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Emir Sanusi wants education of investors to boost capital market


The Emir of Kano, Alhaji Muhammadu Sanusi II, former Governor of Central Bank of Nigeria (CBN) has called on Securities and Exchange Commission (SEC) to educate potential investors especially women on financial services offered in the capital market and other financial institutions.
 
He said at the World Investors Week (WIW) Stakeholder Forum held in Kano that such education would protect prospective investors from exploitation and other people of dubious character.
 
The Emir was represented by the Dan Majen Kano and District Head of Gwale, Alhaji Yahaya Inuwa Abbas.
 
He said the appeal was also necessary in order to enable them understand the various investment opportunities and financial services offered in the capital market and other financial institutions.
 
The monarch said there was need for SEC and Association for the Advancement of the Rights of Nigerian Stakeholders (AARNS) to educate people on the illegal activities of some people who promised unsuspecting individuals abnormal returns on investments.
 
According to him, the commission can organise Investors Fair with a view to ensuring effective sensitisation of prospective investors on range of financial services in the capital market and other financial institutions.
 
“Once you are financially educated and know what investment is nobody can deceive you because in financial market there are instruments which will give you fixed returns,’’ he said.
 
In his remarks, the Head, Market Development Department of SEC, Mr Bello Abdul, said the forum was aimed at sensitising potential investors on the importance of non-interest and commodity products investments.
 
“This is the second time the forum is being organised as it was first held in Lagos.
 

“The decision to hold this programme in Kano is borne out of the fact that a lot of commodities are being produced in the state while majority of the people are Muslims,” he said.