Stanbic IBTC Holdings Plc has said it will continue to engage relevant regulatory bodies to ensure that investigation into its operations are completed soon. The bank said this in an emailed reaction to the suspension of its rights issue on Tuesday by the Securities and Exchange Commission as a result […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) on Tuesday said it has put on hold the N20.4 billion rights issue of lender Stanbic IBTC Holding Company Plc following investigations. “This is to inform the investing public (particularly the shareholders of Stanbic IBTC Holding Company Plc) that […]

September 7, 2015/Punch The Financial Reporting Council of Nigeria says it has commenced investigations into allegations of financial impropriety made in the financial statements of Stanbic IBTC Bank Plc. The Executive Secretary/Chief Executive Officer, FRCN, Mr. Jim Obazee, stated this shortly after a meeting with the Director-General, National Office for […]