November 10, 2016/SEC The Commission is investigating complaints it received against the under listed Capital Market Operators (CMOs): Bytofel Securities and Trust Limited Jenkens Investment Limited Securities Solutions Limited Wizetrade Capital & Asset Management Limited. Elyon Assets Management Limited Consequently, the under listed Directors and Sponsored Individuals of the above […]
Frauds & Scandals
SEC APC to hear Rivers State Ministry of Finance & 32 Others Versus BGL Plc 30 Others
November 10, 2016/SEC In The Matter Of the Investment and Securities Act 2007: Before the Securities and Exchange Commission Administrative Proceedings Committee (SEC APC) APC/1/2015: rivers state ministry of finance & 32 others v. BGL Plc & 30 others In re: Violation of sec rules on separation of clients funds […]
CBN Alerts on Increased illegal Money Transfer Operators
November 9, 2016/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to the increasing patronage of illegal Money Transfer Operators by Nigerians in the Diaspora for the purpose of home remittances. These unscrupulous operators, who lure unsuspecting customers with ridiculous exchange rate, use Naira accounts opened […]
