FCCPC, SEC Sign MoU On Regulatory Collaboration – TheNigerialawyer

The Securities and Exchange Commission (SEC) and the Federal
Competition and Consumer Protection Commission (FCCPCC) have agreed
to continue to work together in a bid to simplify the processes of
company mergers in Nigeria.

The SEC acting Director General, Ms. Mary Uduk, made the
disclosure during the signing of a memorandum of understanding
between the SEC and FCCPCC in Abuja weekend.

A statement issued by the commission’s spokesperson, Efe Ebelo,
quoted Uduk as expressing the need for both organisations to work
together to ensure that there is no vacuum in a bid to ensuring
that the collaboration would lead to a more stronger economy for
the country.

“We are happy with the work the FCCPCC has done so far and on
our part as the SEC, we are willing to provide you with any
relevant assistance you would need to hit the ground running and
improve our nation’s economy,” she said.

She disclosed that the commission presently has capacity in the
area of mergers and would be willing to share knowledge with the
new organisation.

In his remarks, the Director General of FCCPCC, Mr. Babatunde
Irukera, commended the DG for the leadership the SEC has provided
and for the friendship and collaboration that has helped to bring
both organisations this far.

He said: “We would like to commend the way you have approached
your work, especially the merger review. I think it has become
exemplary to everyone and the rest of the country and both
internationally and domestically, and your mode of leadership made
it possible.

“The work between the two organisations has created a master
stroke and without your leadership it would not have been
possible.

“Not only has that helped this new institution to begin to get
its bearing correctly, it has also helped the investment community
to see that the real possibilities are available in Nigeria.”

Again, DSS Issues Alert on Plans to Undermine National
Security

The Department of State Services (DSS) wishes to reiterate its
earlier alert to the nation of plans by subversive groups and
individuals to undermine national security, peace and unity in the
country.

These elements are determined to exploit political differences
and other occurrences, within and outside the country, to
destabilize the nation.

They also initiate narratives to deepen their subversive
objectives so as to achieve preferred illegal outcomes. The aim is
to set the country on fire as well as inflame passions across
ethnic and religious divides with expected violent
consequences.

Also, the Service expresses dismay over the increasing use of
fake news and unsubstantiated information spread across social
media platforms to deceive and incite sections of the populace to
civil unrest.

While condemning the unpatriotic and misguided activities of
these anti-social elements, the Service equally warns them to
desist forthwith from their unholy acts as the full weight of the
law will be brought against them.

In the same vein, citizens are enjoined to remain law abiding,
peaceful and report any suspicions likely to inhibit public safety
to appropriate authorities. On its part, the Service will remain
committed in its pursuit of national stability in line with its
statutory mandate of protecting the country against crimes and
threats to its internal security.

Peter Afunanya, Ph.D
Public Relations Officer,
Department of State Services,
National Headquarters,
Abuja