Some Registrars Unwilling To Release Unclaimed Dividends – SEC Boss     The Director-General of the Securities and Exchange Commission, Lamido Yuguda, has said some registrars are unwilling to release shareholders’ unclaimed dividends in their custody. Yuguda said the registrars had employed several antics to frustrate shareholders from...

SEC Vows Crackdown On Illegal Fund Managers, Ponzi Schemes   The Securities and Exchange Commission has vowed to continue to crack down on Ponzi schemes and illegal fund managers amid the recent resurgence of their activities. The Director-General, SEC, Mr Lamido Yuguda, made the pledge at an...

Senate Knocks SEC For Spending Earnings On Salaries, Emoluments   The Senate has carpeted the Securities and Exchange Commission for spending most of the revenues it generated on salaries and emoluments of staff. The Senate, through its Committee on Capital Market, insisted that it was wrong of...

CBN, SEC Sanction Five Banks Over Money Laundering, Forex Offence    The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are...

SEC Vows To Sanction Erring Capital Market Operators   The Securities and Exchange Commission has vowed to apply stiff sanctions to any capital market operators who engage in unethical conduct. The Director-General, SEC, Mr Lamido Yuguda, said the commission had resolved to intensify monitoring and surveillance of...

SEC Remits N1.5bn To FG, Assures Of Profitability In Two Years         Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could go bankrupt very soon, Director-General, of the SEC, Mr. Lamido Yuguda has disclosed that...