Nigeria’s Exchange Commission Shuts Oxford Group Over Alleged Capital Market Violations

The Securities and Exchange Commission has sealed off the premises of Oxford International Group, Farmforte Agro-Allied Solutions Limited as well as Vektr Capital Investment/Vektr Enterprise for alleged illegal involvement in capital market activities.
The commission says the offices of the companies in Lagos, Port Harcourt and Abuja were shut down for carrying out investment operations that fall within the ambit of fund management without registration with the apex regulator contrary to the provisions of the Investments and Securities Act, 2007.
The commission strongly advised members of the public to always confirm from it whether an entity providing investment services had been duly registered and whether the investment schemes are authorised by the Commission.