November 7, 2018/US SEC The Securities and Exchange Commission today announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of […]
Frauds & Scandals
Governance Issues Around The 48th AGM of NEM Insurance Plc – Investigation and Outcomes
Culled–Proshare 6/11/2018/By Proshare News & Investigations The latest decision by the Securities & Exchange Commission (SEC) on the issues relating to NEM Insurance Plc’s (NEM) 48th Annual General Meeting (AGM) held on Wednesday, 20 June 2018, at the Premier Hotel, Ibadan, Oyo State (Re: SEC Invalidates NEM Insurance Plc’s 48th […]
SEC Invalidates NEM Insurance Plc’s 48th AGM and Resolutions; Orders Firm to Reconvene Proper AGM
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 […]
