In the last one month, the Securities and Exchange Commission has received over 1,500 complaints from shareholders of quoted companies, investigations have revealed. Our correspondent gathered on Sunday that the complaints bothered on bank charges, non-payment of dividends by some quoted companies even after declaring profits, and delays in getting […]
Frauds & Scandals
Update: We Stopped Selling Forex To BDCs Because Some CBN Directors Owned Them – Buhari
February 5, 2016/The Will President Muhammadu Buhari has disclosed why his government stopped the sale of foreign exchange to Bureau De Change, BDC, operators, noting that the decision was in response to acts of sabotage perpetrated by some directors of the Central Bank of Nigeria, CBN. Buhari, who revealed this […]
220 firms owe AMCON N1.14 trillion
February 5, 2016/Vanguard By Babajide Komolafe Asset Management Corporation of Nigeria (AMCON) yesterday said that Seawolf Nigeria Limited, and 219 other companies are indebted to it to the tune of N1.14 trillion. This was contained in a list of debtors released yesterday by the Corporation for publication in major newspapers. […]
