Vice President Yemi Osinbajo said in Kano State on Saturday that the 36 states of the federation owe commercial banks N685bn. He said the situation made the Federal Government to assist the states with the bailout fund since the development had hindered them from meeting most of their obligations. Osibanjo […]
Frauds & Scandals
BGL Obtains Ex Parte Halting Appearance on SEC’s APC on August 4th
By InvestAdvocate Lagos (INVESTADVOCATE)-BGL Group and 12 orders has obtained an ex parte order halting their appearance before the Securities & Exchange Commission’s (SEC’s) Administrative Proceedings Committee scheduled for Tuesday and Wednesday August 4 and 5, 2015 respectively. “The Commission’s attention has however been drawn to an ex parte order obtained by […]
Infractions: BGL Group to face SEC committee
The Securities and Exchange Commission has said that BGL Group Plc, its subsidiaries and sponsored individuals will appear before the commission’s Administrative Proceedings Committee on August 4 and 5 in relation to investor complaints against the group. This was contained in a notice published on the SEC website on Thursday. […]
