The presidency has made a proposal for an upfront deposit of N1.5billion for a brand new private jet, what will become the Presidential Air Fleet’s (PAF) 11th aircraft. This figure is contained in the details of the 2014 Appropriation Bill presented to the National Assembly by President Goodluck Jonathan through […]
Frauds & Scandals
Nigeria’s SEC Indicts Vicad Securities, 16 Others for Insider Dealings
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Monday said it has indicted Vicad Securities Limited and sixteen (16) others for insider dealings. According to SEC, Vicad Securities and the 16 other respondents were indicted for failure/refusal of the respondents to cross investor shares worth N18 million […]
SEC Indicts Sterling Registrars, Six Others Over Unlawful Allotment of Shares
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) Monday announced it has indicted Sterling Registrars Limited and six (6) other persons as Respondents for unlawful Allotment of Shares. payment of return monies to persons not entitled thereto and violations of the SEC Rules and Regulations (As Amended) […]
