Insider Dealings in Nigeria - 2188 Words

â€Å"EXAMINE THE EFFECTIVENESS OF THE PROVISIONS OF THE INVESTMENT AND SECURITIES ACT (ISA 2007) ON INSIDER TRADING AGAINST THE BACK DROPS OF THE PROVISIONS OF THE CAMA 1990 AND THE COMMON LAW ON THE DUTIES OF DIRECTORS OF COMPANIES IN PREVENTING INSIDER RELATED OFFENCES AND PROTECTING THE INTEGRITY OF THE SECURITIES MARKET IN NIGERIA PRIOR TO AND IN THE MODERN ERA OF THE INTERNET.† SUBMITTED BY AYODELE DOYINSOLA .O LAW/2007/100 DEPARTMENT OF LAW OBAFEMI AWOLOWO UNIVERSITY ILE-IFE OSUN STATE TO PROFESSOR M.T. OKRORODUDU-FUBARA IN PARTIAL FULFILMENT OF THE COURSE â€Å"LAW OF BUSINESS ASSOCIATION† (BUL 502) Concept of Insider dealing One of the areas of company law in which the general equitable rules seem to be inadequate to protect the†¦show more content†¦The law fails to provide for express prohibitions of insider trading. The duties stated were left to the discretion of the directors to determine. It did not only fail to prohibit insider trading, but to an extent, the Act is weak with respect to protecting the integrity of the security market in Nigeria. Similarly, it fails to cover for statutory duties of other members of the company against insider dealings. Effectiveness of the Investment Securities Act The Investment securities Act, unlike CAMA make adequate provisions for the prohibition of insider dealings. Section 111 of ISA provides for the prohibition of insider dealings by insiders including officials other than the directors. The section 315 of the Act provides adequate definition of what insider dealing is and also gives a clear-cut definition of who an insider is. Similarly, Section 313 of the Investment and Securities Act provides that: ‘The Commission may, from time to time, make rules and regulations for the purpose of giving effect to the provisions of this Act and may in particular and without prejudice to the generality of the foregoing provisions, make rules and regulations- prescribing the activities which constitute insider dealings the rules governing dealings in securities by insiders and defining the term insider dealings’ The above provisions gives exclusive discretion to the commission such thatShow MoreRelatedInsider Dealings in Nigeria2178 Words   |  9 Pagesâ€Å"EXAMINE THE EFFECTIVENESS OF THE PROVISIONS OF THE INVESTMENT AND SECURITIES ACT (ISA 2007) ON INSIDER TRADING AGAINST THE BACK DROPS OF THE PROVISIONS OF THE CAMA 1990 AND THE COMMON LAW ON THE DUTIES OF DIRECTORS OF COMPANIES IN PREVENTING INSIDER RELATED OFFENCES AND PROTECTING THE INTEGRITY OF THE SECURITIES MARKET IN NIGERIA PRIOR TO AND IN THE MODERN ERA OF THE INTERNET.† SUBMITTED BY AYODELE DOYINSOLA .O LAW/2007/100 DEPARTMENT OF LAW OBAFEMI AWOLOWO UNIVERSITY ILE-IFE OSUN STATE TO PROFESSORRead MoreThe Importance of Law (Legal Back Up) to an Individual, Organization and Economy of a Country at Large2170 Words   |  9 Pagesoften said that there is no better test of the excellence of a government than the efficiency of its leaders, hence this programme; Leadership Training and Career Development is relevant in this period of the political dispensation of our country, Nigeria. I am indebted to the Almighty God who has laid it upon your hearts as youths to know the importance of good leadership. One of the major problems and serious hindrances to actualising our potentials as developing countries is bad leadership. ARead MoreA Report On Boko Haram4313 Words   |  18 Pagesextremely radical. He was opposed to the western faith which he described as Haram and the root cause of the troubles in Nigeria. He began teaching youth on the effects that western culture had on them. A number of factors were responsible for the success of Yusuf’s radicalization. At the time, Nigeria was very economically unbalanced wealth wise. This is the same case now. Nigeria is home to almost two hundred million people. According to a census, more than sixty percent of this number lives belowRead MoreMaalaysian Automobile Exports of Spare Parts to Nigeria4950 Words   |  20 PagesResearch Methodology And Design 18 5.1 Concept 18 5.2 Research Types. 19 5.3 Research Design: 19 5.4 Data Gathering Method 20 6.0 Ethical Consideration 20 7.0 REFERENCES 21 TOPIC: A study on Malaysian automobile export of spare parts to Nigeria. 