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.