Tag: SEC

SEC arraigns Man over identity theft, sales of 53, 592 units of Nigerian Breweries shares
November 1, 2017 No Responses

SEC arraigns Man over identity theft, sales of 53, 592 units of Nigerian Breweries shares

The Securities and Exchange Commission (SEC), on Tuesday, arraigned  Oyekun Akinsemoyin before the Ikeja magistrate court 1 on charges of conspiracy, forgery, fraud and impersonation contrary to sections 412, 380 and 368 of the Lagos state criminal code.   According to SEC, the  arrest and...
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SEC inaugurates capital market development fund
October 31, 2017 No Responses

SEC inaugurates capital market development fund

The Securities and Exchange Commission (SEC) on Monday inaugurated the Nigerian Capital Market Development Fund (NCMDF) in Abuja.   Speaking at the event, the Director General of SEC, Mr Mounir Gwarzo,  who is also the Chairman of NCMDF board, explained ...
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Oando: Shareholders seek accelerated forensic audit
October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos.  According to the shareholders, the investigation should be detailed and “without any fear or favour”.  Under t...
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SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing
October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com –           The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc.   To ensure the independence and transparency of the exercise, the Forensic Audit according ...
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Sec probes Oando, shares on technical suspension
October 18, 2017 No Responses

Sec probes Oando, shares on technical suspension

The crisis rocking Oando plc on Wednesday assumed a new dimension as the Secirities and Exchange Commission (SEC) directed the Nigerian Stock Exchange (NSE) to place the shares on technical suspension effective from October 20, 2017.   Under the arrangement,....
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Shareholders task SEC on Oando crisis
October 9, 2017 No Responses

Shareholders task SEC on Oando crisis

Based on the directive given to the Securities and Exchange Commission (SEC) by the House Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc, shareholders of the company have cautione...
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SEC bans Ogiemwonyi for life, suspends Omoragbon
September 20, 2017 No Responses

SEC bans Ogiemwonyi for life, suspends Omoragbon

 The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi for life from holding directorship positions in any public company in Nigeria fo...
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SEC to sanction firms, capital market operators over tax default
July 26, 2017 No Responses

SEC to sanction firms, capital market operators over tax default

 The Securities and Exchange Commission (SEC) has advised Capital Market Operators  (CMOs) and Public Limited Company (PLCs) to comply with the Voluntary Assets and Income   Declaration Scheme (VAIDS) or face penalty. According to a statement, SEC is enc...
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SEC: Investors to forfeit multiple subscription to public offers
June 29, 2017 No Responses

SEC: Investors to forfeit multiple subscription to public offers

Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. The Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) has approved the report of a market wide comm...
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SEC commends DMO, CBN, PENCOM on N100B Sukuk
June 22, 2017 No Responses

SEC commends DMO, CBN, PENCOM on N100B Sukuk

The Securities and Exchange Commission (SEC) has commended the Debt Management Office (DMO) onarrangements to issue the maiden N100.0 Billion Sukuk in the Nigerian Capital Market. In a statement by the SEC “This is a major milestone for Nigeria as it wi...
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SEC appoints interim Board for Ikeja Hotels
May 5, 2017 No Responses

SEC appoints interim Board for Ikeja Hotels

The Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc  The Commission said this proactive measure has become neces...
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SEC signs capital market studies MoU with NERDC
November 21, 2016 No Responses

SEC signs capital market studies MoU with NERDC

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Cou...
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Ministry to recover un-remitted N450B from CBN, SEC, NAFDAC, others
November 16, 2016 No Responses

Ministry to recover un-remitted N450B from CBN, SEC, NAFDAC, others

The Federal Ministry of Finance has raised a committee to recover unremitted operating surpluses of agencies of government, running into N450billion.   The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the oper...
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SEC explains waiver, 80 % compliance to Rules and Regulations
October 7, 2016 No Responses

SEC explains waiver, 80 % compliance to Rules and Regulations

Section 60(1) of the Investment and Securities Act, 2007 requires that “a public company whose securities are required to be registered under the Act shall file with the Commission on a periodic or annual basis its audited financial statements and...
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