The Securities and Exchange Commission says the redeployment exercise in the commission, was strategically done to strengthen the regulatory mechanism of the Commission.
In statement issued in Abuja, SEC said that the redeployment affected key divisions such as, Investigation, Enforcement, Investor Education and Financial Literacy, which saw many staff members posted to the Commission’s Learning and Career Development Division for continuous training.
According to the statement. redeployment and transfer of staff of the Securities and Exchange Commission (SEC) Nigeria, especially at the beginning of a new year is a usual occurrence and part of its strategies at strengthening the apex regulatory body of the Nigerian Capital Market.
It added that the exercise was not aimed at punishing or victimizing any staff due to his or her loyalty to some individuals as being insinuated in some quarters; instead it is for the overall interest of the market .
The role that SEC Nigeria plays in the nation’s economy is very critical and such changes should be expected
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