Launch of the SEC's redesigned website | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 | Launch of the SEC's redesigned website | Enroll Now: Training Opportunities at The Nigerian Capital Market Institute (NCMI)! | In a major boost to capital market regulation in Nigeria, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 |

Companies Facing Enforcement Action
(April, 2011 to March, 2015)

S/N Name of Company Nature of Enforcement Action Reason Date Remarks
1 Elyon Asset Management Limited (and its Sponsored Individuals) Suspension breach of extant capital market Rules and Regulations. February 12, 2015 Still in force
2 Woodland Capital Market Plc together (with its Directors and Sponsored Individuals) Suspension (Now lifted) unauthorized sale of 3,750 units of PZ Plc shares belonging to an investor and its refusal to comply with the Commission’s directives in that regard March 10, 2015 Suspension was lifted on April 14, 2015
3 International Standards Securities Limited (with its Directors and Sponsored Individuals) Suspension non-compliance with SEC Rules / Regulations and deficiencies observed in its operations during a target inspection March 10, 2015 Still in force(indefinitely)
4 Cowry Asset Management Limited and its Sponsored Individuals Suspension (Now Lifted) Failure to honour its underwriting obligation in accordance with Rule 318 (2) of SEC Rules and Regulations. August 25, 2015 Suspension was lifted on September 10, 2015
5 Standard Alliance Capital & Asset Management Ltd Suspension (Now Lifted) Complied with SEC Rules / Regulations August 10, 2015 Reinstated as Issuing House & Fund Mananger
6 Strand Capital Partners Limited and its sponsored individuals Suspension (Now Lifted) Satisfactory resolution of all complaints and issues with the Commission by the Operator. August 20, 2015 Note and deal with the Operator in line with the approval
  1. Back to Home
  2. /
  3. Enforcements
  4. /
  5. Cos. Facing Enforcement Action
  6. /
  7. C.F.E.A. (Apr, 2011 to Mar, 2015)