SEC Nigeria Issues Circular on Corporate Governance Crisis in The Tourist Company of Nigeria PLC
action_requiredNigeria·SEC Nigeria·Wire Summary
The Securities and Exchange Commission (the Commission) has keenly followed recent disturbing developments in The Tourist Company of Nigeria Plc (TCN) championed by some majority shareholders in the company. These developments include purportedly proceeding with an Annual General Meeting which was suspended by the Commission, and passing resolutions altering the Board composition by purportedly removing SEC appointed members of the B
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