Tuesday, December 6Inside Business Africa

SEC expands operations to enhance stakeholders’ education

The Managing Director, Ismaila Ville, while speaking after the successful accreditation of the Institute in Abuja, said the NCMI is the educational and training arm of the markets regulator, the SEC.

Ville, who said the accreditation would be beneficial to the Institute and to the capital market community at large, also said it had previously been identified by the Chartered Institute for Securities & Investment  (CISI), as an accredited training (ATP) provider of global certification to operators in Nigeria.

He said the vision of the SEC management is for the NCMI to become a world-class training institute, adding that it is in furtherance of this vision that the Commission entered into partnership with the CISI (UK), to ensure professionalism in the market.

He said: “As you all know, the SEC has a dual mandate to regulate and develop the Nigerian capital market. In furtherance of its developmental mandate, the Nigerian Capital Market Institute (NCMI) was established in 2004, to promote human capacity development and bridge the knowledge gap in the financial services sector with particular reference to the capital markets.”

Ville expressed excitement at the accreditation, which is happening after 16 years of its existence, and hoped the NCMI will continue to be a catalyst for capital market growth in Africa.

“As you may be aware the NCMI has been in operation since 2004, so it is a great achievement for us today to be accredited as an Institute.

“Some of the benefits of this accreditation are: it now allows a smooth relation with other institutions who offer certification programmes; it allows the Institute to run certification programmes and continuous professional education/units; there can be membership of the Institute, and it grants the Institute more credibility that engenders more public/capital market confidence,” he stated.

Source: Guardian

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