Economy
SEC, ICPC to Track Stolen Funds Invested in Capital Market
By Modupe Gbadeyanka
The Securities and Exchange Commission (SEC) has expressed its readiness to work closely with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in tackling corruption in the Nigerian capital market.
Acting Director-General of the apex capital market regulatory agency in the country, Ms Mary Uduk, during a visit to the ICPC at its headquarters in Abuja recently, said she was sure of the commission’s competence and capacity in helping SEC trace and recover stolen assets of hardworking Nigerians that had been invested in companies, no matter where they were stashed.
She and her management staff team therefore, sought the expertise of the anti-corruption agency in tackling corruption in the Nigerian capital market. According to her, ICPC has been breaking new grounds in its effort to rid public sector institutions of corruption.
“To develop and regulate a capital market that is dynamic; fair; transparent and efficient; and able to contribute to the nation’s economic development,” the SEC chief said, stressing that the need for collaboration with agencies such as ICPC was imperative.
Ms Uduk further sought the assistance of the commission in the area of manpower development, expressing her desire for ICPC to train her organisation’s staff in enforcement and issues of integrity and accountability.
She, on the other hand also pledged SEC’s readiness to offer training to ICPC operatives on capital market investment.
Responding, Chairman of ICPC Chairman, Professor Bolaji Owasanoye, noted that the capital market was very important to the growth of every economy, pointing out that a weakness in the integrity of the system would scare away investors.
He explained that apart from investigation and prosecution of corrupt persons, ICPC was also empowered to examine the practices, systems and procedures of public bodies, and where such aid or facilitate corruption, the Commission could instruct, or direct a review.
Prof Owasanoye assured the delegation of the Commission’s ability to trace, recover, and seize stolen assets.
Speaking on the presence of the Anti-Corruption and Transparency Unit (ACTU) in SEC, the ICPC Chairman enjoined the visitors to ensure the efficient and free operation of the unit.
According to him, a functional and effective ACTU was an asset to any management especially where people of integrity were at the helm of affairs.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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