The Nigerian Stock Exchange (NSE) yesterday launched a whistle-blowing portal (NSE X-Whistle) that will enable operators, investors and other stakeholders, disclose information aimed checking market infractions and protecting investors.
Speaking at the launch of the initiative in Lagos, General Manager Legal & Regulation Division, Ms.Tinu Awe, said it is part of the five pillars of the NSE management meant to transform the exchange into a world class market.
According to her, the X-Whistle is a secure, online portal through which information can be disclosed to the exchange, adding that a whistle blower may not necessarily be directly or personally affected by the matter being reported.
“The portal will permit the whistle-blower to perform a status check on the matters they have reported on X-Whistle. The whistle blower rarely has a personal interest in the outcome of any investigation into violations disclosed. As a result, the whistle blower is not expected to prove his or her case, rather he or she raises the concern so others can address it,” Awe said.
