Securities and Exchange Commission (SEC) specifically proposed 15 years imprisonment for anyone convicted and payment of 500 per cent of the amount involved, among others as stipulated in Section 27(a) of the Investment and Securities Act, 2017.
Members of Parliament and experts in the Nigerian financial sector on Thursday expressed support for stiffer penalties for operators involved in misappropriation and diversion of funds in the capital market. Securities and Exchange Commission (SEC) specifically proposed 15 years imprisonment for any
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