December 29, 2020/US SEC On December 22, 2020, the Securities and Exchange Commission charged Jason Peltz of Long Island City, New York with insider trading ahead of a media report about the potential acquisition of chemical manufacturer Ferro Corp. that caused the company’s stock price to climb. Peltz also tipped […]
Frauds & Scandals
FHC Upholds Mareva Injunction in Access Bank Case, Bank to Hold Onto SEPLAT’s Assets
December 24, 2020/Proshare by Proshare Research In a judgement given today by Justice R.M. Aikawa of the Federal High Court (FHC) sitting in Lagos in the case between Access Bank Plc vs Seplat Petroleum Development Company and others, the FHC upheld an earlier Mareva injunction by allowing Access Bank to hold onto […]
CBN Announces Revocation of Operating Licenses of Seven Payment Services Providers
December 24, 2020/CBN The Central Bank of Nigeria (CBN) on Thursday announced the revocation of the operating licenses of Seven (7) Payment Services Providers. This was contained in an official gazette document published on the CBN website. The affected service providers were listed under schedule I of the gazette The […]
