The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its directors and sponsored individuals, from operating in Nigeria’s capital market.
The announcement was made in a statement titled “Additional Enforcement Measures on Erring Capital Market Operators.” The SEC advised Centurion Registrars’ clients to seek guidance from Africa Prudential Plc.
This move is part of the commission’s intensified efforts in 2025 to crack down on illegal activities within the capital market.
In addition, the SEC revealed plans to publish the names of capital market operators who violate market regulations in its newly introduced “Name and Shame” journal. The regulatory body emphasized that the initiative aligns with its zero-tolerance stance on market infractions.
“The publication will be in addition to the sanctions and penalties for the respective infractions prescribed in the ISA 2007 and the SEC rules and regulations,” the statement read.
This latest enforcement action follows the recent revocation of Mainland Trust Limited’s registration as a capital market operator due to regulatory non-compliance and unresolved complaints against the firm.
