Showing posts with label Nigerian Stock Exchange; Capital Market; Private Placement Scams. Show all posts
Showing posts with label Nigerian Stock Exchange; Capital Market; Private Placement Scams. Show all posts

Thursday, December 22, 2016

₦700 Billion Trapped In Private Placement Scams

• Investors seek probe of defaulting firms • SEC dissociates self from offers, warns public
Investors in Nigeria’s capital market say ₦700 billion have been trapped in private placements by firms. They urged industry regulators to wade into the perceived scam.