National Wire About Nigerians, Nigerian Business and Other Stories
Alleged Infractions: SEC Takes Over Oando Plc Operations
Alleged Infractions: SEC Takes Over Oando Plc Operations
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Politics
SEC: Investors To Await ICPC Appeal Court Judgment On Gwarzo
The National Industrial Court (NIC), last Thursday, ordered the reinstatement of Mounir Gwarzo, the suspended Director-General of the Securities and Exchange Commission (SEC), with all his salaries and allowances paid to him.
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SEC, EFCC Collaborate To Sanitise Economy
Photo Caption: From Left---Acting Director General, Securities and Exchange Commission Ms Mary Uduk with Acting Chairman, EFCC, Mr Ibrahim Magu during a Meeting between EFCC and SEC in Abuja, weekend
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Oando Calls On SEC For Engagement
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.
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SEC Concludes Oando Investigation: Directs’ Group CEO Wale Tinubu, Others To Resign
The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of the affected Board members, and also barred the Group Chief Executive Officer (GCEO) and the Deputy Group Chief Executive Officer (DGCEO) of Oando Plc from being directors of public companies for a period of five (5) years.
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ETI Specialized Resolution Company To Appeal Court Judgment On Honeywell Suit
The ETI Specialized Resolution Company Ltd (ESRC) which took over the disputed Honeywell loans is set to appeal the judgement delivered by Justice Ayokunle Faji of the Lagos Federal High Court, on the protracted N5.5 billion legal suit between Honeywell and Ecobank.
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Buhari Govt Should Privatize Government-Owned Refineries, Deregulate Petroleum Downstream Sector – BudgIT
BudgIT has called on President Buhari to privatize all government-owned refineries while also fully deregulate the petroleum downstream sector.
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Buhari Commends Ecobank’s Financial Inclusion Drive
President Muhammadu Buhari has commended Ecobank for its various initiatives targeted at promoting financial inclusion in the country.
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Nigerians Became Poorer In Buhari’s First Term – The Economist
The Economist reviewed the first term of President Muhammadu Buhari and concluded that Nigerians became poorer during his first four years in office.
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Heritage Bank Empowers ‘HB Lab’ Tech Start-Ups’ Winners With $40,000 Grants
As part of its efforts to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria’s most innovative banking service provider has doled out $40, 000 grants to winners of the maiden edition of HB Innovative Lab.
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