NSE Launches Whistle-Blowing Portal


NSE building

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.

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