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Mary Uduk

Modibbo Tukur

Nigeria plans clampdown on shell companies

The Nigeria Financial Intelligence Unit, NFIU, has announced an upcoming crackdown on ghost businesses across the country, amidst concerns about lax regulation of companies’ financial dealings.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC reaffirms readiness to sensitise investors on e-dividend

The Securities and Exchange Commission, SEC, said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Clarion call for SEC, other agencies to respect rule of law

If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC to commence capacity building on commodities exchange

The Securities and Exchange Commission (SEC) said it was ready to commence capacity building of stakeholders and the public on commodities exchange to bridge the existing knowledge gap.
Mary Uduk

SEC urges defunct Skye bank investors to claim dividends

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.

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.

Federal government to inaugurate SEC board Monday

The Federal Government will on Monday inaugurate the board of the Securities and Exchange Commission (SEC) to be chaired by Mr Olufemi Lijadu.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Derivatives will boost capital market liquidity

The acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has identified derivatives as some of the investable products capable of boosting liquidity in the Nigerian capital market.

UK’s CISI, CIS, NCMI sign MoU on capital market training

The Chartered Institute for Securities and Investment (CISI) of the United Kingdom has entered into agreements with Chartered Institute of Stockbrokers (CIS) and the Nigerian Capital Market Institute (NCMI) to strengthen professional training and qualification of Nigerian capital market operators.

SEC’s abuse of power negatively impacts Oando’s employees, board of directors

In the Oando versus the Securities and Exchange Commission (SEC) crisis it seems the SECs strategy is to use silent warfare and third parties to achieve one objective - the destruction of Oando PLC.

Stakeholders condemn SEC actions against Oando

Following what can now be termed the longest forensic audit in the history of the Nigerian Securities & Exchange Commission (SEC) they published far reaching pronouncements and sanctions against Oando PLC’s principals said to be the outcome of the investigation into the company’s business.

Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome

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 Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

SEC, EFCC deepen collaboration on anti-graft war

Fraudsters and other criminals in the capital market have been advised to quit their unwholesome trade as the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have joined forces to tackle them headlong.

Oando forensic audit report: Why isn’t SEC following due process?

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.
LOOM

SEC: Loom is a ponzi scheme

The Securities and Exchange Commission (SEC) yesterday warned Nigerians against the activities of some fraudsters running an online investment scheme tagged ‘Loom Money Nigeria’.
LOOM

SEC warns Nigerians to beware of Loom ponzi scheme

The Securities and Exchange Commission (SEC) has raised the alarm over the activities of some fraudsters currently running an online investment scheme tagged ‘Loom Money Nigeria’.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC approves MTN’s application for listing

Last week’s application from MTN Nigeria requesting the registration of its existing securities in the capital market has been duly approved by Securities and Exchange Commission (SEC).
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Why unclaimed dividends are increasing

The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.

Recent Stories

National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.

NEMA: Shiites burnt down two quick response ambulances

National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.
Nigerian Stock Exchange NSE

NSE indices resume with 40% loss amid profit taking

Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.
Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita

Winifred Oyo-Ita: Unrealistic demands by labour unions hampering implementation of new minimum wage

The Federal Government has revealed that the new minimum wage of N30,000 is yet to be implemented in full across the board in the Federal Civil Service because of unrealistic demands of the labour unions.
Abba Kabir Yusuf

Tribunal: PDP tenders 241 exhibits against Governor Ganduje’s election

Abba Kabir-Yusuf, the Peoples Democratic Party (PDP) candidate in the March 23 Governorship election in Kano State, on Monday, tendered 241 exhibits before the state Governorship Election Petition Tribunal.
Dr Gloria Obioh, Head of Department of Environmental Biotechnology and Bio- conservation Department, National Biotechnology Development Agency (NABDA) stated this in an interview with newsmen.

Federal government set to deploy biogas for power generation

The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.