-general on her efforts so far in restoring investors’ confidence in the market thereby leading to economic growth.

Kossa said the aim of the union was to promote the welfare of African students.

He said the union served as a school for the training of political cadres and leaders that would raise the political and national consciousness of the West African people.

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He urged the director-general to use her good office and position to assist the union to realise its dream in sensitising the public.

He said it would enable the union engage the youth in activities that would not only contribute to the development of the economy but also empower them.

According to Kossa, the WASUP Exemplary Leadership Award is an honor for the contributions of individuals as ‘Icon of Nation Building and Development’ in Nigeria.

He said Uduk’s recognition however was for her outstanding strides in championing effective service delivery, immense contributions to nation building, administrative prudence, societal development and staff welfare.

“She is being honoured for herself and dedicated services to civil service profession and her contributions to the Nigerian capital market,” he said.

The West African Students Union (WASU) was founded in 1925 in London. Membership was initially restricted to students from British territories in West Africa.

However, from 1928 onwards, under the influence of Pan-African ideology, all students of African origin could join, although students from West Africa, especially Nigeria, dominated WASU and its activities.

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The founding members of WASU saw themselves as ‘conservatives’, and they resolved to pursue their objectives through peaceful, legal and constitutional means.