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How SEC Director-General Illegally Paid Self Severance Benefit, Awarded Contracts To His Companies

October 25, 2017/Sahara Reporters Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Haliru Gwarzo, SaharaReporters can exclusively reveal, has perpetrated a variety of fraudulent activities since his appointment… Read more »

SEC Says Oando Presented False Dividend, Financial Statements

October 24, 2017/NSE The Securities and Exchange Commission’s (“SEC” or “The Commission”)’s alleged findings as outlined in their correspondence to the Company’s (“the Company” or “Oando”) Group Chief Executive (GCE)… Read more »

Oando Secures Court Injunction, restraining SEC, NSE

Culled—Proshare 24/10/2017/NSE Following the directive by the Securities and Exchange Commission of Nigeria, that the Nigeria Stock Exchange should effect a full/technical suspension on the trading of the shares of… Read more »

Senate Passed a Motion on the Need for Intervention in the Etisalat NG $1.2bn Debt Crisis

Culled—Proshare October 24, 2017/Senate  Today, the Senate passed a Motion on the need for intervention in the recent Etisalat Nigeria $1.2 billion debt crisis. In 2013, Etisalat Nigeria acquired a… Read more »

President Buhari Fires Maina from Service

October 23, 2017/State House President Muhammadu Buhari has directed the immediate disengagement from service of Mr Abdullahi Abdulrasheed Maina, former chairman of the Presidential Task Force on Pension Reforms. In… Read more »

Osinbajo at EITI Conference Calls for Global Action Against Corporate Secrecy, Illicit Financial Flows

*Says, “Secrecy provides convenient cover for the criminal and the corrupt…’’ October 23, 2017/Press Release “we know that anonymous companies are not always illegal or are not always designed to… Read more »

NSE Issues Update on Oando’s Suspension

October 20, 2017/NSE Dealing Members are referred to our market bulletin of Wednesday, 18 October 2017 (NSE/LARD/LRD/MB05/17/10/18) notifying them that effective today, Friday, 20 October 2017 and until further directive,… Read more »

SEC Appoints Deloitte to Lead Forensic Audit of Oando as Firm’s Shares are Suspended on JSE

Culled—Thisday 20/10/2017 Market welcomes action Goddy Egene In furtherance of its resolve to carry out a forensic audit of Oando Plc, the Securities and Exchange Commission (SEC) has revealed that… Read more »

Johannesburg Stock Exchange Also Suspends Trading Of Oando Shares

October 19, 2017/The Will By Ugochukwu Ugwuanyi Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday… Read more »

Oando Confirms Suspension on Shares Trading

October 18, 2017/NSE The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to… Read more »