By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) on Friday said it has invited the BGL Group which consists of BGL Securities Limited, BGL Assets Management Limited and their sponsored individuals to appear before the Administrative Proceedings Committee (APC). “This follows the receipt of ten (10) new […]
Frauds & Scandals
$2.1B Arms Scandal: Why We Won’t Spare Indicted Bureaux De Change
By Emmanuel Asiwe, huhuonline.com January 6, 2016 Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has declared that every Bureau De Change operator indicted in the $2.1 billion arms deal probe will be prosecuted. Currently, more revelations have continued to emerge with some of those indicted either […]
Stockbroker sentenced to 7 years imprisonment for unauthorized sale of shares
January 1, 2016/SEC The Securities and Exchange Commission (SEC) wishes to inform the investing public that Mr. Tajudeen Folaji, a former stockbroker with First Alstate Securities Limited, has been sentenced to seven years imprisonment by the Lagos State High Court presided over by Justice Kudirat Jose. The court found him […]
