ASCSN condemns plot to reinstate suspended DG of SEC
The Association of Senior Civil Servants of Nigeria (ASCSN) has condemned calls for the reinstatement of suspended Director General of Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo.
Shareholders reap return on investment as Oando shares rise by 38%
Oando’s decision to fully co-operate with the Securities & Exchange Commission (SEC) to ensure a smooth and speedy conclusion of the investigation into the company as well as its efforts...
Civil servants flay FG over plan to reinstate SEC Director-General, Mounir Gwarzo
The Association of Senior Civil Servants of Nigeria (ASCSN) has rejected plan by the Federal Government to reinstate the Director-General, Security and Exchange Commission (SEC), Mounir Gwarzo. Gwarzo was suspended from office over allegations of financial misappropriation after a properly constituted administrative panel set up by the Finance Minister, Kemi Adeosun, found him culpable of…
Finance minister explains timing of Gwarzo’s suspension
The integrity of the nation’s capital market was the major consideration for the timing of the suspension of Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo. Gwarzo, who was queried by the Ministry of Finance on November 3, 2017 responded on November 7, 2017, even as his response was unsatisfactory. There was…
Government suspends SEC boss, others over alleged impropriety
The Ministry of Finance yesterday suspended the director-general of the Securities and Exchange Commission (SEC), Mounir Gwarzo, over alleged...
SEC urges shareholders to key into capital market initiatives
The Securities and Exchange Commission (SEC) has enjoined all shareholders to take advantage of the initiatives introduced in the capital market aimed primarily at strengthening the market and accelerating economic development.
Investors worried about N10 million fraud allegations against SEC
Stock market investors have expressed concern over the alleged N104million fraud levelled against the Director General (DG), Securities and Exchange Commission (SEC), Mounir Gwarzo, saying that such crisis would definitely have a multiplier effect on market.
Regulatory lapses threaten efforts to restore investors' confidence
Regulators' poor handling of infractions and enforcement of discipline among operators has been blamed for the recent scandal involving over N10billion, through the diversion and misappropriation of funds by Partnership Securities Limited (PSL), and its subsidiary companies – Partnership Investment Company Plc; Life Care Partners Limited; and SBDC Microfinance Bank Limited. Investors also believe that…
Equities’ investors seek review of penalties on listed firms
SEC Director-General, Mounir Gwarzo, said that the World Investor Week (WIW) was a week set aside for educating investors on their rights.