Legal Protection Of Business Investors In Nigerian Stock Exchange
Keywords:
Investors, shareholders, legal protection, Nigerian law, businessAbstract
This review x-rayed the fundamental areas where investors are protected under some Nigerian laws. However, the rationale behind investors' protection is two fold. Firstly, to protect investors from fraud and secondly to ensure that the security markets work efficiently without suffering from fraud. The study therefore periscoped the legal framework for investors protection, fiduciary duty of directors and the surrounding provisions which enjoins a director to observe utmostgood faith, best interest of the company, interest of the employees, powers for proper purpose, duty not to abdicate power and much more. Conclusively, it was recommended among others that investors' protection should be provided under the Nigerian laws supported with proper enlightenment campaign so as to avoid fraud and high interest investment companies from exploiting them.
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