Monday, September 05, 2016 5:33pm / SEC
The Commission is investigating complaints relating to the unauthorized sale of shares belonging to Alhaji Abass Bolatitio O. and 35 Ors by Fittco Securities Limited.
A preliminary investigation carried out by the Commission revealed that Fittco Securities Limited sold the complainants shares without authority and Management of the Commission has directed that the Firm, its Directors and Sponsored Individuals be invited to a meeting to explain their roles in the transaction.
Consequent upon the above, the under-listed Directors and Sponsored Individuals of Fittco Securities Limited are hereby invited to a meeting to show cause why they should not be sanctioned for violating the provisions of Rules 43 and 182A (1), (3) and (5) of the SEC Rules and Regulations.
The aforementioned meeting is scheduled to hold as follows:
Date: September 5, 2016
Time: 11.00 a.m. prompt
Venue: Securities & Exchange commission, (4th Floor Committee Room), Plot 272, Samuel Ademulegun Adesujo Street, Central Business District, Abuja
Please endeavour to go with all the relevant documents in relation with the complaints to facilitate the resolution of the matter.