The Emir of Kano, Alhaji Muhammadu Sanusi II, has harped on the importance of education to the country’s potential investors.
Sanusi called on Securities and Exchange Commission (SEC) to educate potential investors especially women on financial services offered in the capital market and other financial institutions.
According to him, it would protect prospective investors from exploitation and other people of dubious character.
The Emir made the call during the World Investors Week (WIW) Stakeholder Forum held in Kano on Tuesday.
[penci_blockquote style=”style-2″ align=”none” author=””]“Once you are financially educated and know what investment is nobody can deceive you because in financial market there are instruments which will give you fixed returns,’’ Sanusi noted.[/penci_blockquote]
The Emir who was represented by the Dan Majen Kano and District Head of Gwale, Alhaji Yahaya Inuwa Abbas, said the appeal was necessary to enable them understand the various investment opportunities in the country.
The former governor of the Central Bank of Nigeria (CBN) said there was need for SEC and Association for the Advancement of the Rights of Nigerian Stakeholders (AARNS) to educate people on the illegal activities of some people who promised unsuspecting individuals abnormal returns on investments.
He urged the commission to organise Investors Fair with a view to ensuring effective sensitisation of prospective investors on range of financial services in the capital market and other financial institutions.
“Once you are financially educated and know what investment is nobody can deceive you because in financial market there are instruments which will give you fixed returns,’’ Sanusi noted.
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The Head, Market Development Department of SEC, Mr Bello Abdul, in his remark, said the forum was aimed at sensitising potential investors on the importance of non-interest and commodity products investments.
“This is the second time the forum is being organised as it was first held in Lagos.
“The decision to hold this programme in Kano is borne out of the fact that a lot of commodities are being produced in the state where majority of the people are Muslims,” he said.