Tag: SEC

High level Fraud: Investors sue Starcomms, Chapel Hill, Stanbic IBTC

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Investors in the Starcomms Plc year 2008 Private Placement (PP) considered as one of the highest fraud ever committed in the Nigerian Capital Market (NCM) has sued Starcomms Plc, Issuers to the Offer before a Lagos High Court www.investadvocateng.com can authoritatively Report. Others sued over […]

Partner SEC to rebuild NSE, Bello urges brokers

The Acting Director-General of the Securities and Exchange Commission, Mr. Ibrahim Bello, has urged stockbrokers to ensure that they partner the commission in rebuilding the capital market. Bello gave this advice to the brokers during a  visit to the  Chartered Institute of Stockbrokers’  office in Lagos on Thursday. Although the […]

Private Placement: Starcomms Chairman detained by EFCC, Released

By InvestAdvocate Lagos (INVESTADVOCATE) – Maan Lababidi, the Chairman of Starcomms Plc was detained Tuesday by officials of the Economic & Financial Crime Commission (EFCC) in its Lagos office and was released earlier today, www.investadvocateng.com can authoritatively Report. The detention is coming on the heels of petitions by top Nigerian […]