Registrars, under the auspices of the Institute of Capital Market Registrars (ICMR), has stressed the need for proper identity management to boost investment in the nation’s capital market.
The president & chairman of Council of the Institute, Mr Oluseyi Owoturo, said this in a statement in Lagos.
Owoturo said, proper identification of existing investors was necessary to prevent identity theft and boost investor confidence in the capital market, saying, the issues on proper identification would take centre stage at the ICMR’s 2022 annual conference.
Owoturo disclosed that the conference would likely raise the issue of provision of national identification for all financial transactions. He added that, the need for further coordination between agencies in the capital market would be x-rayed at the annual conference.
Owoturo said the conference with the theme: ‘Sustainability of the Nigerian Capital Market as a Catalyst for Economic Growth and Prosperity’ would hold in Lagos on December 10, 2022.