Ponzi: SEC blocks operators’ accounts with over N1bn

N1.22bn real estate properties under investigation     Following its sustained clampdown on operators of illegal investment programmes, the Securities and Exchange Commission (SEC) has successfully blocked some bank accounts with over N1 billion. Disclosing this yesterday in Lagos, the Acting Director General of the commission, Ms. Mary Uduk, put the number of accounts under caution at four. Uduk, who reviewed the activities of the commission in 2019 and also gave an outlook for the current year, equally put the value of real estate properties under investigation at N1.22 billion.…

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Uduk: SEC committed to staff welfare

Staff of Securities and Exchange Commission, SEC, have been assured that the management of the commission was interested in their welfare in a bid to ensure they are dedicated to their duties. Acting Director General of SEC, Ms. Mary Uduk, stated this at the Ground Breaking Ceremony of the SEC Staff Housing Project being driven by SEC Multi-purpose and Co-operative Society. Uduk expressed excitement at the commencement of the project and hoped  it would be completed in record time. The DG said when people work in an organisation, they look…

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SEC leveraging on technology to cut transaction costs –Uduk

Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, in this interview speaks on state of the nation’s capital market and efforts of the Commission to boost investor confidence, Chris Ugwu reports   What are the initiatives SEC is implementing to boost investor confidence? We are doing a lot to boost investors’ confidence in our market. But I want to say that both local and foreign investors are very good for the market. For instance the foreign investors, because they trade their shares all of the time…

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