ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, March 5, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
UPCREDIT was the most preferred stocks Tuesday with 755.008 million units of its shares traded. The index is up by 0.06 per cent.

Nigeria Stock Exchange trading floor

NSE investors’ fund gets new board chair after Onosode’s death

byOlisa Egbunike
January 5, 2016
2 min read
ADVERTISEMENT

The Board of Trustees of the Investors Protection Fund of the Nigerian Stock Exchange on Tuesday appointed Lawrence Anga as the chairperson of the board.

The appointment followed the death of the chairman, Gamaliel Onosode.

Mr. Anga, a partner at AELEX, a leading commercial and litigation law firm, joined the IPF Board of Trustees in September 2012.

He has a multi-disciplinary background in law, economics, management and fiscal policy and is qualified to practice law in Nigeria, England and Wales and in Ghana.

Mr. Anga was also a contributor to the chapter on Nigeria for the Harvard Securities Project and Chairman of the CBN SMIES policy guidelines review committee.

He was a former chairman of the Capital Market Solicitors Association and a member of various ad-hoc committees established by the Ministry of Finance and the Securities and Exchange Commission.

He was a past member of the Presidential Policy Advisory Committee, and served as a member of the sub-committee on finance and investment.

He appears as counsel before all superior courts of record in Nigeria and Ghana and has acted as a party appointed Arbitrator on several arbitration panels.

He is a Fellow of the Chartered Institute of Taxation.

RelatedNews

Blood on Uniforms (2): No justice for inmates killed by Nigerian prison officials

Army declares 12 officers, 89 soldiers wanted for deserting warfront (FULL LIST)

Nigerian Stocks retreat on profit-taking in Nestle, Zenith, WAPCO

VIDEO: Nigeria receives 3.94 million doses of COVID-19 vaccines

Mr. Anga, in accepting the new position, said he was honoured and excited about the possibilities that lie in future for the capital markets in Nigeria.

“Having crossed the hurdle of paying first set of claimants under the fund, we now have learning to rely on in the speedy but thorough examination of claims to compensate investors for pecuniary losses suffered by them as a result of wrong doing by certain dealing member firms of the exchange.

“The Board will continue to do its best to move the fund forward,” Mr. Angar said.

Dangote adbanner 728x90_2 (1)

Oscar Onyema, NSE Chief Executive Officer, appealed for excellent working relationship between the new chairperson and other IPF Trustees in the promotion of strong corporate governance while stepping up compensation of investors when the need arises.

“I am strongly convinced that having been part of the development of the IPF and its compensation framework, the chairperson will be able to provide quality leadership and steer towards the realisation of the fund’s objectives,” said Mr. Onyema.

The IPF is a statutory fund established by NSE pursuant to Section 197 of the Investment and Securities Act to compensate investors who suffer pecuniary loss arising from the revocation or cancellation of the registration of a dealing member firm by SEC.

The other areas covered by IPF include insolvency, bankruptcy or negligence of a dealing member firm of the exchange, defalcation committed by a dealing member firm or any of its directors, officers, employees or representatives in relation to securities, money or any property entrusted to, or received or deemed received by the dealing member firm in the course of its business as a dealing member firm.

Meanwhile, the IPF has paid about N24 million in settlements after the verification of 103 claims.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

PDP accuses EFCC of plotting to poison Metuh

Next Post

Jos film institute gets N600 million grant

Olisa Egbunike

Olisa Egbunike

More News

Nigeria Stock Exchange trading floor

NSE: Negative sentiment persists as stocks shed N82 billion

March 4, 2021
Dollar and Naira bills [Photo credit: NairaFX]

Naira strengthens on I&E window

March 4, 2021
Food items in a market

Global food prices rise for nine straight month in February — FAO

March 4, 2021
Dangote refinery

Major oil marketers oppose proposal to allow only Dangote Refinery, others import fuel

March 4, 2021
Federal Secretariat, Abuja

FG extends work from home directive for GL12 officers, below

March 4, 2021
Nigerian stocks Exchange

Nigerian stocks deepen loss on profit-taking in WAPCO, MTN, Zenith

March 3, 2021
Next Post
Jos film institute gets N600 million grant

Jos film institute gets N600 million grant

No plan to make Osun an Islamic state,  says Aregbesola

Alaafin names Governor Aregbesola the "Omoluabi of Yorubaland"

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,629,094 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.