By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday alerted dealing member firms on its strict prohibition of naked short selling, responsibilities and limitation of liability of the Exchange. This is contained in a circular dated February 12, 2015 with reference number NSE/LARD/BDR/CIR4/15/02/12 and signed by Olufemi […]
Frauds & Scandals
Ecobank Confident of Appeals on Thierry Tanoh’s $26 Million Court Judgments
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Friday it’s confident about the robustness and merits of the appeals on judgments which awarded over US$26 million to Thierry Tanoh, it former chief executive officer (CEO) by Ivoirian and Togolese courts. The pan-African lender in a […]
SEC, NAICOM to Penalize Insurance Firms on Funds Misappropriation
Feb 12, 2014/SEC The Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM) will collaborate for better enforcement against insurance companies who misappropriate funds raised from the capital market. This disclosure was made by the Acting Director General of SEC, Mr. Mounir Gwarzo, who hosted the Management of […]