This was stated by the Executive Commissioner Legal and Enforcement of SEC, Mr. Reginald Karawusa during a training on Internal Controls over Financial Reporting, an implementation of Section -60-63 of the Investment and Securities Act 2007, organised by the SEC in collaboration with the Nigeria Capital Market Institute which commenced in Lagos, Monday.
Karawusa stated that with the plethora of Ponzi schemes plaguing the nation, accurate financial statements are essential for the vitality of financial markets and by extension the economy.
