Frauds & Scandals

AMCON Disowns Media Stories On Grant Properties Limited

December 5, 2017/AMCON The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to some sponsored and inaccurate stories on some online publications regarding a pending debt-related issue between one Mr. Olajide Awosedo, the Chairman of Grant Properties Limited and Asset Management Corporation of Nigeria (AMCON).   We […]

SEC Insist on Forensic Investigation of Oando

December 5, 2017/SEC The Securities and Exchange Commission has reiterated its decision to conduct a Forensic Exercise into the activities of Oando Plc.  This commitment is contained in a letter dated December 5, 2017 addressed to Oando Plc. The Commission wishes to assure the general public of its zero tolerance to infractions in the […]

Mounir Gwarzo SEC DG, Two Others Suspended for Financial Impropriety

Mounir Gwarzo, Suspended Director General of Nigeria’s Securities and Exchange Commission (SEC) By InvestAdvocate Lagos (INVESTADVOCATE)-Mounir Gwarzo, the director general (DG) of the Securities and Exchange Commission, (SEC) was on Wednesday suspended from office by Kemi Adeosun, minister of finance for alleged financial impropriety levelled against him. A statement by […]