Nigerian SEC Delists The Licenses Of 84 Capital Market Operators

The Securities and Exchange Commission, SEC, on Sunday 20th December, announced the immediate revocation of the operational licenses of 84 capital market operators, CMOs, as part of efforts to sanitize the capital market.

SEC Towers, Abuja

The commission said in a statement in Abuja that the licenses of the affected operators were found to be inactive and consequently withdrawn in line with the provisions of Section 30 (1) and (2) of the Investment and Securities Act (ISA) 2007.

“The Nigerian Stock Exchange (NSE), the Chartered Institute of Stockbrokers (CIS), the Central Securities Clearing System (CSCS) Plc, all Capital Market Trade Groups, the investing public and all stakeholders are hereby directed to desist from dealing with them,” the commission said in its statement.

They included the following:

S/N	FIRM	FUNCTION(S)
1.	AIQ VENTURE CAPITAL FUND MANAGERS LTD	Private Equity Fund Manager
2.	ALLBOND INVESTMENT LIMITED	Broker/Dealer
3.	AMALGAMATED CAPITAL FUNDS LTD	Venture Capital Manager
4.	ASSOCIATED INVESTMENT TRUST CO. LIMITED	Fund/Portfolio Manager
5.	BAYHEAD ALPHA CAPITAL LTD	Fund/Portfolio Manager
6.	BLUEBIRD CAPITAL LTD	Issuing House
7.	BOSTON CAPITAL INVESTMENTS LIMITED	Corporate Sub-Broker
8.	BRICKFIELD ROAD ASSOCIATES LTD	Rating Agency
9.	CAPITAL PARTNERS LIMITED	Corporate Investment Adviser, Fund/Portfolio Manager
10.	CAPITAL STRUCTURES LTD	Portfolio Manager, Corporate Investment Adviser
11.	CIRCULAR TRUST LTD	Portfolio Manager
12.	CITI ASSET MGT LTD	Fund/Portfolio Manager
13.	CITIZENS INV. & SEC. LTD.	Venture Capital Manager
14.	CITY INVESTMENT MANAGEMENT. LTD	Broker/Dealer
15.	CONSOLIDATED INVESTMENT LIMITED	Broker/Dealer
16.	CONSULT & CAPITAL LIMITED	Fund Manager
17.	DAKAL SERVICES LIMITED	Broker/Dealer
18.	DE-CANON INVESTMENT LIMITED	Broker/Dealer
19.	DEVELOPMENT BUSINESS CO.	Fund/Portfolio Manager
20.	DOLBIC FINANCE LIMITED	Corporate Investment Adviser, Portfolio Manager, Broker/Dealer
21.	DVCF OIL & GAS PLC	Venture Capital and Fund Manager
22.	DYNAMIC TRUST & SECURITIES LTD	Fund/Portfolio Manager
23.	EAZYTRADE CONCEPT LTD.	Portfolio Manager
24.	ELYON’S ASSET MANAGEMENT LTD	Fund Manager
25.	EMI CAPITAL RESOURCES LTD	Broker/Dealer
26.	ENTERPRISE CAPITAL MGT. LTD.	Venture Capital Manager
27.	EQUINOX ASSET MANAGEMENT LIMITED	Corporate Investment Adviser, Portfolio Manager
28.	EXPRESS DISCOUNT LIMITED	Fund/Portfolio Manager, Corporate Investment Adviser
29.	FB ASSET MGT. LIMITED	Portfolio Manager, Corporate Investment Adviser
30.	FIRST MARINA TRUST LIMITED	Broker/Dealer
31.	FITTCO SECURITIES LIMITED	Broker/Dealer
32.	FLOODGATE FINANCE & SEC. LIMITED	Corporate Sub-Broker
33.	G. AKOMAS & PARTNERS	Fund/Portfolio Manager
34.	GLOBAL CAPITAL MARKET LTD.	Issuing House
