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SEC summons directors, sponsored individuals of Transglobe Investment & Finance Company

by Editor

January 5, 2017 | 12:00 am
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The Securities and Exchange Commission (SEC) Nigeria has summoned the directors and sponsored individuals of TransGlobe Investment and Finance Company Limited to a meeting over five unresolved complaints still pending against the company involving about N300million as at July 2016.

The directors of the company as stated by the SEC are: Osita Ignatius Odili, Obasola Alao, Bariu Abdul Gaffar, Sunny Obidiegwu, Clement Obineze Maduako, and Alex Ekwueme.

The invited sponsored individuals of the company are: Product Solutions Nigeria Limited, N.O. Mba, Obong C.U. Nyong, Sunlife Investment Limited, S.C. Okolo, I.A. Idamiebi-Brown, Kene Paper Mills Limited, B.I. Anumba, and J.U.Obidegwu

The SEC in a recent public notice said in a bid to resolve the complaints, the Commission had exchanged several correspondences with the company through its Managing Director, “but your company has failed to resolve the complaints.”

“In view of your position as Directors and sponsored individuals of Transglobe Investment & Finance Company Limited, the Commission hereby invites you to meet with its officers in order to deliberate on ways of resolving all the outstanding issues,” SEC stated.

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by Editor

January 5, 2017 | 12:00 am
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