Frauds & Scandals

SEC Issues Official Disclaimer on Fake Website and Fictitious Recruitment Exercise

April 30, 2021/SEC Nigeria The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to several websites and blogs purportedly affiliated to the Commission which are said to be advertising on-going “recruitment exercise” by the Commission. The Commission wishes to inform the general public that the referenced […]

Update On Suspension Of The Annual General Meeting Of OANDO PLC

April 30, 2021/SEC Nigeria The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to publications in various media on the judgments against the Commission concerning its regulatory action on Oando Plc and several of its officers for severe breaches of capital market regulations, some of which […]

SEC Charges Eight Companies for Failure to Disclose Complete Information on Form NT

April 29, 2021/US SEC The Securities and Exchange Commission today charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. The violations were uncovered […]