Umar Idris Shuaibu - Kano The Financial Services Regulation Coordinating Committee (FSRCC) has advised members of the public to refrain from dealing with illegal financial operators (IFOs). The committee said this in an advisory posted on the Central Bank of Nigeria (CBN’s) website on Monday. FRSCC is an inter-agency body set up to deal with matters of common interest and concern to the various regulatory and supervisory authorities in the financial services industry. Member agencies include the CBN, Corporate Affairs Commission (CAC), federal ministry of finance, National Insurance Commission (NAICOM), National Pension Commission (PenCom), Nigeria Deposit Insurance Commission (NDIC), Securities and Exchange Commission (SEC), the Nigerian Stock Exchange, Abuja Securities and Commodity Exchange Plc and the Federal Inland Revenue Service (FIRS). According to the FRSCC, the rise in the activities of IFOs portends a grave risk to public confidence and the stability of the Niger...
 
Comments
Post a Comment