158 Investors to be compensated with N42.2million by NSE

 Investors who lose money as a result of wrong doing by certain stockbroking firms licensed  by the Nigerian Stock Exchange(NSE )will be compensated as the  Board of Trustees of  Investors Protection Fund, IPF, of the exchange has approved N42.227 million.

   The 158 recipient due to be compensated are investors whose claims were verified by the exchange, approved by the Board of Trustees of the IPF, and whose identities were verified by an identity verification consultant engaged by the IPF.

The claimants were declared to be eligible to receive the compensation in accordance with the relevant provisions of the Investment and Securities Act 2007 (ISA) and the Investors’ Protection Fund Rules (the Rules).