By PETER EGWUATU, MICHAEL EBOH & NKIRUKA NNOROM

Association of Stockbroking Houses of Nigeria, ASHON, weekend, disclosed that about N400 billion margin loan crisis and the controversy surrounding the issue of stockbroking firms’ huge indebtedness to banks had been resolved.

ASHON added that the forbearance package would be made known to the capital market community before the end of this week.

Speaking at a workshop for capital market correspondents in Badagry, Lagos, Mr. Emeka Madubuike, Chairman, ASHON, said discussions with the relevant stakeholders had reached an advanced stage and that a resolution had been reached, which would be announced before this weekends.

Madubuike, who is also the Chief Executive Officer, Compass Securities Limited, in his paper entitled, Role of Stockbrokers in a Recovering Market, further disclosed that operators have decided to shun certain parts of the Northern region, following the high rate of insecurity in the region.

He said ASHON was set to undertake an investors’ education campaign that will see it sensitise investors on how to go about investing in the capital market and how to help them safeguard their investment, adding that it would exclude investors in volatile parts of the country.

According to him, ASHON has resolved to undertake an investors’ education programme across the length and breadth of the country.

However, volatile areas will be excluded until there is an improvement in the security situation in those areas.