A Federal High Court sitting in Lagos on Thursday strucked out a case filed by Oando Plc against the Securities and Exchange Commission (SEC), seeking to stop the apex regulatory authority of the capital market from conducting a forensic audit on the company and also lift a technical suspension placed on its shares. The presiding […]
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The lingering crisis currently plaguing major petroleum marketing company, Oando Plc is far from over as a group of shareholders of the company on Wednesday called on the embattled company’s management team led by its Group Chief Executive, Wale Tinubu to resign. The group, Trusted Shareholders’ Association of Nigeria (TSAN), led by its President, Alhaji […]
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The apex regulatory authority of the capital market, the Securities and Exchange Commission (SEC) on Monday November 13, 2017, expressed worry over the low level of investors’ enrolment in the ongoing e-dividend policy saying it is not a cheery news to the commission. Director General of the commission Mounir Gwarzo disclosed this to financial journalists […]
Read More The Securities and Exchange Commission (SEC) on Wednesday, said the Commission was partnering with other regulatory bodies to get rid of fraudulent investment outfits in the Nigerian capital market to boost investors’ confidence. Mr Mounir Gwarzo, Director General of SEC, stated this at the 2017 World Savings Day and Financial Literacy Week held in Lagos. […]
Read More To uphold the integrity of the Nigerian capital market, stakeholders yesterday called for a thorough investigation into the raging financial allegations against the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo. Those who spoke to Daily Sun on the likely impact of the allegation on the business community, urged the Federal […]
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The Securities and Exchange Commission (SEC) said it would begin capital market curriculum in primary and secondary schools in September 2018. Mr Mounir Gwarzo, the Director-General of SEC, disclosed this at the World Savings Day celebration on Tuesday in Abuja. The theme of the event is “Promoting Awareness on the Importance of Saving”. The event […]
Read More The Director General of the Security and Exchange Commission (SEC), Mr Mounir Gwarzo, has been described as a purposeful leader who had brought positive changes to the commission. Mr James Ume of the Communication department of SEC told our correspondent in an interview in Abuja that the DG had brought purposeful leadership that transformed the […]
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The Securities and Exchange Commission (SEC) has been commended on the establishment of the Nigerian Capital Market Development Fund (NCMDF) Speaking at the inauguration of the NCMDF board, a former Chairman of SEC and former DG, Dr. Suleyman Ndanusa, commended the Commission on its efforts at discharging its primary mandate of regulating and developing the […]
Read More Anxious shareholders of Oando Plc yesterday called for urgent commencement of forensic audit of the embattled oil company to save investors from more losses. The shareholders on the platform of Nigeria Shareholders Solidarity Association (NSSA), said the investigation should be detailed and done “without any fear or favour”. They also called on the auditors to […]
Read More Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Haliru Gwarzo, has been alleged by SaharaReporters, an online newspaper, to have perpetrated a variety of fraudulent activities since his appointment by former President Goodluck Jonathan for a first term of five years on May 22, 2015. According to the medium, this was prior to […]
Read More Oando plc yesterday restrained Securities and Exchange Commission (SEC) from suspending trading in its shares at the Nigerian Stock Exchange (NSE). In a statement, Oando said that the NSE and SEC were served with a court order on October 24, 2017 and they are legally obliged to comply with the interim orders pending the substantive […]
Read More The Nigeria’s capital market apex regulator, Securities and Exchange Commission, has said that there were misstatements in Oando Plc’s audited financial statements for the 2013 and 2014 financial year arising from Oando Exploration and Production Limited transaction. This revelation was contained in a letter addressed to the Group Chief Executive Officer of Oando, Adewale Tinubu, […]
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