The Securities and Exchange Commission (SEC) has insisted
that the suspension of BGL Plc, its subsidiaries and sponsored individuals from
all capital market activities still subsists, following the publication of the
BGL 50 Index in a national daily.
SEC in a notice it posted on its official website, said that
the Commission dissociates itself from the “BGL 50 Index” publication.
I would be recalled that SEC in May 2015 announced the
suspension of BGL Group Plc from all capital market operations, ordering that
Mr. Albert Okumagba, who is the Group
Managing Director of BGL Group, should cease to be a registered Sponsored
Individual with the commission following the withdrawal of the registration of
BGL Plc as a capital market operator.
The commission however further assured that it is committed
to protect investors and the Nigeria capital market.
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