By InvestAdvocate

Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Thursday announced the suspension of Maven Assets Management Limited, its Directors and sponsored Individuals from all capital market activities with effect from August 29, 2014.

SEC issued this announcement on its official website,  ‘’this is to notify the general public that Maven Assets Management Limited, its Directors and sponsored Individuals have been suspended by the Securities and Exchange Commission from all capital market activities with effect from August 29, 2014.’’ The Commission said.

According to SEC, the suspension is as a result of the operator’s failure to carry out its investors mandate to purchase 200,000 units of National Sport Lottery Plc during the company’s 2008 public offer for which it collected ?3,100,000.00.

“This information is to warn intending investors from engaging the aforementioned operator in any capital market transaction pending when the firm’s suspension is lifted by the Commission,’’ SEC said.