June 4, 2019/NSE Monday June 3, 2019 the Federal High Court of Lagos under presiding Judge C M A Olatoregun granted Oando PLC’s (referred to as “Oando” or the “Group”) Group Chief Executive, Adewale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo, an injunction pending the hearing and determination of […]
Frauds & Scandals
SEC Seeks Emergency Relief to Halt Ponzi Scheme Run From College Fraternity House
June 4, 2019/US SEC The Securities and Exchange Commission today announced an emergency action charging a recent college graduate with orchestrating a Ponzi scheme that targeted college students and young investors. The SEC is seeking an asset freeze and other emergency relief. The SEC’s complaint alleges that Syed Arham Arbab, 22, conducted […]
Oando: SEC’s Big Move to Clean up the Capital Market
June 3, 2019/SEC It is no gain saying the fact that adopting and operating in accordance with high standards of corporate governance is essential for a company’s sustainable long-term growth, performance and value creation. Good governance practices would promote the development of the capital market, weak corporate governance practices would […]
