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SEC Files Subpoena Enforcement Against Investment Company Trust and Trustee for Failure to Produce Documents

October 9, 2018/US SEC The Securities and Exchange Commission announced that it filed a subpoena enforcement action against the Saint James Holding and Investment Company Trust and its sole trustee,… Read more »

NSE Suspends Trading in the Shares of IEI, Union Dicon, Four Others

October 8, 2018/NSE  Pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“Default Filing Rules”), which provides that; “If… Read more »

Honeywell Group Vs. Ecobank: Bank Insists Debt Must Be Paid

October 8, 2018/PR Redline Ecobank Nigeria Limited says it would continue to strongly resist any attempt to use a frivolous N72 billion claim to derail it from continuing to pursue… Read more »

Emefiele Says MTN $8.1bn Fine May Be Reduced After Firm, Bankers Tendered New Documents

7/10/2018/The Will Nigeria’s Central Bank Governor, CBN, Mr. Godwin Emefiele Sunday in London said its $8.1bn claim against MTN Group may be reduced after the telecoms giant and its bankers… Read more »

Honeywell Group Vs. Ecobank – The Boldface of a Bad Debtor

October 8, 2018/Ecobank Nigeria 1.  Ecobank’s attention has been drawn to several media reports stating that the Honeywell Group has filed a suit claiming damages against Ecobank in the sum… Read more »

-17 States Still Owe Pensions, Salaries Despite Several Bailouts

October 8, 2018/BudgIT BudgIT, worried that some states are yet to fully offset the outstanding amount owed pensioners and civil servants despite series of bailouts aimed at offsetting the liabilities,… Read more »

Court Enters Judgment Against Connecticut Defendant in SEC Insider Trading Case

5/10/2018/US SEC On October 5, 2018, the federal district court in Connecticut entered a final judgment against Katherine Hanratty, a resident of Watertown, Connecticut, to settle allegations that she was… Read more »

SEC Charges Real Estate Developer With Fraud in Project Tied to New Commuter Rail Station

October 5, 2018/US SEC The Securities and Exchange Commission today charged a Virginia real estate developer with skimming investor funds that were intended for use in purchasing an office building… Read more »

Naira Abuse: CBN to Try Offenders in Mobile Court

October 5, 2018/Punch Nike Popoola Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish… Read more »

Mastercard Reaches Agreement to Settle Monetary Damages Related to U.S. Merchant Litigation

18/9/2018/Mastercard Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation. The agreement formalizes prior discussions and has been executed by all of the… Read more »