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Nigerian Stock Exchange and Economic and Financial Crimes Commission Collaborating to Fight Corruption



The Nigerian Stock Exchange in October 4, 2013 signed a Memorandum of Understanding with the  tEconomic and Financial Crimes Commissiono tackle market infractions and abuse. This partnership had successfully opened direct lines of communication and information sharing with the Economic and Financial Crimes Commission for reporting and investigations of incidents leading to a more proactive law enforcement and swift recovery of stolen securities.

To further protect investors, the Nigerian Stock Exchange had set up the Investors Protectors Fund to compensate claimants for pecuniary losses suffered by them as a result of wrong doing by certain dealing member firms of the Exchange. The establishment of the Investors Protectors Fund is pursuant to Section 197 of the Investment and Securities Act 2007.
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