Assets custodians assure investors of market efficiency via CCI

The Association of Assets Custodians of Nigeria has assured investors that the Certificate of Capital Importation (CCI) process, which the association had been working on in collaboration with the Central Bank of Nigeria (CBN) and the Financial Markets Dealers Association Nigeria (FMDA), would enhance the efficiency of the market.
Speaking at the second annual general membership meeting of the Association of Assets Custodians of Nigeria, Kemi Adewole, the new president of the association, said assets custodians were trying to transplant best global practices in Nigeria to make the environment more automated and more efficient, thereby bridging the gap between investors and regulators.
She said that for the past three years, the association always held an annual conference in the UK, and had been very successful because they find out that when foreign portfolio investors were constantly in touch with market operators, they were able to understand the market better and get more comfortable with it.
While shedding light on the activities of the association during the past years, Adewole noted that the association started at the right point in time for Nigeria, and had continued to be an ambassador of Nigeria, adding that Nigeria received fair share of publicity and sometimes a lot of that publicity was negative, but as an Association of Assets Custodians, they had ensured that at the international community, they give them the right information about Nigeria.
According to her, “we make ourselves available for foreign portfolio investors to clarify what ever issues they may have in investing in the country. Over the years, we have worked very closely with the registrars, stock brokers and exchange commissions, the Nigerian Stock Exchange, the central bank, the CSCS.