Exclusive: 88-page Report of the Ad-Hoc Committee on Capital Markets
Category: Capital Market
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Friday, July 20, 2012 / NASS Resolution No (HR70/2012)
Kindly Download 88-Page Report Here
The El-Sudi led Ad-Hoc committee of the National Assembly set up to investigate the near collapse of the Nigerian Capital Market and make recommendations to it has submitted its report, herewith published.
Some of the recommendations have elicited reactions from the capital market community as regards completeness, coverage and context.
These recommendations contained therein were however tabled for discussion at the plenary session of the house yesterday, Thursday, July 19, 2012.
In adopting the 38 recommendations, the House, presided over by Speaker Aminu Tambuwal, stood consideration of four recommendations and instead mandated the Ad Hoc Committee to interface with the Chairman of the Committee on Banking and Currency, Hon. Jones Onyeriri, to iron out crucial grey areas before making recommendations.
The deferred recommendations bordered on the legality of the nationalised banks, the N620bn bailout of banks by CBN, and the acquisition of Intercontinental Bank by Access Bank Pc.
Kindly Download 88-Page Report Here
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Tags: El-Sudi, Ad-hoc Committee on Capital Markets, Recommendations, Ndi Okereke-Onyuike, Arunma Oteh, Sanusi Lamido Sanusi, Mustapha Chike-Obi, Oscar Onyeama, Council of the Exchange, Demutualisation, Nationalised Banks, Access-Intercontinental Bank Merger, Banking Reform, Market operators, Staff Secondment, Public Procurement, Project 50, Executive Commissioners, Board of the SEC, US SEC Report, Union Bank of Nigeria Plc, National Honours, Ministry of Finance, Supervising Ministry, Secretary to the Federal Government, Allegations of Bribe, Herman Hembe, N30m Approved by the Board of SEC, Donations and Partners, Investigation Report, National Assembly, Resolution No (HR70/2012),