1.0 COMPANY OVERVIEW: Proton The Malaysians considered the automotive industry as one amongst the most important and strategic industries when talking about the manufacturing or industrial sector. The automotive industry in the country alone isRead MoreDifferent Approaches to Corporate Reporting Regulation22097 Words   |  89 Pagescountries with a stronger reliance on external ï ¬ nance and arm’s length transactions tend to have stronger reporting regulation (both in terms of rules and enforcement) in securities, investor protection and self-dealing laws than countries with a stronger reliance on relationships and insider governance. Consistent with prior work, I also demonstrate that reporting practices in countries with stronger regulation and enforcement tend to be more transparent based on widely used transparency (or opacity)Read MoreFraud as a Negative Catalyst in the Nigerian Banking Industry5170 Words   |  21 PagesEmerging Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University, Ile Ife, Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate. It has caused many banks to collapseRead MoreFemale Genital Circumcision Female genital circumcision (FGC) is a cultural ritual that is2800 Words   |  12 Pagessafer environment for the ritual to be performed in. The goal of this essay is to know what Female Genital Circumcision is and different types of FGC and why this is performed and why it is important for outsiders to not have ethnocentric views when dealing with this. This essay also deals with why it should be medicalized instead of enforcing laws to ban this years long tradition in all African countries. When challenging female genital circumcision, we are also challenging the people who perform thisRead MoreThe Accounting Profession and Nat39077 Words   |  157 Pagescorrespondence, enquiries, contributions and research notes should be submitted to: The Editor, The Journal of Accounting, C/o Nigerian College of Accountancy, Plot 42T Bauchi Ring Road, Dogon Dutse, P. M. B. 2734, Jos, Plateau State, Nigeria. Subscription Rates: Nigeria Outside Nigeria - N1000 (Exclusive of postage) N1000 $10 (Exclusive of postage) Prof. Edet R. Iwok Editor-in-Chief iv EDITORIAL Like any other profession, Accounting is not static. It constantly responds to the dynamism ofRead MoreAbolition of Universal Banking in Nigeria - Implication for Nigerian Banks10849 Words   |  44 Pagesdomesticating the proposal and making further amendment in line with the peculiarities of their country’s financial system. In apparent response to the developments in global financial community especially the new Basel III, the Central Bank of Nigeria in a Circular No. BSD/DIR/GEN/UBM/03/025 dated September 7, 2010 gave hint to abolishing the operation of the 10-year old universal banking concept. Some of the reasons proffered by the regulatory body for the abolition include the enhancement ofRead MoreFeatures of Decision Making in a Political System2405 Words   |  10 Pagespolitical system might not be as significant in another (Lowery, Poppelaars and Berkhout 2008). Ljiphart (1999) has identified two basic types of decision making in political systems – Majoritarian; examples are the United States of America (US), Nigeria, Sweden, France, etcetera and Consensual; examples are European Union (EU), Belgium, Netherlands and Germany. This essay seeks to focus on how PA can be influenced by the different features in political systems by comparing these institutions using

Shaping Myself Through Reading And Writing - 982 Words

Shaping Myself Through Reading and Writing I might as well say, the minute I was born I was being read too by my parents. They were the type of parents that wanted their kids to be the best they could be, so reading to my sister and me was a way to promote many early skills that can help children succeed in school, work, and everyday life as they grow up. Many studies have demonstrated that reading to children has many positive effects. For example, a study was made in Rhode Island Hospital to compare two groups of eight months old – one group was read to as often as babies, while the other was not. It was shown that those who were read to have their â€Å"receptive† vocabularies (number of words they understand) increased 40 percent since babyhood, while the non-reading group increased by only 16 percent (Raisesmartkid.com). This explains that my parents were on the right track as they continued to read to us every night and even as the played audio books as we fell asleep. Once I was in elementary school at Pleasant Hill, we started learning about creative writing. Even though I was never very good at it, it improved my imagination and skills as a young writer. Accelerated Reader was another curriculum that helped me excel to reach a higher level of reading. This was a program