AGS NEWS – In 2023, nine financial institutions paid fines totaling N678 million for regulatory violations, according to an analysis for their annual reports. This amount represents an 89.25% decrease from the N6.31 billion in penalties paid in 2022, indicating … Continue reading Banks fined N678m by CBN and SEC
AGS NEWS – The Securities and Exchange Commission (SEC) announced on Thursday its efforts to tackle the issue of unclaimed dividends, which currently stand at a value of N190bn. The total value of unclaimed dividends reached N190bn in August 2023, … Continue reading SEC takes action to cut N190bn unclaimed dividends
The United States Securities and Exchange Commission (SEC) has accused Tingo Group Inc. and its CEO, Mmobuosi Banye, also known as Dozy Mmobuosi, of engaging in a multi-year scheme to inflate financial performance metrics. ALSO READ: Osimhen secures €140 million … Continue reading SEC accuses Nigerian businessman and firms of multimillion dollar fraud
The Securities and Exchange Commission (SEC) has taken action against six online trading platforms for allegedly providing illegal and unregistered investment and finance services or products. In a circular released on Monday, the SEC disclosed that the blacklisted firms were … Continue reading SEC cracks down on unregistered firms and blacklists six e-commerce platforms
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