NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has reaffirmed its commitment to investor protection and market integrity, facilitating recoveries exceeding N500 million following the resolution of investor complaints involving some market operators.
In a recent case, the self-regulatory organisation secured the restitution of N326.85 million to an investor over an unauthorised share transaction.
The matter, reported in 2025, was resolved within a defined timeframe, underscoring a structured and disciplined approach to dispute resolution.
The recovery forms part of NGX RegCo’s broader strategy to address legacy issues in the market, including unauthorised trades, reconciliation of disputed proceeds, and resolution of account-related discrepancies. These interventions highlight a firm emphasis on accountability and equitable outcomes for investors.
The resolutions have been supported by ongoing enhancements in market oversight, including strengthened surveillance systems, improved posttrade controls, and settlement reforms.
The continued rollout of direct cash settlement mechanisms has also helped reduce the incidence of unauthorised transactions, further reinforcing market integrity.
Feedback from affected investors has been largely positive, with many commending the professionalism, transparency, and diligence demonstrated throughout the resolution process. Several noted that beyond addressing outstanding concerns, the outcomes have strengthened their confidence in the fairness and credibility of the market.
Commenting on the development, NGX RegCo CEO, Olufemi Shobanjo, said the recoveries reflect a deliberate strategy to deepen market trust. “These outcomes reflect our intentional approach to strengthening market integrity and investor protection.
Beyond the recoveries, they demonstrate the effectiveness of our oversight framework and our commitment to ensuring that all market participants operate within a fair, transparent, and equitable system.
As we continue to enhance our regulatory processes, our focus remains on sustaining confidence and supporting the long-term growth of Nigeria’s capital market,” he stated.
Culled from New Telegraph