The Securities and Exchange Commission (SEC) on Tuesday restated its decision to conduct a forensic exercise into the activities of Oando Plc.
Meanwhile, the SEC, yesterday, stated that it will go ahead with the conduct of a forensic exercise on Oando Plc despite the suspension of Gwarzo.
Gwarzo was earlier suspended by the Minister of Finance, Mrs Kemi Adeosun, on Wednesday, November 9, over the allegation of financial impropriety and to allow for an unhindered investigation of several allegations of financial impropriety leveled against him.
Funds missing under his watch so far runs into billions preliminary investigation, has shown unofficially.
Suspended alongside Mr. Gwarzo were two officials of the regulatory commission, Abdulsalam Habu, Head of Media Division, and Anastasia Braimoh, Head of Legal Department.
In a statement by Head of Corporate Communications, Securities and Exchange Commission (SEC), Bagudu Waziri, the apex capital market regulator assured the general public of its zero tolerance to infractions in the Nigerian capital market. Nigerians should know why the minister can not be investigated.
In his remarks, Sani Kaita (APC, Katsina) pointed out that SEC is a very sensitive and very important organisation to Nigeria and the worldwide community and the House should be involved in the investigation of the issues.
However, while these and other allegations were being probed, a petition was filed against Gwarzo for paying himself a severance package as a former executive commissioner of SEC, a position from where he was made DG.
AI.type Keyboard App Leaks 31 Million Users' Personal Data
Accompanying the numbers were the make and model of the device, its screen resolution and the version of Android it was running. There's more in the full blog post, but the long and the short of it is that these users are utterly exposed.
However, it lost this bid at the court because the presiding judge, Justice Mohammed Aikawa, threw out the case for lack of jurisdiction, advising Oando to take the matter to an Investment and Securities Tribunal (IST), which has the powers to hear disputes arising from the capital market.
That the commission is not aware of the existence of any valid or subsisting order of court restraining the commission from proceeding with the forensic audit.
The suspension, according to SEC, was to enable it to conduct a forensic audit into the affairs of Oando, which has dual listing on the NSE and JSE.
Daily Trust also discovered that Oando has filed a notice of appeal challenging the judgement of the high court.
The committee is expected to report back in two weeks.
"The Nigerian people should be told why the infractions of Oando would be swept under the carpet".
Effort to get Oando's spokesperson, Alero Balogun to hint at the company's next line of action did not yield result as he was said to be in a management meeting up to the time of filing this report.
The first-legs will take place on February 13/14 and 20/21 , with the second-leg games due to be played on March 6/7 and 13/14 . No club can be drawn against a team they played in their group, nor against any side from their own association.
All federal parliamentarians have now submitted their family records as part of the new citizenship disclosure regime. She obtained British citizenship through her British-born father Charles Gallagher.
Watt and Altuve will be honored on Tuesday at Barclays Center in NY during the SI's Sportsperson of the Year Award Show. At 5-foot-6, Jose Altuve is often the shortest person in photos, especially when he's standing next to other athletes .
His last roles were in the 2017 comedies Chacun Sa Vie Et Son Intime Conviction and the Guillaume Canet-directed Rock 'n Roll . Hallyday had long suffered from lung cancer and had repeated health scares recently.
US Capital Advisors cut Valero Energy from an "overweight" rating to a "hold" rating in a report on Thursday, August 17th. They were forecasting US$0.75 per share three months ago. 11,738 were accumulated by Alpha Windward Ltd Liability Corp.
The stock has "Buy" rating by Stifel Nicolaus on Wednesday, November 1. (NASDAQ: EGBN ) on Tuesday, October 3 with "Hold" rating. The Elizabeth Park Capital Advisors Ltd holds 160,095 shares with $10.13 million value, up from 113,753 last quarter.
The presenter stepped down after coming under fire over the controversial comments, which he admitted had "hurt many people". But he has now issued a statement saying he will no longer host Top Of The Pops on the BBC.
Garcia Zarate's defense attorneys say they will appeal that conviction which carries a maximum penalty of three years in prison. His public defender Matt Gonzalez said Garcia Zarate will ask a judge to toss out the state conviction.
The coin came within striking distance of $12,000 earlier today , notching up a new all-time high of $11,931.90. Trading will begin, under the ticker symbol "XBT", at the start of global trading hours at 6 p.m.
They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. Guggenheim reissued a "buy" rating and issued a $35.00 price target on shares of Corning in a report on Tuesday, August 15th.
Westbrook's triple-double leads Thunder past Jazz 100-94
He closed out the third quarter strong with 11 points, helping the Thunder cut Utah's lead to 80-68 by the end of the period. But with Utah seemingly poised for victory, the Thunder exploded in the fourth quarter, outscoring the Jazz 32-14 to win.
Bryan Singer Fired From Queen Biopic Bohemian Rhapsody
The studio is expected to name a new director shortly, and the film is expected to be released in December 2018 as planned. Additionally, Singer and Malek are said to have had a confrontation that involved the director throwing an object.
Terrorist plot to assassinate British PM foiled
A plot to assassinate British Prime Minister Theresa May has been foiled, Sky News reported on Tuesday, citing sources. The IRA had previously targeted prime minister Margaret Thatcher at the Conservative conference in Brighton in 1984.
Toshiba to speed up payments for Vogtle
The Vogtle plant is the only nuclear generator under construction in the USA today after the cancellation of the V.C. To date, the owners have received $455 million in total from Toshiba parent guarantees for construction at Vogtle.
Okami's Amaterasu could come to Dota 2
Coffee Stain Studios and Adult Swim Games have submitted couriers based on the goat from Goat Simulator and Mr. Game crossovers are nothing new, but Capcom's way of getting Okami's Amaterasu into Dota 2 is a bit different.