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SEC suspends Aims Asset Management over fraudulent activity

The Securities & Exchange Commission has suspended Aims Asset Management Ltd for non-refund of the sum of N300, 000.00 deposited by an investor under a Portfolio Investment Agreement.

In a statement posted on the SEC’s website, it noted that the investor deposited the sum of N300, 000.00 with the operator under a Portfolio Investment Agreement for a tenor of three years. At the expiration of the period and despite several demands, the operator failed/refused to pay to the investor the invested sum and the returns.

The statement said, “Investigation on the matter revealed that the operator invested the investor’s money in the shares of Tetrazzini Foods Ltd, a private company whose shares are not traded on the floor of the Nigerian Stock Exchange and which is not regulated by the Commission. This is contrary to the Portfolio Investment Agreement between the operator and the investor.”

“The Commission had on several occasions directed the operator to resolve the matter and upon its failure/refusal to do so, it was suspended from all capital market activities,” SEC further stated.

Ms Arunma Oteh, DG, SEC
Ms Arunma Oteh, DG, SEC

COMPLAINTS & INVESTIGATIONS

I need a genuine broker
Please I want you to introduce me to a genuine broker, to open CSCS account with my certificates. (Mackson, Warri).

Investors Forum
Sorry, we don’t recommend brokers to people. But you can obtain the list of registered stock brokers at http://www.nse.com.ng/Regulation/ForBrokers/Pages/Dealing-Members.aspx .

How do I buy bond?
I want to buy bond. What is the process of buying? (Alalafia Temitope)

Investors Forum
You need to go through a stockbroker if you want to buy bonds.

I want to dematerialise bonus certificate of Firstbank
Please sir, my broker said that my outstanding bonus share certificate can not be credited again into my CSCS account because of the Firstbank change of name. Is that true? If yes, how can they send me another certificate since I have been trying to reach them  but to no avail. (Anusiaju Victor).

Investors Forum
Contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079

No certificate or communication from Deap Capital, others
I bought 10,000 units of Nigeria Wire and Cable in 2008. But till date, I have not heard anything. The same goes with Daar Communications, Deap Capital and Linkage Assurance (Chif’ Iriri O)

Investor Forum
For your shares in Nigeria Wire and Cable, contact Wema Registrars at Plot 30, Oba Akran Avenue, Ikeja, Lagos. Tel: 01-7732181, 07028380379; or send message to enquiry@wemaregistrars.com

For your shares in Deap Capital and Daar Communications, contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079.

For your shares in Linkage Assurance, contact Diamond Securities Limited via 59, Ogunlana Drive Surulere, Lagos.

No communication from Daar Communications
I bought shares of Daar Communications seven years ago but up till now, I have not gotten share certificate or received any notice. (Oyoyo)

Investors Forum
Contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079.

No refund from Bagco, No response from Arm Fund
I bought shares of Arm Aggressive Fund, Bank PHB and Bagco during their respective IPOs. I only got certificate of Bagco, but not all my shares was allocated to me, and the remaining money I have not received. I still want to use the money to buy shares. How do I get my certificate and remaining money? (James Okoro)

Investors Forum
Bank PHB no longer exists. It has been closed by the CBN. For your shares in Arm Aggressive fund contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079 and for your Bagco investment issues, contact  Flour Mills Registrars Limited on 3rd Floor BAGCO Building, 45, Eric Moore Road, Iganmu, Surulere, Lagos. P.O Box 341 Apapa. Tel: 234-01-7732568; Email: enquiry@fmnregistrar.com

No dividend from Skye Bank, Neimeth and others    Since I bought the shares of the following companies, I have not been paid dividend or sent notice of AGM. The companies are Daar Communications, Transcorp, Neimeth, Academy Press, Tripple G. and Skye Bank

Investors Forum
For Daar communications shares, contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079.

For Transcorp, contact Africa Prudential Registrars Plc at 220B, Ikorodu Road, Palmgrove, Lagos. You can call 01-8401153, 01-8931501, and 01-4606460 or send message to info@africaprudentialregistrars.com

For Neimeth, contact Meristem Registrars Limited at 213, Herbert Macaulay Road, Yaba, Lagos. Tel: 01-2809250-4, 01-8920491-2. Email:  info@meristemregistrars.com .

For Academy Press, contact Sterling Registrars Limited, Knight Frank Building (8th Floor) 24 Campbell Street, Lagos. Tel: 234-01-2635607.

For Skye Bank, contact City Securities at Primrose Tower, 2nd Floor, 17A Tinubu Street, Lagos. Tel: 234-1-2641298, 234-1-7924462.

Dangote Sugar, where is my certificate?
I bought shares of Dangote Sugar Refinery in 2007, and since then I have not seen my certificate or heard from them. I bought it from Intercontinental Bank, Warri Branch (Blessing Ochor)

Investors Forum
Please contact Zenith Registrars Limited at Plot 89 Ajose Adeogun Street, Victoria Island Extension, Lagos.  Tel: 234-1-2708930-4. E-mail: enquiry@zenithregistrars.com

First Bank where is my dividend?
I was not paid any dividend last year by Firstbank (Feyisetan Akeeb Kareem)

Investors Forum
Please contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079.

Honeywell Flour where is my share certificate?
I bought shares of Honeywell Flour Mills since 2009. Up till now, I have not gotten certificate or invitation to AGM (Eborh Benson, Agbor)

Investors Forum
Please contact First Registrars at Plot 2, Abebe Village Road Iganmu or call 234-1-773086, 7743309, 2701078, 2701079.

I want to receive dividend in my bank account
I want to inquire if my dividend can be paid into my bank account?  The broker in charge is late, and the post office I usually receive my letters is  no longer in operation  (David Rikefe Dodoye)

Investors Forum
Yes. Contact the registrar of the company; tell them you want to do e-dividend.

No dividend from Zenith bank, 2 others
I am yet to be paid dividend by the following companies: Zenith Bank, Finbank Plc and Skye Bank. (Oni Felix A Company)

For Finbank and Skye Bank, contact City Securities at Primrose Tower, 2nd Floor, 17A Tinubu Street, Lagos. Tel: 234-1-2641298, 234-1-7924462.

For Zenith Bank, contact Zenith Registrars Limited at Plot 89 Ajose Adeogun Street, Victoria Island Extension, Lagos, Tel: 234-1-2708930-4. E-mail:enquiry@zenithregistrars.com

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