Nospetco, Sefteg etc are not registered Fund Managers, says SEC
Security and Exchanges Commission (SEC) is the apex regulator of the Nigerian capital market. The commission recently issued a public notice, listing the registered as well as illegal fund managers:
The Securities and Exchange Commission hereby informs the investing public that the following companies and the funds they manage are not registered with the Commission.
Efforts are being made to ensure that capital market operators registered with the Commission for one function and performing other functions are brought to book.
S/NO NAME OF FUND MANAGER HEAD OFFICE LOCATION
1 SEFTEG Nig. Company Lagos
2 Wealth Zone Ltd Lagos
3 Wilamas Ventures Lagos
4 Money Field Ltd Lagos
5 Nospetco Oil and Gas Ltd Lagos
6 Standard Chartered Securities Ltd Lagos
7 The Brokers Ltd Ibadan
8 Treasure Line Interlink Ltd Ibadan
9 GoldPower Unique Services Ltd Ibadan
10 Fantastic Options Ltd Ibadan
11 Wealth Solution Ltd Ibadan
12 Divine Success Ibadan
13 Silver Trust Ltd Ibadan
14 Toddering Enterprises Ibadan
15 Spring of Wealth Ltd Ibadan
They then went on to list 67 registered Fund Managers.
Popularity: 2% [?]
Aug 2nd, 2007 at 10:26 am
SEC have spoken!!!
How about the CAC that registered the companies? What was in the document and what did they say was their line of business?
Come to think of it, Is it not about race for survival that SEC is on? Since, the ‘wonder people’ are taking the wonders away from the conventional Managers registered with SEC.
You guess is as good as Mine.
Sep 30th, 2007 at 6:30 pm
So what about the monies deposited in these wonder banks? Are investors going to get there monies back.
Samuel
Sep 30th, 2007 at 7:03 pm
That would depend on the relevant government agencies and what the law books say.
Dec 19th, 2007 at 4:04 pm
where is treasureline interlink limited now and what will happen to those of us who invested in that miracle bank. i fill that sec. should comply them to give us our capital if we see no profit
Jan 31st, 2008 at 12:53 pm
To whom it may conern, i want to know what will happen to the deposited before this public notice.
The law enforcing agent should ensure that the listed above companies return the moniy collected from the people out there. baned them without returning people’s money doe not helping the situation and the progress of a Nation.
Please!!!!!!!!! We learnt that their money are still with banks why can’t Government take anecessary action and ensure that every individual get their money back.
Anticipating
S.O
Feb 11th, 2008 at 3:45 pm
please all i need to know is if our money we put in treasureline interlink ibadan is going to be refunded back to us and when it is going to be refunded… i mean we are kept in the dark here and we dont even know whats happening anymore. i heard about treasure link having a website”www.treasurelineinterlink.com” and i have tried checing the website but there is nothing on it. So please i want to know wats going on???
Feb 17th, 2008 at 7:25 am
Is there any hope for anybody that invest on all this moneymanagers ? What i mean is that would they get thier money back?
Feb 28th, 2008 at 3:40 pm
what about positive movement international, it is not included in the list.
Mar 28th, 2008 at 10:56 am
what will happen to the fate of those of us that bought slots into treasureline interlink in ibadan?the phone numbers to which we can reach them is permanently switched off for obvious reasons.sometime ago i wasted money from the north to submit the photocopies of the evidence of my payment into the “fraudsters” organisation, yet nothing still.
what are you doing on our plights.
Jun 3rd, 2008 at 3:59 pm
how to go about it and details of all
Jul 12th, 2008 at 3:08 pm
Honestly,i dont know how to describe the havoc wrecked on the helpless nigerians by these wonder banks. Whatever the case however,let them return the peoples’money!
Jul 14th, 2008 at 1:53 pm
Honestly its sad that things turned out this way. But if investors monies are still in the bank, NDIC should be instructed to pay investors with evidence of payment.
Jul 30th, 2008 at 5:17 pm
From the website of Treasure line interlink ltd. Apublication was made to the fact that they are government recongnised. Plkease verify thanks
Jul 30th, 2008 at 5:57 pm
@ Oguori, They can make any claims on their website (if indeed that’s their authentic website) but you still need to do due diligence before committing your money to their scheme. Why not check with the Security and Exchanges Commission (SEC) yourself?
Aug 15th, 2008 at 11:21 pm
Sep 4th, 2008 at 8:03 pm
i will be so much delighted if the period when our money will be paid to us can be known so that the tension on us can be reduced to avoid untimely collapse from nigerians.
Oct 4th, 2008 at 10:09 am
For sefteg and others,I can manage to understand. But for NOSPETCO I am still trying to. This company operated for about 3 yrs before this mishap and there were no problems. There are also physical evidences of what they do with the funds - chemical supplies (at least I see their trucks). Is it out of place if the company is also into Forex, etc?
Mr. Oluniyi David Ajao, you mentioned due dilligence to Oguori. Perhaps you are not aware that some of the investors into NOSPETCO are top professionals in the different fields of commerce who most probably did their home-works before commiting their life-savings. My major concern is that the relevant agencies have kept investors in the dark. People who have invested heavily could die of heart attack. Let the Govt. act fast. Its over a year now.