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SEC cautions potential investors against `high returns fraud schemes

SEC cautions potential investors against `high returns’ fraud schemes SEC gave the advice at a webinar meeting with title `The ABC of Savings and Investment in Abuja’. ADVERTISEMENT The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns. Tunde Kamali, the Head, Investor Education of the Securities and Exchange Commission (SEC), gave the advice at a webinar meeting with title `The ABC of Savings and Investment in Abuja’. Mr Kamali expressed regrets that fraudsters usually attracted their investors through offers of commissions, pressure tactics, and fictitious track records, among others.

FEC approves N10 5 billion for Airport Management Solution for Lagos, 4 other international airports

The Federal Government is scheduled to meet with telecommunications operators and other key stakeholders in the sector over the recent court judgement which stopped the government from going on with its earlier plan to disconnect SIM cards not linked to National Identity Numbers (NIN) by April 6. The meeting which is planned to hold before the expiration of the deadline is to consider the recent court ruling and look at available options. According to a report, officials of the Federal Ministry of Communications and Digital Economy and operators in the telecommunications sector confirmed that the government was making progress with the NIN enrollments and its linking to SIM cards.

Greenwich Merchant Bank Appoints Rotimi MD/CEO

Greenwich Merchant Bank Limited, a financial services provider with focus on high-end financial products and services to select clientele in targeted sectors of the economy, has announced the appointment of Mr. Bayo Rotimi as its new Managing Director/Chief Executive Officer. He joined Greenwich Merchant Bank with over 27 years’ experience as an investment banking professional; having previously worked at Fountain Trust Merchant Bank, Lead Merchant Bank and FCMB Capital Markets Limited, where he rose to the position of Chief Executive Officer in 2008 before leaving to establish his own boutique Investment Banking Firm. He was, until recently, the Chairman of the Investment Committee of ARM’s Discovery Aggressive Growth, Ethical, Money Market, Fixed Income and Eurobond Funds with over N110 billion under management.

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