Business
MR Demola Aladekomo, founder, Chams Plc, has called on capital market operators to work with the Nigeria Inter-Bank Settlement System (NIBSS) and Nigeria Communication Commission (NCC) to tackle identity challenges within the Nigerian capital market.
Aladeyemo, also the Executive Chairman of SmartCity Plc, said this at the 11th Annual Conference of the Institute of Capital Market Registrars (ICMR), in Lagos, says a statement on Tuesday.
The theme of the conference was, “Sustainability of the Nigerian Stock Market as a Catalyst for Economic Growth and Prosperity.”
Aladekomo, who spoke on “Tackling the Identity Management Issues in the Nigerian Capital Market,” said identity issues should be the least of their worries.
“Identity seems to be the least of our worries. BVN and NIN already solved Identity based issues. Let us work with NIBSS and NIMC,” he said.
He also said Chams had been directly involved in most of the successful national identity projects in Nigeria.
According to him, some of these are: the Bank Verification Number (BVN), Chamscity Guinness World Record, NCC SIM registration, and INEC’s voters registration.
The News Agency of Nigeria (NAN) reports that Chams is the first ICT Company to be quoted on the Nigerian Exchange Ltd. (NGX).
On the capital market identity issues, Aladekomo noted that public confidence needed to be restored in the capital market.
He suggested that operators should fully implement the use of BVN and NIN, create more awareness for stakeholders, explore and try to attract more investments from pension funds.
The chairman advised that operators should intensify efforts on foreign investments into the market as well as creation of more exciting products and services by the NGX.
Aladekomo said regulators should ensure speed, firmness, and improve co-operation with stakeholders, positively invest and manage Nigeria’s image, and its reputation against fraud, scams, among others. (NAN)
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Tags: Chams Plc Demola Aladekomo NIBSS
