There are a lot of thief now parading themselves as broker, what I will advice is to call for refund of your
money back and if they refuse you can report such broker to sec. i think sec office is somewhere around that
Adeola Odeku st in lagos and they still have some other offices in other states. You can also repot your broker to the
nigeria stock exchange.

Thanks alot, i will take your advice and forward a formal complaint to SEC and NSE.

Thanks once more

i have also experience simillar thing before. i am beginning to suspect that some of those brokers use investor money to trade among themselves.i also suspect that sometimes those broker sell their own share to the unsuspecting investor hence the reason they delay so that the price can appreciate and hence make their profit. i think something should be done to checkmate these fraudlent practices

This is just another one and it even happen in my presence. I was at one
of my brokers office where I met a guy complaining that he place a mandate
for sale of his stocks and the proceed should be used to purchase another set of stocks.
But funny enough for over amonth now his stock has been sold to buy another one became
a problem , so out of frustration he eventually asked the broker to give him his money.
But guess what!!!, My broker does not have money in their account to settle the Guy, can you
immagine that.
I am telling you there are alot of indiscipline act in nigeria capital market, and it is obvious that
a lot of nigeria stock broking firms are just carcas, most of them are in recession so shine your
eyes.