In a bid to become a world class market, the Nigerian Stock Exchange (NSE) has launched X-Whistle, a secure, online portal through which suspicious information can be disclosed to the NSE to curtail fraud and ensure investors’ interests are protected.
According to Ms Tinu Awe, general manager, Legal and Regulation Division and head of Surveillance of NSE: “The portal will permit the person disclosing information i.e. whistle blower to perform a status check on the matters they have reported on XWhistle.”
The portal will lead to surveillance needed for market integrity, transparent and confidence for investors. The portal will help the exchange get information that will help it safeguard the interests of its investors and the whistleblowers would not be part of any investigations or affected in any way of they divulge information.
Investors are urged to provide useful information to the Exchange through its website such as violations that have occurred, presently occurring or yet to occur. The Exchange will then use the info to take appropriate action hence increasing investors’ confidence.
NSE recently joined the International Surveillance Group in a move to up its market security by leveraging the group’s global network.