7 results
- 26 May 2025
Ponzi Scheme Operators Risk N10m Penalty, Others- IST Chair
Amos Azi, chairman, Investment and Securities Tribunal (IST), Amos Azi, has disclosed that the newly enacted Investments and Securities Act now prescribes punitive measures of no less than ten…
- 9 Dec 2025
SEC Urges IST to Freeze all CBEX Bank Accounts in Nigeria
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of all bank accounts belonging to Crypto Bridge Exchange (CBEX) and other…
- 2 Feb 2021
IST Orders NDIC to Pay IPO Subscriber
Investment and Securities Tribunal (IST) has ordered the Nigeria Deposit Insurance Corporation (NDIC) to pay a subscriber to an aborted initial public offering (IPO), in a landmark judgment that…
- 25 Sept 2020
FG Sacked IST Members over Fraud- Ahmed
Mrs Zainab Ahmed, minister of Finance Budget and National Planning, has said the Federal Government sacked some past members of the Investments and Securities Tribunal (IST) as they indulged in…
- 5 Jan 2025
SEC to Intensify Crackdown on Ponzi Schemes this Year
Securities and Exchange Commission (SEC) has said that it will intensify efforts to eliminate Ponzi and pyramid schemes, thereby fostering an environment for genuine investment opportunities to…
- 4 Jan 2021
SEC Fights with Chaka Technologies over Investors’ Funds
Securities and Exchange Commission (SEC) and Chaka Technologies Limited are feuding over offering for sale shares, stock or other securities. The Commission, had in a statement, said that the…
- 29 Dec 2023
SEC says Nigeria’s Potential for Islamic Finance Jurisdiction Outstanding
The Securities and Exchange Commission (SEC) has said Nigeria has the potential to join the leading global Islamic finance jurisdictions. Mr. Lamido Yuguda, Director General, SEC, said this when the…