Security and Exchange Commission
Supreme Court affirms N22. 45b wonder bank funds in CBN belongs to investors
The Supreme Court of Nigeria has affirmed that Investors in Nospetco Oil & Gas Ltd (Wonder Bank) whose N22. 45b funds are being trapped in the Central Bank of Nigeria
Court declares suspension of Oando’s AGM unconstitutional
Justice O. A Musa of High Court, Federal Capital Territory (FCT), has declared as unconstitutional the suspension of the Annual General Meeting of Oando Plc by Security and Exchange Commission (SEC) since 2019.
Court halts sacking of Tinubu, Boyo as Oando directors
A federal High Court, Lagos has restrained the Security and Exchange Commission (SEC) from taking any step concerning its imposition of a fine of N91,125,000.00 on the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu, and barring him and his deputy, Mr. Omamofe Boyo, from being directors of public companies for a period of five years.
Reps give SEC 7 days to correct employment irregularities
House of Representatives Committee on Federal Character has given the Security and Exchange Commission (SEC) one week to correct employment irregularities in the commission.
N700 billion trapped in private placement scams
Investors in Nigeria’s capital market say N700 billion have been trapped in private placements by firms. They urged industry regulators to wade into the perceived scam.