The Securities and Exchange Commission in a brazen show of high handedness and a total disregard for the Nigerian justice system which they are sworn to uphold, has disregarded the directives of the Federal High Court, Lagos to suspend the implementation of sanctions against Oando PLC.
UN Secretary-General António Guterres on Tuesday assured the President-elect of the 74th UN General Assembly, Amb. Tijani Mohammad-Bande, of his support to actualise his vision.
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
The Lagos Division of the Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively.
Oando Plc on Monday said that it had yet to receive any letter from the Securities and Exchange Commission (SEC) on the appointment of its interim management team.
The Federal High Court in Lagos has granted the Group Chief Executive, Oando, Wale Tinubu and his deputy, Omamofe Boyo, an injunction restraining the SEC from executing the sanctions in the letter to Oando dated the 31st of May, 2019.
Fireworks on the controversy over corporate governance issues in Oando Plc may begin today as the management of the company is set to contest the veracity of the sack of its directors by the Securities and Exchange Commission, SEC, last weekend.
The battle for the headship of the Securities and Exchange Commission (SEC) got fiercer Monday morning as the Association of Senior Civil Servants of Nigeria, SEC Branch, locked up offices of the headquarters of the Commission over attempts by suspended DG Mounir Gwarzo to resume duties.
The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may have been executed without recourse to due process.
Oando Plc has demanded from the Securities and Exchange Commission the report of the forensic audit carried out by Deloitte & Touche for it to have a better understanding of the findings that culminated in the decisions taken by the commission.
The long awaited results from the forensic audit into Oando PLC, was finally released on Friday, May 31, 2019 on the website of the Securities and Exchange Commission (SEC) indicating weighty infractions with attendant sanctions leveled against the Company.
Some capital market operators on Saturday applauded the industrial court judgment on the reinstatement Malam Mounir Gwarzo as the Director-General of the Securities and Exchange Commission (SEC).
Oando Plc said on Friday that it would challenge the Securities and Exchange Commission (SEC) ruling on the outcome of its forensic audit.
The crucial market indices of the Nigerian Stock Exchange (NSE) dropped by 0.17 per cent on Thursday after the work-free day to mark the May 29 inauguration date.
The National Industrial Court, Abuja, on Thursday ordered the immediate reinstatement of Mounir Gwarzo, the suspended Director-General of the Securities and Exchange Commission (SEC), back to his position.
Nigerian capital market regulatory body, the Securities and Exchange Commission (SEC) has warned operators in the capital market to desist from unethical practices that can lead to strict regulatory actions.
Lagos State Government says it is implementing programmes and projects that would upscale fish production and harness the enormous economic opportunities available in the agricultural value chains in the State.
Chad President Idriss Deby declared a state of emergency in two eastern provinces on Sunday after violent intercommunal clashes left dozens dead earlier this month.
Organisers of the 12th African Games on Sunday, officially welcomed Team Nigeria to “Rabat 2019”, with a flag-raising ceremony at the Games Village located at the International University of Rabat.
The Police in Ogun State have discovered the decomposing remains of a farm worker, who was allegedly murdered by his boss, over allegation of stealing.
The Pastor of Jesus Miracle Church at No. 16, Ado-Odo Road, Afan, Sango-Ota, Ogun State, Jeremiah Ehindero, has said he stole a N1.2million vehicle when his congregation’s tithes and offerings was not enough to pay off a N650,000 bank loan.
Barcelona and Paris-Saint Germain held talks on Tuesday to discuss Neymar’s prospective return to Camp Nou.
Paris Saint-Germain are open to the idea of a loan deal for Neymar, with a subsequent obligation to buy, as the Brazilian continues to seek a way out of Parc des Princes.
Nigeria winger Moses Simon has joined French Ligue 1 club FC Nantes on a season long loan deal from LaLiga side, Levante.
Hong Kong’s government on Thursday announced an economic support package worth 2.44 billion dollars (HK$19.1 billion) as escalating political protests and the prolonged Sino-U.S. trade war weigh heavily on the Asian financial centre.
The Awujale and paramount ruler of Ijebu land in Ogun State, Oba Sikiru Kayode Adetona (Ogbagba II), yesterday received thousands of sons and daughters of Ijebu extraction of the Yoruba race in Ijebu-Ode at this year’s Ojude Oba Cultural Festival/Carnival.