Due to the financial crisis the nation is facing, it gotten a toil on all sectors of the economy. The Security and Exchange Commission earlier issued a statement given directives to all portfolio manager within the industry across the nation in the used of a method called Mark - to - Market Valuation method in evaluating investment assets, portfolios and securities.
This directives is to provide consistency and also ensure portfolios reflects market values in order to protect customers. But unfortunately the principal of investments are also affect on the part of customers.
This has ensue an outrage among investors and customers. Some Customers of Data Bank and Ecobank are questioning the deduction being made from their accounts since they believe they were told that it was going to affect only their interest.
The Security and Exchange Commission has assured the angry customers that, things will improve to reflect their actual fund once the economic situation improve.
They also stated that, this is the time customers should invest more and avoid any panic liquidation of their accounts since that will greatly affect them.
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