Approximately three days after it was revealed that Nigeria’s Securities and Exchange Commission (SEC) has not published its annual reports and accounts for eight consecutive years, the Commission said it has submitted these financials to only the ‘relevant agencies’, saying they are statutorily empowered by the Federal Government to receive same.
The SEC however admitted in a press statement on Friday that dissemination of factual information is critical to complementing the efforts of the Federal Government for the growth and development of the capital market and Nigeria’s economy.
