Nigeria: SEC Bans Ogiemwonyi for Life, Operating Licence Withdrawn

20 September 2017

Lagos — The Securities and Exchange Commission, SEC, yesterday, banned Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi, for life from holding directorship positions in any public company in Nigeria for unprofessional conduct in the capital market.

SEC also withdrew the operating licence of the companies, even as chairman of the company, Mr. Henry Omoragbon, was also suspended for a period of five years from engaging in capital market activities.

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