Culled—Proshare 6/11/2018/Proshare Research The Securities and Exchange Commission (SEC) has ordered NEM Insurance Plc (NEM) to reconvene the 48th Annual General Meeting of the company held in Ibadan on June 20, 2018. This directive followed a thorough investigation by the commission due to complaints received from the aggrieved shareholders of […]
Frauds & Scandals
SEC Charges Businessman and Lawyer in Fraudulent Eb-5 Scheme
6/11/2018/US SEC The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to fund personal expenses. The SEC’s complaint alleges that Robert A. Ferrante and attorney Marilyn R. Thomassen participated in a fraudulent […]
GNI Refutes House of Reps Sub-Committee on Capital Market’s Statement
November 6, 2018/NSE It has come to the notice of the Board of Directors and Management of Great Nigeria Insurance Plc (‘GNI Plc.”) that the House of Representatives Sub-Committee on Capital Market (“The Committee”) issued a statement on Monday November 5, 2018, threatening to authorize the Securities and Exchange Commission […]
