29/9/2016/Reuters LAGOS (Reuters) – Nigeria’s minister for industry, trade and investment dismissed accusations on Thursday that he was involved in an alleged illegal transfer of $13.92 billion by South African telecoms giant MTN. A parliamentary motion named Okechukwu Enelamah earlier this week, saying MTN had used him and others to […]
Frauds & Scandals
SEC Bans Two Registered Operators for Life
By InvestAdvocate Lagos (INVESTADVOCATE)-28/9/2016-The Securities and Exchange Commission (SEC) in the exercise of its powers under Section 13 of the ISA, 2007 investigated complaints against WT Securities Ltd. and its Directors (Mr. Taofik Lawal and Mrs. Iyabode Lawal) and found them culpable of mismanaging the stocks of Mrs. Opral Mason […]
SEC says UBS to pay $15 million over sales practices
September 28, 2016/Reuters By Jonathan Stempel and Elizabeth Dilts UBS Group AG (UBSG.S) has agreed to pay more than $15 million to settle U.S. Securities and Exchange Commission charges that its failure to properly train brokers led to customers buying hundreds of millions of dollars of unsuitable securities. The SEC […]
