Court convicts 21 firms of operating illegal investment schemes, imposes N630m fines
The Federal High Court in Lafia, Nasarawa State, on Monday, convicted 21 companies of operating without licences from the Securities and Exchange Commission (SEC). Trial judge Anyalewa Onoja-Alapa sentenced the companies to a N30 million fine each, totalling N630 million, and ordered them “to pay N...
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Verified on Sep 28, 2026