SEC to publish names of erring operators, suspends centurion registrars limited

The Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, along with its directors and sponsored individuals, from participating in the Nigerian capital market.

The suspension was disclosed in a statement titled “Additional Enforcement Measures on Erring Capital Market Operators,” issued by the commission.

The SEC stated, “All clients of Centurion Registrars are advised to contact Africa Prudential Plc for guidanc

This action is part of the commission’s broader efforts in 2025 to crack down on capital market operators it deems illegal.

In a related update, the commission also said it will publish the names of Capital Market Operators who violate market regulations in its “Name and Shame” journal.

The SEC said the decision reflects a zero-tolerance policy for infractions in the capital market and aligns with newly revised enforcement strategies.

According to the notice, “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 Securities and Exchange Commission (SEC) recently revoked the registration of Mainland Trust Limited as a capital market operator, citing regulatory non-compliance and outstanding complaints against the company.