Day: May 23, 2018

IST Orders FCMB To Pay Stockbroker N989m

The Investments and Securities Tribunal, Abuja, on Wednesday ordered First City Monument Bank Plc (FCMB) to pay N988.5 million to a stock broking firm after a decade long dispute. Valueline Securities and Investments Ltd, who brought the bank before the tribunal, said the debt was from shares purchase fund allegedly misappropriated in 2008 by the…