The Securities and Exchange Commission (SEC), has slammed a life ban on Mr Albert Okumagba, the group Managing Director, BGL Group and his deputy, Mr Chibundu Edozie. A statement pasted on the commission’s website on Wednesday said SEC has also cancelled the licenses of Assets Management Limited and BGL Securities Ltd belonging to Okumagba.
It said the duo were also banned from ever holding office in any public company in the country. The commission said that these were the final decisions of the SEC Administrative Proceedings Committee (APC) in the matter of APC/1/2015: Rivers State Ministry of Finance & 31 Others V. BGL Plc & 31 Others.
Read more at: http://www.vanguardngr.com/2017/02/sec-bans-okumagba-edozie-life/