Investments and Securities Act, 1999 🇳🇬

Nigeria Repealed: 2007-06-25 10 Citing Cases

Repeal Notice

This legislation was repealed on 2007-06-25 by Investments and Securities Act, 2007

Investments and Securities Act, 1999

Commenced on 26 May 1999
[This is the version of this document at 26 May 1999.]

[Repealed on 25 June 2007 by Investments and Securities Act, 2007 (Act 29 of 2007)]

An Act to regulate investment and securities business in Nigeria and to provide for matters connected therewith.

Part I – Establishment of the Securities and Exchange Commission

1. Establishment of the Securities and Exchange Commission

(1)There is hereby established a body to be known as the Securities and Exchange Commission (in this Act referred to as "the Commission").

(2)The Commission−

(a)shall be a body corporate with perpetual succession and a common seal;

(b)may sue and be sued in its corporate name; and

(c)may acquire, hold or dispose of any property, movable or immovable, for the purpose of carrying out any of its functions under this Act.

(3)The headquarters of the Commission shall be situated in the Federal Capital Territory, Abuja, and the Commission may, with the approval of the Minis…

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