Frauds & Scandals

SEC Suspends Woodland Capital Market for Unauthorised Sale of Investor Shares

By InvestAdvocate Lagos (INVESTADVOCATE)-“The Securities & Exchange Commission (SEC) on Tuesday March 10, 2015 suspended Woodland Capital Market Plc together with its Directors and Sponsored Individuals in connection with the unauthorized sale of 3,750 units of PZ Plc shares belonging to an investor and its refusal to comply with the […]

SEC Places Intl Standards Securities on Indefinite Suspension

By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities & Exchange Commission on Tuesday March 10, 2015 suspended International Standards Securities Ltd, its Directors and Sponsored Individuals from all capital market activities, the commission said ina notice on its official website. According to SEC, the company is being suspended for its non-compliance with SEC […]

Missing $20bn issue not adequately addressed – Sanusi

Former Governor of the Central Bank of Nigeria and   the current Emir of Kano, Lamido Sanusi, says the issues surrounding the missing $20bn oil money have not been adequately addressed by the Federal Government. Sanusi, who is now known as Emir Muhammadu Sanusi II, had last year raised the alarm […]