Category: Crime

COURT AGAIN UPHOLDS ORDER STOPPING NAICOM FROM DISENABLING NEW BUSINESS PURSUIT BY GUINEA INSURANCE

A Federal High Court sitting in Abuja had on Monday, February 18, 2019 further upheld an earlier granted order restraining the National Insurance Commission (NAICOM) from suspending Guinea Insurance Plc from underwriting new insurance businesses; in a suit that was filed by Guinea Insurance with suit No: FHC/ABJ/CS/151/2019 against NAICOM on February 6, 2019.  …

Group takes agitations for Gwarzo’s prosecution to Presidency

As agitations by civil society groups on the fraud cases levelled against the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, continued to gather momentum, another civil society group, the Concerned Industry Watchers, on Wednesday petitioned President Buhari that he should use his good offices to ensure that all cases against…

SEC shuts down Growing Circle over Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in illegal fund management activities. According to the Commission, the company was shut down for carrying out investment operations that falls within fund management without registration with the apex regulator. The commission had established that the company’s…

ICPC Plans To Free Gwarzo Of Alleged N115m Fraud Says CACOL

The Centre for Anti-Corruption and Open Leadership, CACOL has urged the new Independent Corrupt Practices Commission -ICPC- Boss to ensure that the weighty allegations against suspended Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo are not swept under the carpet, but rather be made to face the consequences of his actions. In…