₦airaland Forum

500,000 naira cash, if you dont mind, i pay in cash

ready to pay N700, 000 now

do you mind i pay N 200,000 for this bus?

Do you mind N0.8M cash and carry?

Ready to pay N0.85 m, if you agree them let make a deal

Do you mind N1.1M? ready to pay and pick it up as soon as possible

Ready to pay NI.0M for this car?

Ready to pay N0.8 m, if you agree them let make a deal

Two weeks old Nigerian used car ?
even if it is one day old , it is labelled as nigerian used car, more over it is V6 Engine. ready to pay N 500,000 cash

ready to pay N700, 000 now

I'm interested @ 1m,

What about 700k Naira?

what about N0.8M?

I'm interested @ 1m,

I am still interested in this car, why don't you agree for 700k and close the deal now?

SEC suspends 40 operators, drags 13 to EFCC
Written by Leon Usigbe & Tordue Salem
Vanguard ,Wednesday, 07 May 2008

THE Director-General of The Securities & Exchange Commission (SEC), Mallam Musa Al-Faki, yesterday told Capital Market and Banking and Currency Committees of the House of Representatives that 40 of stock market operators were suspended by the commission for sharp practices.
While 13 others with more serious offences were referred to the Economic and Financial Crimes Commission (EFCC).

The Reps are investigating the delay in the issuance of share purchase certificates by banks, the ever-piling unclaimed dividends and depositors’ funds trapped in distressed banks among other things.

The commission’s decision is coming on the heels of increase in unclaimed dividends of shareholders which has risen to N12,830,584,780.94 in February this year against the N9,329,207,291.12 as at December 2007.

The D-G also admitted that the SEC lacked competence to exercise control on companies going for IPO as there was no law covering such. He said the SEC law needed to be strengthened to give the commission the enabling power to exercise control on companies.

Al-Faki said fines and penalties were imposed on various operators during the year for breaches ranging from late rendition of returns and submission of inaccurate returns, adding that the premises of four companies that engaged in illegal capital market operation were also sealed off within the same period while the bank accounts of 37 illegal fund managers operating in different parts of the country were frozen.

Operators referred to EFCC

Operators referred to the EFCC include Riverside Trust Limited, MBA Security Limited, Morgan Trust an & Asset Management Ltd Plc, UAC Plc & Michael Adegbusi, former MD/CEO of Transglobe Investment & Finance Ltd, Wilberforce Onwuka, Akitorch Securities Ltd and Halsec Finance Ltd.

Others are Golden Guinea Breweries Ltd, Nospecto Oil & Gas Ltd, Beachgrove Securities & Investment Ltd, Asset Plus Securities Ltd, ET & T Stockbrokers Ltd and Bonkolans Investment Ltd.

Operators referred to Police

Those already referred to the Police by the Enforcement Division of the Commission include ET & T Stockbrokers Limited, Akitorch Securities Limited, Asset Plus Securities Limited, Eagle Stockbrokers Limited, Royal Trust Limited and unregistered capital market operators in Ilorin, Gombe, Minna, Aba, Kaduna and Uyo.

Others who have also been referred to the police are Thomas Kingsley Securities Limited and Chief Kingsley Ikpe, Egbune Fredrick Jibrin VS John Nsofor of GilJohn Investment Limited Espphil Investment & Trust Limited and Mr. Philip Owoseni and Philip Aduma VS Stakeholders Limited.

The four companies sealed are Tripple “S” Stockbrokers Limited, CBS Chart International Limited Exceed and Rewards Asset Management Limited and Divine Harvest International Limited.

37 illegal fund managers uncovered

Al-Faki said the Enforcement Division discovered 37 illegal funds managers operating in Lagos, Ibadan and Port Harcourt and obtained orders from IST to freeze the bank accounts of the companies.

Dealing licenses of Viva Securities Limited, Beachgrove Securities Limited, Asset Plus Limited, Riverside Securities Limited, Akitorch Securities Limited, Morgan Trust & Asset Management Limited and Jenkins Limited have been revoked by the commission.

For the Investigation Division, Al-Faki said 1,220 cases were investigated against stockbrokers and 1,876 against Registrars.

He added that the Investigation Division also received 4,739 special complaints on non-receipt of shares certificates and resolved 993 cases.

But he said the commission had 2,103 pending cases excluding special complaints being handled by a committee on non-receipt of share certificates and return monies.

The Director-General who emphasised the cooperation of the EFCC with the Commission said a total 294,985 money laundering transaction reports were forwarded to the EFCC while the SEC receives an average of five complaints per day.

Al-Faki said the Administrative Proceeding Division (APD) of the commission also decided on the financial misstatements of Cadbury accounts (2002-2004) on March 27 and 28 this year where all parties penalised were given 21 days to comply with the decision.

Similarly, the commission decided on the case of cloning and illegal sale of Nestle Nigeria Plc and Unilever Nigeria Plc shares by a syndicate group of stock brokers led by Brokolans Investments and Securities Limited.

The DG said there was no law to control companies from proceeding on public offers. “We are biting more than we can chew because we are in a sensitive sector but we are collaborating to enforce sanctions but I don’t have monopoly of wisdom and we are learning everyday,” he said.

The Committee Chairman, Mr Aliyu Wada said: “SEC should assert its authority and allow other agencies to take off from there. You are empowered to regulate the market and sanction any erring company.”

The committee then asked him to put in writing what the commission will do about Oceanic Bank and Bank PHB over unclaimed dividends and non-compliance with the law that stipulates issuance of dividend warrants one months after AGM which Oceanic Bank had flouted.


Vanguard 07/05/2008

I am interested, please let me see the pics. send it to my email maneasy1968@yahoo.co.uk

James1,
What is the lowest ?
Can you get one for meas soon as possible?

700k last

No-wonder you name originate from snake(Viper)

Viper ,
The price of Evey car you want to sell is always in millions , you never consider the poor people when pricing.
Please get born again with your price, remember the love of money is the root of all evil.
Regards

900k is what i can afford for now, if you are OK with it then let make a deal

What about 900k?

I am still interested in this car, why don't you agree for 700k and close the deal now?

viperman ,
Why do you like ti hi-jack any sale that come from a third party,
This had been your character
Please stop it, it is a bad idea,
Everybody knows you are a dealer that specialise in Autos but dont sell for somebody that want to sell .
That is my observation.
Regards

1m only

Hi
Ready to pay 700k if your are ok reply to maneasy1968@yahoo.com

Do you mind 800k?

I am still interested in this car, why dont you agree for 700k and close the deal now?

Do you mind I pay 750k CASH & CARRY

I am intrested Where can i inspect it ?

Afroil and Capital Oil shares

The Securities and Exchange Commission (SEC) has suspended Indefinitely trading in shares of Afroil Plc and Capital Oil Plc across the floors of the Nigerian Stock Exchange (NSE).

A release by SEC's Head of Media, Mr. Lanre Oloyi in Lagos, said that the suspension was a fall-out of the investigation conducted by the Commission on the activities of the two companies.

It said that the action was to protect the investing publics and warned stockbrokers to avoid trading in the shares of the companies. SEC questioned what it called "illogical and astronomical rise in the share prices of the companies'' when they were not submitting statutory reports.

The Commission said its investigation revealed that during the period of the price growth, the two companies were basically out of business. 
"The basis for continued trading and rise in the prices of their shares on the NSE no longer exists and the investing public must not be deceived,'' SEC said.

The News Agency of Nigeria (NAN) recalls that SEC had, on February 14, 2008, said it was conducting investigation into the activities of five companies, accusing some of them of insider trading and price manipulation.