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The SEC Vs Chaka SPLEET WILL EXPAND TO GHANA & RWANDA If you’ve ever lived in Lagos, there’s no rite of passage as difficult as renting a house. It’s a system controlled by real estate agents looking to make a quick buck and cynical landlords who are wary of bad tenants. There have been attempts to solve the problem of home renting by taking it online, but if you’re trying to find a house online, you’re likely not going to avoid any of the troubles. . That is unless you use one of the newer proptech startups in Lagos; Fibre, Spleet, or Muster. These startups cater to the young an...

The Debt Management Office (DMO) said on Thursday that it has listed its third sovereign Sukuk, N162.557bn 7-year 11.200 per cent AL Ijarah Sovereign Sukuk due 2027, on the Nigerian Stock Exchange and the FMDQ Securities Exchange. This disclosure is contained in a press statement titled ‘Listing of N162.557bn 7-Year 11.200 per cent Al Ijarah Sovereign Sukuk due 2027 on the Nigerian Stock Exchange and FMDQ Securities Exchange’, issued by the DMO on Thursday, March 19, 2021, as can be seen on its website. The statement says that the Sukuk, which at the time of issuance was massively subscri...

Chaka Technologies Limited, a fintech company, has reassured investors on the safety of their investments following an interim order granted by the Investment and Securities Tribunal (ISL) to restrict the company and its promoters from advertising and offering for sale, shares, stock or other securities of Nigerian Stock Exchange (NSE)-listed companies. In a statement signed by Co-founder and Chief Executive Officer (CEO), Tosin Osibodu, the company explained that although no formal order from the Nigerian Securities Exchange Commission (SEC) has been received, it reassures investors that it ...

Share The Securities and Exchange Commission (SEC), in a statement has announced that it will restrain fintech startup, Chaka Technologies Limited, and its promoters from advertising or offering for sale shares, stock or other securities of companies or other entities. In a statement on Saturday, SEC said its Investments and Securities Tribunal (IST) gave an interim order on Thursday, December 17, 2020. The interim Orders, which apply to all Chaka platforms, were granted pursuant to an application by the Securities and Exchange Commission. In the application, the Commission – through its so...

The Investments and Securities Tribunal, (IST) on Thursday 17th December 2020, made interim Orders restraining a Fintech company, Chaka Technologies Limited, and its promoters from advertising or offering for sale shares, stock or other securities of companies or other entities. The interim Orders, which apply to all Chaka platforms, were granted pursuant to an application by the Securities and Exchange Commission. In the application, the Commission – through its solicitor, Dr. Chuka Agbu SAN – informed the Tribunal that the Defendants were engaged in investment activities, including prov...