Home Topics Investment and Securities Act
Investment and Securities Act
The Act establishes the Federal Competition and Consumer Protection Commission as well as the Consumer Protection Tribunal to try violations.
The Chief Judge (CJ) of Rivers, Justice Adama Iyayi-Lamikanra, has suggested the use of Alternative Dispute Resolution (ADR) mechanisms in resolving matters arising from investment and securities.
Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.
While the shareholder groups have accused Adeosun of “unwholesome interference” in the nation’s capital market and meddling in the operations of SEC, and demanded her immediate sack, the minister has denied the allegations, saying the shareholder groups were speaking out of ignorance.
The embattled former Director General of the Securities & Exchange Commission, SEC, Mounir Gwarzo, appears to be in more trouble as fresh allegations emerged Thursday that he spent over N1.7 billion on ‘golden handshake’ to some staff without due process and approval.
The Minister of finance, Kemi Adeosun, and the suspended Director General of Securities and Exchange Commission, SEC, Munir Gwarzo have disagreed over the legality of the controversial suspension of the latter.g
President of the Senate, Dr. Abubakar Bukola Saraki, on Wednesday reiterated the commitment of the 8th National Assembly to swiftly consider and pass required amendments to the Companies and Allied Matters Act (CAMA) and the Investment and Securities Act (ISA).
A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares.
Mr Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.
The Peoples Democratic Party in Ekiti State on Sunday accused the Independent National Electoral Commission in the state of providing for electoral fraud in last Saturday’s rescheduled presidential and National Assembly elections by releasing excess polling units result sheets, Form EC8A.
The Katsina State government has donated the sum of N500,000 to the parents of a corps member, Ibrahim Shehu Zango, who died recently in a ghastly motor accident.
Bishop Paulinus Ezeokafor of the Catholic Diocese of Awka, has called on Nigerians to adjust to the inconveniences that the shift in the dates for the conduct of the general elections would cause them.
Over 3,000 members of the People’s Democratic Party (PDP) in Anambra South Senatorial zone at the weekend dumped the party for the All Progressives Grand Alliance (APGA).
Samuel Umtiti is set to make his long-awaited return from injury after Barcelona named him in the squad on Sunday to face Lyon in the Champions League.
The Ekiti State government has sealed up a radio station in the state.
The People’s Democratic Party (PDP) has accused the Independent National Electoral Commission (INEC) of hoarding the presidential and senatorial elections result sheets for undisclosed reasons.
Premier League side Everton are still keeping tabs on Nigeria international Henry Onyekuru with the hope of securing a work permit this summer for the player.
Residents including business owners in Port Harcourt, Rivers State, have lamented the postponement of Saturday’s Presidential and National Assembly elections, saying the initial declaration of the day as work-free, has resulted in financial losses for them.
Thousands of people fleeing violence in South Sudan have crossed the border into northeast Democratic Republic of Congo, the UN said on Wednesday.