Monday, May 13, 2019 09:05AM / By SEC Nigeria / Header Image Credit: Oriental News Nigeria The Securities and Exchange Commission (the Commission), p
Monday, May 13, 2019 09:05AM / By SEC
Nigeria / Header Image Credit: Oriental News Nigeria
The Securities and Exchange Commission (the Commission), pursuant to its
powers under section 13(w) of the Investments and Securities Act 2007, on 6th
February 2019 sealed up the business premises of Dantata Success and Profitable
The company has been involved in unlawful solicitation of funds from the
public with a promise of inexplicable high returns to investors. The action
taken by the Commission was with a view to protecting investors.
The Commission has granted approval for the commencement of payment to
the investors of Dantata Success, which will be supervised by an Administrator
approved by the Commission effective 31st May, 2019 or earlier.
The Commission further warns the public to exercise utmost caution
before subscribing to investment schemes by confirming the registration status
of any company or individual and the investment products they are offering
before entering into any transaction with them.
Information about entities registered by the Commission to provide
investment services can be found here or
at any of the Commission’s offices.
Illegal fund manager – Dantata Success and Profitable Company
Issue Joint Advisory And Guidance On Mergers,Acquisitions and Other
Will Not Encourage Illicit Funds in the Capital Market- Mary Uduk, Ag DG
SEC Seals Growing Circle International Premises in Lagos
Capital Market Activities: SEC shuts down Growing Circle
Public To Beware Of Fraudulent EDIs
Corruption Index Score 2018
CBN, EFCC Meet to Tackle Economic Crimes
Collaborate to Attract Investors
Statement On Disclosure Of ESG Matters By Issuers
Issues Good Practices To Assist Audit Committees In Supporting Audit
Tasks Shareholders on Monitoring Their Investments
Will Not Prosecute Multiple Account Holders – Mary Uduk ,Acting DG