Fidelity bank banner Bayelsa State banner
SEC imposes life ban on two capital market operators

By News Express on 29/09/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,281

The Securities and Exchange Commission (SEC) on Wednesday announced the ban and blacklisting of Taofik Lawal and Mrs. Iyabode Lawal, directors of WT Securities Limited, from operating in the Nigerian Capital market for life.

The company and its directors were found culpable of mismanaging the stocks of Mrs. Opral Mason Benson.

The suspension, the commission said in a statement on its website is in exercise of its powers under Section 13 of the ISA, 2007, following the unauthorised sale of the Nigerian Breweries Plc shares belonging to Ngozi Onyekwere Nwachukwu.

“The actions of WT Securities Limited and the aforementioned Directors are in violation of Section 110 of the ISA 2007 and Rule 65 (1) of the Commission’s Consolidated Rules and Regulations 2013.” The statement added.

Consequently, the investing public has been advised to desist from dealing with the named persons in any capital market related capacity. (Independent)


Source News Express

Posted 29/09/2016 04:40:30 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Boko Haram invades Yoruba land for bulletproof charms...

NiMET predicts cloudy skies, thunderstorms, rains on Thursday...

Unilorin announces resumption dates for 2013/2014 session

Expect superior performance from me, Gov. Emmanuel tells...

9 Americans named among 33 nabbed in Saudi...

Peace Corps Bill: 173 Reps sign to override...

NCC gives condition for buyers of 9mobile

Dogara blasts state governors over slow pace

Gov. Obi weeps as Anambra buries 4 family...

Nigeria’s dependence on oil is not 75 percent,...

China’s 8-year-long smartphone growth comes to an end...

CAN to FG: Buckle up and find solution...


Latest News Ministry accesses N15bn from Mining Intervention Fund Pope to meet sexual abuse My mother was my rock, says Gov. Dickson NiMet predicts thunderstorms, rains for Wednesday Angry APC youths attack Governor Obaseki’s convoy Buhari shuns protocol, treks 800 metres •He is fit and ready for 2019 — Presidency Apprehension as firm serves Adeleke University quit notice, threatens to demolish structures Police captures madman accused of killing Ekiti monarch Kidnapping: NMA threatens to withdraw medical services in Cross River HURIWA cautions Army on Operation Python Dance 3, asks Buhari to rejig Security Council More males than females register to vote SERAP to Ajimobi: Repair Ayefele’s Fresh FM building or face legal action


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (379,790 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,794 views) Shameless Genevieve Nnaji exposes breasts in public (297,648 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,767 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,912 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,740 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (193,495 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,622 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (160,132 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (159,136 views) Lagos plane crash: Journalist releases victims’ names (153,388 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,590 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,473) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (530) Features (642) Global Business Monitor (298) International (2,286) Interview (162) Live Commentary (28) Love Matters (137) News (38,202) Opinion (1,064) Pidgin (11) Politics (6,121) Religion (838) Sports (1,655) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Yinka Ayefele's Music House Demolished


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera