Michael Eboh27 March 2009
The Securities and Exchange Commission (SEC) has announced its decision to partner with accountants and other professional body in the country in its drive towards repositioning and restructuring its operations.
According to a statement by the commission, its repositioning became necessary following the recent crisis rocking the capital and in order to brace it up for the enormous challenges ahead.
The Director-General of the commission, Musa Al-Faki, who was recently conferred with the award of a Fellow by the Association of National Accountants of Nigeria (ANAN), in Jos, Plateau State, was quoted as saying, "To position SEC for the task ahead as the capital market regains itself, accountants of repute, analysts and lawyers will be needed, to work alongside other professionals within and outside the Commission."
He called on accountants and other professionals in the financial sector to embrace integrity, making it their watchword as they go about their assignments in their respective organizations, or as external auditors, contracted to audit a company"s records.
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He disclosed that it becomes very imperative, especially at the point in time, to ensure the entrenchment of International Financial Reporting Standards, which have been accepted globally, to ensure that the current global financial meltdown is halted and reversed as soon as possible.
He expressed satisfaction at the fact that Nigeria has so many talented individuals, whose resourcefulness can be tapped into to restore the nation's economy.
Al Faki noted that the fellowship awarded him is a call to duty, as such recognition is meant to ginger recipients not to rest on their oars, but to become more committed to taking on greater challenges in the future.
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