First licence revocation under ISA 2025: SEC Nigeria pulls Kensington Agro's registration
| Jurisdiction | Nigeria (Africa) |
| Authority | Securities and Exchange Commission, Nigeria |
| Instrument | enforcement |
| Status | enforced |
| Event date | 2 Mar 2026 |
| Coverage date | 3 Mar 2026 |
| Sources | SEC Nigeria circular |
| Reference | cpm-2026-0017 |
SEC Nigeria revoked Kensington Agro Trading Limited's registration as a capital market operator with immediate effect, invoking Section 61(6) of the Investments and Securities Act 2025. It is the first publicised revocation under the new statute's authority. Grounds were not disclosed; commodity exchanges and investors were told to cease dealings. The significance is procedural: fourteen months after enactment, the Commission is using ISA 2025's teeth and not just its licensing forms. Operators registered under the pre-2025 framework should treat their compliance posture as due for audit.
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