The Nation Newspaper

Tag: Okoye

  • SEC suspends Elyon’s Asset, Okoye, others

    Securities and Exchange Commission (SEC) has suspended Enugu-based capital market operator, Elyon’s Asset Management Limited and its directors and staff from all capital market operations. The suspension, which took effect on February 12, is indefinite.

    A circular released yesterday by SEC indicated that Elyon’s Asset was suspended for breach of extant capital market rules and regulations.

    With the suspension, Elyon’s Asset, its directors and sponsored individuals-staff registered for capital market operations, will not be able to undertake any activities relating to capital market until further notice.

    While the brief circular from SEC did not elaborate on the suspension, The Nation’s check that Elyon’s Asset had been operating with expired fidelity bond for the past six years among other breaches. The company was first registered on July 3, 2006 and its fidelity bond of N50, 000 expired on July 21, 2009.

    The Nation’s check also indicated that those that the directors of the firm that have been suspended included Mr. Obinna Okoye and a compliance manager, Mrs Anuili Ilechukwu. Elyon’s Asset was listed as a fund manager by the SEC website.

    However, Elyon’s Asset, which indicated it has four offices in Lagos, Abuja, Enugu and Awka, stated that the company operates comprehensive capital market operations including stockbroking services, portfolio management, personal fund management, equity research and financial advisory.

    The company’s website also indicated that it engages in several money market operations and other financing and training activities. According to the company, it offers tailor-made products and services across a broad spectrum of financial services including commercial paper investment, fixed tenor deposit, call investment, trade and commodity financing, asset-based lending, project management and property development, corporate consultancy, LPO and other short-term finance, training, fiduciary products and venture capital and joint venture operations.

    According to Elyon’s Asset, it provides equity participation for the purpose of investment in viable business organisations which are limited by inadequate funding.

  • Will Lola Omotayo and Peter Okoye seal their love this year?

    THEIR much-vaunted conjugal merger is one union the cream of the entertainment world and high society has been waiting impatiently for in the last three years. Since the news of their relationship became public knowledge, after gifting Peter, the other half of singing sensation, P-Square, two kids some years back, sweet looking Lola Omotayo, does not pretend about it any longer. As such, it was generally assumed that theirs would be one wedding that would make the society creak at the eaves. But how wrong they were! Though a lot of people were expecting the beautiful lovebirds to formalise their romance few years ago, it didn’t happen. The wait is becoming rather unbearable for fans of P-Square and friends of Lola. The question on the lips of many at the moment, is when would Lola drag Peter to the alter if he is still prevaricating? Or is she deliberately taking her time as a close friend of hers suggests? No doubt, with her striking, lovely looks and uncomplicated elegance, Lola is never going to be short of admirers though she is not getting younger again. Many of her close friends are hopping that the love birds will tie the knot before this years runs out.