The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its directors and sponsored individuals, from participating in all capital market activities with immediate effect.
The announcement was made on Friday, March 14, 2025.
The suspension by SEC follows Centurion Registrars’ failure to comply with regulatory directives and unresolved complaints against the firm.
As a result, SEC has advised all clients of the company to contact Africa Prudential Plc for guidance on transferring their portfolios to another registrar of their choice.
In addition, SEC has instructed all capital market trade associations—including the Nigerian Exchange Group (NGX), the Institute of Capital Market Registrars (ICMR), the Chartered Institute of Stockbrokers (CIS), and the Central Securities Clearing System (CSCS)—to cease all dealings with Centurion Registrars and its principal officers.
Centurion Registrars, a share registration firm, provides services such as public fund-raising facilitation, investor representation, and dividend disbursement.
According to SEC, the suspension is in accordance with its authority under Section 38(4) and (5) of the Investments and Securities Act, 2007, and Rule 34(1)(e) of the SEC Consolidated Rules and Regulations, 2013.
