Regulatory Alerts2015-12-21
Public Notice on Claims Against Mega Asset Managers Limited for Fraudulent Conversion of Client Funds
The Securities and Exchange Commission has approved compensation for 580 investors through the National Investor Protection Fund following Mega Asset Managers Limited’s fraudulent conversion of client funds. The Fund’s Board authorized the payout after its Verification Committee completed a rigorous assessment of the claims. Affected investors must visit the Commission’s Lagos and Onitsha zonal offices with valid identification, account details, and a Bank Verification Number before 23 December 2015 to claim their approved compensation.
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