Individual decision · SEC · 29 Jan 2020

Public Notice on Penalties and Ban Expiration for Adekunle Alli

The Commission formally announces that the penalties and bans previously imposed on Adekunle Alli have expired following related adjudicative panel decisions involving BGL Group, Rivers State Ministry of Finance, and Afolabi Gabriel Oluwaseyi. This expiration lifts the regulatory restrictions originally established under APC/1/2015 and APC/1/2016, thereby restoring the individual's full compliance standing. Market participants are accordingly notified that Adekunle Alli is no longer subject to the specified prohibitions and may resume unrestricted operations.

NigeriaSecurities and Exchange Commission Nigeria

Sequel to the Commission’s APC decision in respect of BGL Group in APC/1/2015:
RIVERS STATE MINISTRY OF FINANCE & 31 OTHERS V. BGL PLC & 31 OTHERS and APC/1/2016:

AFOLABI GABRIEL OLUWASEYI & 9 OTHERS V.

BGL SECURITIES LTD & 22 OTHERS, the Commission hereby informs the general public of the expiration of penalties/ban issued on the following individual:

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