Freedom
of Information Act (FOIA)
Access to Information with the Securities and Exchange Commission, Nigeria
The Securities and Exchanges Commission, Nigeria, adheres to The Freedom of Information Act 2011, Laws of the Federation of Nigeria, which aims to make public records and information more freely available while protecting public interest and personal privacy. This legislation outlines various sections that detail rights of access, information disclosure by public institutions, the application process, timelines, fees, record maintenance, and other important provisions.
Right of Access
The Act grants every citizen the right to request access to records held by government agencies, promoting transparency and accountability. All government entities are required to disclose records upon receiving a written request, unless specific exemptions apply as defined in the Act.
Information Disclosure by Public Institutions
Public institutions, including government agencies, ministries, and extra-ministerial departments, have an obligation to maintain accurate records of their activities, operations, and business. They must also publish essential information about their organization, responsibilities, and decisions, making it widely accessible to the public through various means.
Application Process
To request access to a record or information under this Act, individuals can follow the procedures outlined in Section 1. If you require assistance due to illiteracy or disability, you may apply through a third party. An authorized official of a government or public institution will help reduce the application into writing and provide a copy.
Timelines and Denial
Public institutions are mandated to make requested information available within 7 days. If an application is denied, the institution must provide a written notice explaining the reasons for denial and the relevant section of the Act.
This document contains detailed information about your rights and the procedures for requesting and accessing information. We are committed to promoting transparency, and your access to this Act is a crucial step in achieving that goal.
Please note that the information provided here is based on the details provided, and it may be subject to further clarification or updates as per the specific regulations in Nigeria.