By Seun Ibiyemi
The Securities and Exchange Commission (SEC) has revoked the registration of Kensington Agro Trading Limited as a capital market operator with immediate effect.
The company, which operated as a Commodity Broker/Dealer and Collateral Manager, lost its licence following regulatory action taken by the Commission in line with its statutory powers.
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In a statement, the SEC said the revocation was effected pursuant to Section 61(6) of the Investments and Securities Act, 2025, as well as Rule 34(1) of the SEC Rules and Regulations 2013, as amended.
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The Commission consequently directed all Commodity Exchanges, investors, commodity traders, and other capital market stakeholders to immediately discontinue any capital market-related dealings with Kensington Agro Trading Limited.
The regulatory action underscores the SEC’s commitment to enforcing compliance within Nigeria’s capital market and safeguarding the integrity of the commodities trading ecosystem.