Author: InvestAdvocate

Buyers Beware: Shareholders accuses CBN of aiding Union Bank’s MOA

  Peter OBIORA investadvocate Lagos (INVESTADVOCATE) – Shareholders under Sir Sunny Nwosu, the National Coordinator, Independent Shareholders Association of Nigeria (ISAN) has accused the Central Bank of Nigeria (CBN), its Governor, Sanusi Lamido Sanusi, and their hirelings with offers to acquire, takeover or buy into the assets and/or business of […]

CBN to sack bank CEOs for misreporting

By Ayodele Aminu Any bank or discount house chief that deliberately misreports its financial statements will be removed from office by the Central Bank of Nigeria (CBN). Also to lose his or her job is the compliance officer of any institution, whose primary duty is to ensure that the financial […]

SEC puts unclaimed dividend figure at N33.92bn

By IHEANYI NWACHUKWU …First Bank, Access, GTB, Intercontinental, Fidelity top list The Securities and Exchange Commission (SEC) has disclosed that at December 2010, the unclaimed dividend figure from quoted companies was N33.92 billion (N33, 929,435,751.27). SEC also says five companies – mainly banks – have the highest figures of unclaimed dividend. […]