LAGOS – The Nigerian Exchange (NGX) Group on Wednesday honoured the Inspector-General of Police (IGP), Mr Kayode Egbetokun, at its closing gong ceremony in Lagos, as part of efforts to strengthen collaboration in the fight against financial crimes and boost investor confidence.
The Chairman of NGX Group, Dr Umaru Kwairanga, said closer cooperation between law enforcement agencies and market regulators had become critical to safeguarding Nigeria’s financial system.
He noted that while the capital market plays a central role in mobilising long-term capital for economic development, the rising incidence of fraudulent investment schemes and other financial crimes posed serious threats to market stability.
“A credible market thrives on trust, and trust is built on accountability, transparency and the assurance that wrongdoing will not go unchecked,” Kwairanga said.
According to him, coordinated action, intelligence sharing and strong institutional partnerships were required to tackle financial crimes effectively.
Kwairanga added that the deepening cooperation between the Nigeria Police Force and the Securities and Exchange Commission (SEC) was already strengthening enforcement and improving responses to capital market-related offences.
He commended Egbetokun for his leadership and support for initiatives aimed at protecting investors and preserving the integrity of the financial ecosystem, while reaffirming NGX Group’s commitment to building a transparent, resilient and inclusive capital market.
Earlier, Egbetokun described the closing gong ceremony as a beacon for investor prosperity, expressing hope that its sound would resonate in boardrooms across the world and among Nigerians participating in the market.
He thanked the NGX Group for the honour, describing it as a new beginning in the partnership between the Nigeria Police Force and the Exchange.
