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21 companies fined N30m each for operating without SEC licences
FILED: Sep 29, 2026 • 12:08 PM
wire dispatch
The Federal High Court in Lafia, Nasarawa State, has convicted and sentenced 21 companies for operating financial investment businesses without valid licences from the Securities and Exchange Commission, SEC. Justice Anyalewa Onoja-Alapa handed down the verdict after the companies were prosecuted by the Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.