The acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk has disclosed that the Nigerian Capital Market Institute (NCMI) is to operate from three centres in Nigeria in a bid to providing excellent capital market education to stakeholders which will help deepen the Nigerian Capital Market.
A statement by the commission on Sunday said Uduk made the disclosure during a meeting with the accreditation team from the Centre for Management and Development (CMD).
The NCMI is the educational and training arm of the Nigerian capital market regulator, the SEC.
Represented by Acting Managing Director of the Institute, Mr. Ismaila Ville, Uduk said the accreditation will be beneficial to the Institute and to the capital market community at large, saying that the Institute had previously been identified by Chartered Institute for Securities & Investment, CISI to be an accredited training (ATP) provider that will provide global certification to capital market operators within Nigeria.
She said the vision of the SEC management is for the NCMI to become a world-class training institute and the first amongst its peers adding that It is in furtherance of this vision that the Commission sought accreditation from CMD to ensure professionalism in the market.
She said: “As you all know, the Securities and Exchange Commission (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”.
The SEC boss expressed excitement at the accreditation which is happening after 16 years of the existence of the institute 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”, she added.