13/03/2026
BREAKING: Senate Reopens Review of BGL Crisis
The Senate Committee on Capital Market and Institutions has reopened discussions on the long-running crisis involving BGL Group during a session held at the National Assembly in Abuja.
The meeting, chaired by Senator Osita Izunaso, brought together the Director-General of the Securities and Exchange Commission (SEC) and representatives connected with the firm to review concerns raised by investors over funds tied to the company.
Lawmakers said the engagement was necessary to strengthen investor protection and improve regulatory oversight in Nigeria’s capital market. They emphasized that trust, transparency, and accountability remain key to maintaining confidence in the financial system.
The SEC Director-General briefed the committee on steps taken so far, while BGL representatives explained efforts being made to resolve outstanding issues.
The Senate committee reaffirmed its commitment to ensuring stronger safeguards for investors and preventing similar cases in the future.
More updates to follow.