that assessed the student s reading level and tested them on whether the students had completed reading a book and if they could answer basic questions over the plot of the story. The programShow MoreRelated Teaching Philosophy Statement Essay958 Words   |  4 PagesChildren come to school from a variety of different cultural and family backgrounds. Certain values and expectations are already implanted in their minds as soon as they walk through the classroom door. Children begin to be shaped by their environments from the time of birth and continue to be shaped as they progress through school. That is why it is so important for school to be a positive environment, one that evokes feelings of acceptance, comfort, and security. Each child is of value and ourRead MoreMy Progress as a Reader and Writer Essay1375 Words   |  6 Pageswas so nervous that my first piece of writing seemed less than mediocre as I reflected on what I had written that day. While being happy that my name was randomly chosen to be added to the class, I was very scared of this class. The last time I wrote an essay was two years ago, and before this class I had forgotten how to write one. I believe good writing requires lots of practice, and I have not practiced my writing for a long time. In addition, my reading was not even up to par since I only readRead MoreReading Is A Process Of Literate Thinking1098 Words   |  5 Pages(1b) Belief statement about reading Reading is a process of literate thinking during which an individual constructs meaning from texts in a social and cultural context. I believe reading is a vital skill and important activity for people of all ages. I grew up surrounded by books. I had parents who encouraged me from an early age to read books both with and without them, and they would read to me every night before I went to bed. They wanted to ensure that I was literate and would grow up with aRead MoreHow Language Shapes Our Personality1538 Words   |  7 PagesPersonality Can language shape our personality? Tongues we use are indispensible factors of us. If you think about it, human beings use the tool in form of language in every possible aspect of life. In school, at home, while watching TV, playing sports, reading books, at the store, even on the walk. It is also a part of one’s heritage, cultural belonging and ethnic identity. Language surrounds us from every possible direction. It would be â€Å"silly† to say it has no influence on our personality. People areRead MoreIs Google Making Us Stupid?1347 Words   |  6 Pagesof information, it begins to affect our ability to read books and other pieces of writing. Based on the topic of technology and how it has affected society’s minds, many intellectuals have both challenged and adhered to Carr’s article. Through this article, I plan to expose these articles written by Steven Pinker and Clay Shirky, that correlate to Nicholas Carr’s text; critically evaluate thei r strategy in writing, and then provide my opinion on the subject. In Nicholas Carr’s article, â€Å"Is GoogleRead MoreWhen Reflecting On What Made Me The Writer I Am Today,1672 Words   |  7 PagesPevensie kids in Narnia. And I thought that inevitably and gradually, reading is what led me to create my own universes and stories through writing. In fact, one of my first memories associated with writing was winning third place at a story competition in the 1st or 2nd grade (high prestige, I know). Writing is linked to reading, and to personal agency and action. I chose to read, and that led me to choose to write. But after reading these texts about literacy, and reflecting on my past experiencesRead More My Educational Philosophy Essay519 Words   |  3 Pagesuse many hands on activities to communicate and reach the goal that I want to reach with my students. I believe through being a â€Å"hands on† child myself, that that technique of learning is very effective, especially with the smaller children. Like Arthur E. Bestro, I also fall under the category of essentialism; I feel that the basic subjects are very important. Reading, writing, math and of course government are needed for everyday life, without knowing the basics you will be lost and takenRead More The Importance of Reading Essay1130 Words   |  5 PagesThe Importance of Reading â€Å"Why do you read all the time?† A frequently asked question of my past and I still find it repeated even now as I have entered a higher class of the educated. Whenever posed with this blatant criticism of my preferred free time activity, I simply answer with â€Å"Why don’t you read all the time?