SEC investigates Transglobe Investment over NGN300 Million Complaints

Transglobe Investment

Transglobe Investment & Finance Company Ltd and its board of Directors has come under the investigation of the Securities and Exchange Commission.

The Securities and Exchange Commission has disclosed that it is investigating various complaints against Transglobe Investment & Finance Company Ltd

The Commission said “In a bid to resolve the complaints, the Commission had exchange several correspondence with your company through the Managing Director, but your company has failed to resolve the complaints”.

Revealing some details abou the investigation, the SEC said “As at July 2016, there are 5 unresolved complaints still pending against your company involving over NGN300, 000,000.00”.

In view of your position as Directors and sponsored individuals of Transglobe Investment & Finance Company Ltd, the Commission hereby invites you to meet with its officers in order to deliberate on ways of resolving all the outstanding issues.

S/N DIRECTORS NAMES OF SPONSORED INDIVIDUALS
1 Osita Ignatius Odili

 

Product
Solutions Nigeria Limited
2 Obasola Alao

 

N.O. Mba
3 Bariu Abdul Gaffar

 

Obong C.U.Nyong
4 Sunny Obidiegwu

 

Sunlife Investment Limited
5 Clement Obineze Maduako

 

Dr.S.C.Okolo
6 Alex Ekwueme

 

Chief I.A.Idamiebi-Brown
Kene Paper Mills Limited
Chief B.I.Anumba
Chief J.U.Obidegwu

The Directors of Transglobe Investment and Finance Company Limited are required by the SEC to appear before it as follows:

Date:               Wednesday, 18th January, 2017

Venue:             4th Floor, Commission’s Head Office, Plot 272 Samuel Adesujo Ademelegun Street, Central Business District, Abuja

Time:                11 am