SEC says Afribank, executives manipulated 2007 public offer

•Drags Idudu, Otegbola, Ogbeha, Adigwe, Zakariya’u, Arogundade, Lawuyi, 64 others, firms to court The Securities and Exchange Commission (SEC) yesterday accused Afribank and its senior executives of manipulating the bank’s December 2007 public offer in an elaborate scheme that was deliberately designed to buy back its shares deceive the market.
Read the rest of the story on Businessday Nigeria

Added July 29, 2010
from Businessday Nigeria