sec Archives - Freedom Online

G T Holdings Reports ₦509.3billion Profit Before Tax

Abdulah Wahab — Sat, 04 May 2024 22:35:53 +0000

G T Holdings Reports ₦509.3billion Profit Before Tax Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦509.3billion, representing an increase […]

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Infrastructure development will tackle ‘Japa’ syndrome – SEC D-G

Gbemi Banks — Thu, 12 Oct 2023 15:59:20 +0000

The Securities and Exchange Commission (SEC) has identified availability of infrastructure as crucial to raising the living standard of Nigerians. The Director-General of SEC, Mr Lamido Yuguda, said this at a pre-event news conference on the forthcoming West Africa Capital Market Conference (WACMAC) on Thursday in Lagos. The conference with the theme: “Infrastructural Deficit and […]

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SEC files preliminary objection against Gwarzo’s suit

Roland Edwards — Thu, 12 Jul 2018 18:04:26 +0000

The National Industrial Court (NIC), Abuja, on Thursday adjourned until October 24 hearing of the preliminary objection filed by Securities and Exchange Commission (SEC), in the suit instituted against it by its suspended Director-General (D-G), Mounir Gwarzo. Justice Sanusi Kado, adjourned the suit after listening to submissions of counsel and ordered that hearing notice be […]

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Adeosun reassigns portfolios in SEC, as Mary Uduk takes over as Acting DG

Freedom Reporter — Fri, 13 Apr 2018 19:10:41 +0000

Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC). 2. Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. Uduk’s appointment is governed by the provisions of the Investments and Securities Act (ISA), 2007 and the conditions […]

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Keyamo demands release of probe report on suspended SEC D-G, Gwarzo

Femi Adewale — Thu, 25 Jan 2018 18:05:39 +0000

Lagos lawyer, Festus Keyamo (SAN), has requested that the report of the investigation panel set up to probe the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, be made public. Finance Minister, Mrs. Kemi Adeosun, suspended Gwarzo on November 29, 2017, over allegations of financial impropriety levelled against him. An Administrative […]

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Adeosun: I suspended Gwarzo because he tried to blackmail me

Freedom Reporter — Fri, 08 Dec 2017 13:11:49 +0000

The attention of the Honourable Minister of Finance has been drawn to some misleading and mischievous media reports regarding the suspension of the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo. Mr. Gwarzo has alleged that his suspension was due to “his refusal to stop the forensic audit of Oando Plc. […]

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Gwarzo: CACOL visits EFCC, defends corruption petition against suspended SEC D-G, hails Adeosun’s action

Robby Akeju — Tue, 05 Dec 2017 16:20:20 +0000

Centre for Anti-Corruption and Open Leadership (CACOL), a non-political, non-religious, and non-profit making organization, on Monday, visited the Economic and Financial Crimes Commission (EFCC), to defend its petition against the suspended Director General of Securities and Exchange Commission (SEC), Mr. Mournir Haliru Gwarzo. The Executive Chairman, CACOL, Comrade. Debo Adeniran, who spent one hour with […]

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Reps to investigate Gwarzo as Okechukwu says ‘rot in SEC contributes to collapse of capital market’

Ibrahim Ahmadu — Tue, 05 Dec 2017 15:04:25 +0000

The House of Representatives on Tuesday resolved to probe alleged corruption in Securities and Exchange Commission (SEC), which led to the suspension of its Director-General, Mr Munir Gwarzo, by Finance Minister, Mrs Kemi Adeosun. To this end, the House asked the parties in the matter to maintain status quo, pending the outcome of the investigation. […]

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FG appoints Zubair acting SEC D-G

Femi Adewale — Sun, 03 Dec 2017 15:44:24 +0000

The Federal Government, on Sunday, announced the appointment of Dr Abdul Zubair as acting Director-General, Securities and Exchange Commission (SEC). Mrs Efe Ebelo of the commission’s Corporate Communications Unit, said in a statement in Lagos that the appointment was with immediate effect. Ebelo stated that the appointment followed the suspension of Mr Munir Gwarzo, the […]

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N104m scam: Adeosun suspends SEC D-G, Heads of Media, Legal depts

Robby Akeju — Wed, 29 Nov 2017 18:26:57 +0000

Embattled Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, was, on Wednesday, suspended by Finance Minister, Mrs. Kemi Adeosun. Gwarzo has been fingered in a N104 million scam rocking the agency. He is also alleged to be using nine companies, in which himself, his wife and some cronies have interests, […]

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N104m scam: Buhari directs EFCC to probe SEC D-G

Robby Akeju — Mon, 27 Nov 2017 09:24:06 +0000

President Muhammadu Buhari has directed the Economic and Financial Crimes Commission (EFCC) to probe an alleged “large-scale abuse of office and gross official recklessness” on the part of the Director-General (D-G) of the Securities and Exchange Commission (SEC), Mr Mournir Haliru Gwarzo. The order, according to a source, was given after a petition to the […]

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SEC D-G panics as Reps move to probe N104m severance package

Ola Simeon — Wed, 01 Nov 2017 09:49:58 +0000

The House of Representatives has concluded plans to probe the embattled Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, following reports that he illegally paid himself N104.8 million as severance package for serving as Executive Commissioner of SEC for two years and four months. This was before he was appointed Director-General on May […]

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Shares’ suspension: Operators urge SEC, Oando to settle out-of-court

Ola Simeon — Thu, 26 Oct 2017 15:38:05 +0000

Some capital market operators, on Thursday, urged the Securities and Exchange Commission (SEC) and Oando Nigeria to settle the dispute over the latter’s shares suspension out-of-court. They said in Lagos that further impasse over the issue in the public could dampen public interest in the nation’s capital market. Mr Ambrose Omordion, the Chief Operating Officer, […]

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Suspected insider dealing: SEC directs NSE to place Oando’s shares on technical suspension

Ola Simeon — Wed, 18 Oct 2017 18:30:04 +0000

The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to place the shares of Oando Plc on technical suspension. A statement by the management of the commission on Wednesday said the company would be suspended due to several complaints against it by shareholders in the capital market. Technical suspension is the […]

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AGF to audit revenue generating agencies to determine true state

Robby Akeju — Wed, 13 Jul 2016 14:22:08 +0000

The Accountant-General of the Federation, Mr Ahmed Idris, has said that his office was carrying out a forensic audit of federal government’s agencies to access true state of their revenue generation. This was contained in a statement on Wednesday in Abuja by the Director of Press, office of the AGF, Mrs Kenechukwu Offie. According […]

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