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Investments and Securities Act

Federal government charges new SEC board to sanitize capital market

The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.

SEC orders Oando chief Wale Tinubu, others to resign

The Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr Wale Tinubu, and other affected board members to resign.

SEC shuts firm over illegal management fund operations

The Securities and Exchange Commission’s (SEC) recent onslaught against companies engaged in illegal fund management has claimed its second casualty – Growing Circle, a Lagos-based firm.

SEC shuts down Ponzi scheme in Kano

The Securities and Exchange Commission (SEC) has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities,

SEC: Kemi Adeosun reassigns portfolios, names acting chief

The Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC).

Nigerian Stock Exchange moves to forestall price decline in newly listed entities

The Nigerian Stock Exchange, NSE, has commenced moves to curtail the usual free fall in the share prices of newly listed companies.

Abdul Zubair appointed as acting SEC chief

The Federal Government of Nigeria has appointed Dr Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission.

House of Reps quizzes CBN, PenCom, DMO over alleged capital market breaches

PenCom’s representative, Ibrahim Kangiya said the commission has instituted measures towards protecting pensions funds, assuring that, though there were still hitches, appreciable success was being expected soon.

Capital market: SEC bans Ogiemwonyi for life over alleged unprofessional conduct

SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited. The Chairman of the companies, Mr. Henry Omoragbon, was also suspended for a period of five years from engaging in capital market activities in Nigeria.

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Delta court sentences man to death by hanging for armed robbery

A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
Imam Abubakar Abdullahi, right, when he earned the Ahmadu Bello Merit award earlier this year

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