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 […]
Frauds & Scandals
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 […]
AfDB debars Maxicare Company Nigeria for 36 months for collusive and fraudulent practices
Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria April 28, 2021/AfDB The African Development Bank Group (www.AfDB.org), on 28 April 2021, announces the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is […]
