Friday, November 13, 2015
- AVON CROWNCAPS & CONTAINERS (NIG) Plc: The company has notified the Exchange that the "it has changed its Registrars from BOI Investment & Trust Company Limited to PAC Registrars" Limited with effect from October 27, 2015.
- SKYE BANK Plc: The Bank has notified the Exchange that it received a letter dated November 6, 2015 from the Central Bank of Nigeria (CBN) wherein the CBN imposed a penalty of N4bn on the Bank for failing to render appropriate returns on some MDA moneys as required by the CBN’s communication dated October 14, 2015. The Bank however has clarified that it did not at any time conceal any information from the CBN as adjudged in its letter. According to the Bank, a significant portion of the moneys for which the penalty was applied are NNPC Pension Funds and National Assembly Legislative Aides account balances. These organs have since been confirmed by the CBN that they are exempted from the TSA based on the nature of their operations and amounts erroneously transferred to the CBN on them by some banks have been refunded. The Bank has commenced engagement with the CBN with a view to bringing these issues to their attention and seeking a review of the penalty imposed and will continue to update The Exchange with developments on the matter. The Bank assured the public that it is a responsible and law abiding financial institution that places premium on compliance with legal and regulatory requirements.
- EQUITY ASSURANCE Plc: The company has notified the Exchange of the appointment of Mr. Almamy K. Timite and Mr. Karim-Frack Dione as directors with effect from 29 October 2015.
- JULIUS BERGER Plc: The company has notified the Exchange that it has on March 24, 2015, established a wholly owned subsidiary, Julius Berger Free Zone Enterprise, for the purpose of "executing the business activities of the Julius Berger Group in Free Trade Zones." The board of directors and the executive management of the company reiterated their confidence that this strategic business direction would achieve a sustainable increase in the company's "efficiency and responsiveness, as well as set the business for a future of long lasting success.
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