COMPLAINTS & INVESTIGATIONS: Why people are running from stocks – Etinagbedia

on   /   in Investors Forum 12:00 am   /   Comments

I bought 10,000 units of former Oceanic Bank Plc and 5000 of Intercontinental Bank Plc, through Professional Stockbrokers Ltd. These stocks were supposed to be transferred to Ecobank and Access Bank respectively. In my CSCS account, there is nothing.

Even my holdings in ETI has reduced and the last bonus declared by First Bank in 2011 is not reflecting in my FBN Holding Plc, and the stockbrokers have been under suspension and have deserted their office. You can see why a lot of people are running away from stocks.(Pro. J.E Etinagbedia)

Investors Forum

Investigation shows that Professional Brokers Limited is now located in Incar Building, 10, Ijora Causeway road, Lagos. You can reach them on +234 1 2668506, 2008507, 8183761, 08033031906, 08023455756

Our advice is that you contact the Registrar of Access Bank (United Securities Limited and they are located at 10, Ojikutu Street, Victoria Island, Lagos. Telephone: 01-2714566 or 01-2714567) and the Registrar of ETI (ESL Registrars Ltd, 16/A Rauf Taylor Close, Off Idego Street, Victoria  Island, Lagos ) and the Registrar of First Bank (Contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079)

Is Access Bank giving bonus to selected shareholders?

I submitted Access Bank shares certificate with 60,000 and 12,000 units for verification in 2008 through Eurocomm Securities Limited, Makurdi branch. I want to know if Access Bank only gives bonus shares to selected shareholders because I am yet to get mine. I’ll appreciate if you‘ll help me find out from them to let me know why the units are yet to be reflected in my CSCS account. I complained severally but got no replies. (Terwase Dennis Goja)

Investors Forum

Who did you complain to? The best way to know what is going on is to contact the registrars of Access Bank i.e. United Securities Limited. The contact detail of the company is located in the response for the above complainant.

Fraudulent sale of my shares

I did not ask my broker to sell my shares. So, I was surprised when I received the following transaction alert from CSCS on March 26th on my share account.  NSE-CSCS DailyTrade 26.3.13: Dear OGBEKHILU SUN. A/C-34287440 with BYTO: Sell 1,000 NB @ N163.02. Please assist me to investigate ( Sunday  .O.)

Investors Forum

Please, go to your stockbroker to confirm if indeed there was a transaction on your account. If this is true, demand that the shares be replaced. If the broker does not give you a satisfactory response, please report to the Securities and Exchange Commission via P.M.B:315 Garki Abuja Or email   sec@sec.gov.ng Or call 234-9-6330000 , 234-9-6330399

No communication from Oceanic Bank

I bought 5,000 Oceanic Bank shares in 2004. My Account number is 54419. I have written series of letters to the Registrar to no avail. Please, I want to know their contact address, and also why I have not been receiving any communication from them.  I also bought the shares of Transcorp during its public offer in 2006. I have NEVER received any dividend from the company.   (Victor. J.E. Puegeren)

Investors Forum

For your investments in Transcorp, contact the registrars of the company i.e. Africa Prudential Registrars Plc, 220B, Ikorodu Road, Palmgrove Lagos. Tel  +234-1-8401153 +234-1-8931501;  Email: info@africaprudentialregistrars.com. For your investments in Oceanic Bank contact  ESL Registrars Ltd, 16/A Rauf Taylor Close, Off Idego Street, Victoria  Island, Lagos )

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