35.	GLOBAL INV. & SEC. LTD.	Broker/Dealer
36.	HABITAT TRUST LTD	Fund Manager
37.	HAZONWAO ASSETS MANAGEMENT LTD	Fund Manager
38.	HONEY COMB ASSET MGT. LTD.	Fund/Portfolio Manager
39.	INDEMNITY FINANCE LIMITED	Broker/Dealer
40.	INTEGRATED CAPITAL SERVICES LTD	Issuing House
41.	INVESTMENT MONITORS LTD	Corporate Sub-Broker
42.	JUBILEE GLOBAL FUND PLC	Fund Manager
43.	KENDALL SECURITIES LIMITED	Broker/Dealer
44.	KINGSWAY SECURITIES LIMITED	Corporate Sub-Broker
45.	KOLTRON LTD	Fund Manager
46.	LOMBARD ASSET MGT. LIMITED	Fund/Portfolio Manager
47.	LYNAC SECURITIES LIMITED	Broker/Dealer
48.	MALACHAI FUNDS & ASSETS MGT. LTD	Fund/Portfolio Manager
49.	MANINVEST ASSET MANAGEMENT PLC	Broker/Dealer
50.	METROPOLITAN TRUST NIGERIA LIMITED	Broker/Dealer
51.	NCDF INVESTMENT LIMITED	Venture Capital Manager
52.	N-CHEQUE SECURITIES LTD	Portfolio Manager
53.	NICHE SECURITIES LIMITED	Broker/Dealer
54.	NICON Trustee LTD	Corporate Investment Adviser, Registrar, Trustee, Fund/Portfolio Manager
55.	NMA INVESTMENT & SECURITIES LTD	Portfolio Manager
56.	NOBLE FINANCIAL TRUST LTD.	Fund/Portfolio Manager, Corporate Investment Adviser
57.	NOVARE INVESTMENTS LTD	Fund/Portfolio Manager
58.	OCEANIC TRUSTEE LTD	Trustee
59.	OMAS INVESTMENT & TRUST COMPANY LIMITED	Broker/Dealer
60.	OMNISOURCE INTERNATIONAL LTD.	Broker/Dealer, Corporate Investment Adviser, Portfolio Manager
61.	PAN SECURITIES LIMITED	Portfolio Manager, Issuing House
62.	PEACH & PRIME LTD.	Portfolio Manager
63.	PEAK SECURITIES LIMITED	Broker/Dealer
64.	PENINSULA ASSET MANAGEMENT & INVESTMENT COMPANY LIMITED	Broker/Dealer
65.	PHB ASSET MANAGEMENT	Fund/Portfolio Manager
66.	PLATINUM CAPITAL LIMITED	Issuing House, Broker/Dealer, Fund/Portfolio Manager
67.	PRUDENTIAL SECURITIES LIMITED	Broker/Dealer
68.	SEASONS TRUST & INVESTMENT LTD	Portfolio Manager
69.	SECURITIES SOLUTIONS LIMITED	Broker/Dealer
70.	SECURITIES TRADING & INVESTMENTS LIMITED	Broker/Dealer
71.	SKYLIMIT INVESTMENT LTD	Corporate Sub-Broker
72.	SLAMAD SECURITIES LTD	Corporate Sub-Broker
73.	STOCK INVESTMENT SEC. LTD.	Corporate Investment Adviser, Fund Manager
74.	SYNERGY INV. & SEC. LIMITED	Registrars,Trustee, Corporate Investment Adviser, Fund/Portfolio Manager
75.	TARICOL INVESTMENT LTD	Fund/Portfolio Manager
76.	TREASURELINE INTERLINK LTD	Fund Manager
77.	TRUEVINE GLOBAL ASSET MGT. LIMITED	Corporate Investment Adviser, Portfolio Manager
78.	UTB TRUSTEE LIMITED	Trustee
79.	VENTURES & TRUST LIMITED	Corporate Investment Adviser, Fund Manager
80.	VILEO CAPITAL & ASSET MGT. LTD	Fund/Portfolio Manager
81.	VISA INVESTMENTS & SEC. LTD	Portfolio Manager
82.	WIZETRADE CAPITAL & ASSET MANAGEMENT LIMITED	Broker/Dealer
83.	WT SECURITIES LIMITED	Broker/Dealer
84.	ZUMA SECURITIES LIMITED                                   SADOH MS' BLOG	Broker/Dealer