FIVE FUND MANAGERS CEASE OPERATION IN NIGERIA

Five fund managers in Nigeria have sort and got official approval to cease operating as fund managers.

According to a notice dated Tuesday, January 29, 2019 from the Securities & Exchange Commission, the companies voluntarily asked the its approval to discontinue find management and the approval has been given.

They are HFC Capital Partners Ltd, Attai Capital Ltd; Serengeti Capital ltd, Indigo Investment management ltd, Verit Investment advisory ltd and Waxco Investment & Pension management ltd.

SEC Nigeria thus advised the investing public to deal with any of them or their as fund managers. Any one who does  be doing so at his own risk, SEC added.

The commission also took the opportunity to assure investors that it remains committed to the protection of their interest in the Nigerian capital market.

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