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 […]
Tag: Fraud
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 […]
MTN and Stanbic IBTC mentioned In $8b Money Laundering Petition
Sunday, February 09, 2014 16.21 PM / TheWill / National Daily Newspaper …MTN used as conduit pipe to deplete Nigeria’s external reserves Telecoms giant MTN Nigeria has been accused of engaging in large scale money laundering which has helped in not only depleting Nigeria’s Foreign Exchange (Forex) reserves but also […]