† Of course I might sound like the biggest geek that ever walked the face of the earth, but the fact of the matter is that no matter what negative stereotype is attached to thoseRead MoreEssay on My Philosophy of Teaching999 Words   |  4 Pagespurpose of education was to create a perfect city-state, while Rousseau believed that the purpose was to develop people, who freely choose good. Both of these philosophies cooperate with my beliefs; however, my beliefs do differ in some aspects. Through my philosophies covering the nature of humans, curriculum, and teaching methods I hope to better educate the students and America a better place to live. First, I believe that humans are naturally good. The environment that a child grows up inRead MoreWhy I Am I? Essay1617 Words   |  7 PagesIntroduction Who am I? Personally, I think this is an important question to ask myself to feel the gratitude of what I have gained in my life, thus far. Everybody starts somewhere, regardless the differences of nationality, race, belief, and language. These differences are what make each one of us unique. One of the popular Chinese idioms I learned in elementary school is â€Å"yÇ n shuÇ  sÄ « yuà ¡n†; basically, it means that we must not forget where the source or origin of the water but always appreciate

Wedding Toast free essay sample

Wedding Toast General Purpose: To deliver an epideictic speech Specific Purpose: To deliver a wedding toast for my sister, Candace Central Idea: Glenn is a perfect match for Candace and he will make a wonderful addition to our family Introduction 1. To those of you who may not know me personally, my name is Amy, and I am Candace’s little sister. I’d like to thank the bride and groom for welcoming us all to share with them this day that they will remember forever. I. How they met 1. As you may know, Candace and Glenn met using an online dating site.When she first told me she was going to try this I was skeptical. What do you think of when you think of online dating? Ridiculous personality questionnaires and bad, awkward first dates pop into my head. But as a sister it was my job to be as supportive as I could. We will write a custom essay sample on Wedding Toast or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2. After only a couple weeks, she told me she had been talking with someone named Glenn and that she was going on a date with him that coming weekend 3. Although I was still skeptical, I could tell she was happy and I was very happy for her.However, like any good sister would, I let her know that I’d be sitting by my phone waiting to fake an emergency for her if the date wasn’t going well. 4. Fortunately that wasn’t necessary, and the day I met Glenn I saw why. II. Glenn and the Cole family 1. The first time we met Glenn was pretty shy. He didn’t say much but as the night went on and he started to warm up I could tell that we were going to get along just fine. 2. As time went on and his relationship with my sister got more and more serious I got to know him a lot better. . After a while he started to take on a sort of brotherly role in my life. 4. I remember the day of my senior prom I got a text from Glenn as I was getting ready. It said â€Å"Be careful tonight. If you need a ride home call me. † To you that may seem insignificant, but Glenn was aware of the traditions following prom in my town and that was his way of letting me know that he cared about me enough to make sure I was safe and that he was there for me if I needed him. 5.It was then that I realized that Glenn’s loving and caring qualities were going to make a perfect addition to our family. 6. More Importantly however, he made great match for my sister because.. III. A Perfect Match for Candace 1. Candace and Glenn are the perfect opposites. 2. Glenn is quiet and shy around people he doesn’t know and Candace is wild and outgoing. 3. Glenn loves to hunt and Candace loves to make new recipes with what he brings home. 4. When Candace wanted to learn how to knit, she bought herself a how-to book.She tried to teach herself but she is more of a visual learner and couldn’t get it from the book. Glenn however learns best from a book so he read it and taught himself how to knit so he could show n Candace so she could visualize it. 5. He truly is her other half. IV. Conclusion 1. I am more than happy to admit that I was wrong to be skeptical of online dating. It couldn’t have worked out better for them. 2. So let’s raise a glass and wish these two a long and happy marriage! 3. To Candace and Glenn!