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Punch Newspapers Sections Dennis Naku, Port Harcourt The fate of over three thousand investors of a trading company known as MBA Forex in Port Harcourt, Rivers State is hanging in the balance over alleged collapse of the firm. Many investors decried the firm’s failure to fulfil its agreement of paying them their monthly dividends that depend on individual investment for October, November and December. Our correspondent who visited the company’s imposing office located at Waterlines bus stop, Aba Road observed that the gate was closed, with no sign of activity going on there. A lady who wa...

By Ginika Okoye Abuja, Dec. 21, 2020 The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited saying that neither the entity nor their products are registered or regulated by the Commission. Mrs Efe Ebelo, the Head, Corporate Communication of SEC, made this known in a statement issued in Abuja on Sunday. The Commission said that the company, in spite of not being registered by the Commission, had proceeded to unlawfully solicit funds from the investing public on product(s) neither registered nor approved by it. The Commission also expressed regrets...

Ndubuisi Francis in Abuja The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited, warning that neither the entity nor the ‘illegal products’ they offer is registered or regulated by the commission. SEC in a statement released by its Head, Public Affairs, Efe Ebelo, said its attention “has been drawn to the illegal fund management operation conducted by Famzhi Interbiz Limited. “The commission wishes to inform the public that Famzhi Interbiz Limited is not registered to operate in the Nigerian capital market. The company had ap...

By Ndubuisi Francis The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited, warning that neither the entity nor the ‘illegal products’ they offer are registered or regulated by the Commission. SEC in a statement released by its Head, Public Affairs, Efe Ebelo said its attention “has been drawn to the illegal fund management operation conducted by Famzhi Interbiz Limited. “The Commission wishes to inform the public that Famzhi Interbiz Limited is not registered to operate in the Nigerian capital market. The company had applied to the Commi...

By Ndubuisi Francis The Securities and Exchange Commission (SEC) has revealed that it is working to get appropriate rules that will enhance the operations of the commodities and futures exchange. It disclosed that in a bid to ensure that the relevant standards required are approved, it was engaging with the Standards Organisation of Nigeria (SON), and pulling its weight to ensure increased visibility of the nation’s commodities in the international market. SEC Director General, Mr. Lamido Yuguda, who spoke during a visit of the House of Representatives Committee on Capital Market and other ...