FORMER MD OF IDEAL SECURITIES SUSPENDED FROM CAPITAL MARKET

The Securities and Exchange Commission has announced the suspension of Mr. George Nchendo Okafor, the former Managing Director of Ideal Securities and Investments Limited from all Capital Market activities.

The suspension, according to a notice on the Commission’s website is as a result of the serious allegations made against him by the Board of Directors of Ideal Securities and Investments Limited relating to his tenure as Managing Director of the company.

The Commission affirmed that the suspension remains in force until Mr. George Nchendo Okafor clears with the Commission all outstanding issues raised in the allegations.

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