SEC Suspends Heritage Capital For Unauthorized Sale of Shares Belonging to An Investor

    The Security and Exchange Commission, SEC has just issued the following press release.

    Press Release

    The Securities and Exchange Commission (“SEC”) on Wednesday December 21, 2016 suspended Heritage Capital Markets Ltd together with its Directors and Sponsored Individuals in connection with the unauthorized sale of shares belonging to an investor and its refusal to comply with the Commission’s directives in that regard.

    In view of the above, the general public is hereby INFORMED that the suspension is indefinite and shall remain in force pending the resolution of the matter against the Operator.


    Here is the list of the directors of the Heritage Capital.

    Chairman – Ibironke Mojisola Osiyemi (Chairman)

    Mr. Chidi Onyeukwu Ajaegbu (MD/CE)

    Dr Elijah Oguobi Ogbuokiri

    Prof. Emmanuel Emenyonu

    Oluseyi Olanrewaju


    1. Ibironke Osiyemi? A former ICAN president? well the sale of shares is an operational issue not strategic, still the board are vicariously liable….

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