Nine Banks Raised N1.7tn In Recapitalization Drive, Says SEC

The Director General, Securities and Exchange Commission, SEC, Dr Emomotimi Agama has disclosed that so far, about N1.682tn has been raised by banks through e-offering in the bank recapitalization exercise.

The Commission in a statement on Wednesday said Dr Agama made this disclosure on the sidelines of the recently held Chartered Institute of Stockbrokers Conference held in Ibadan, Oyo State.