Stanbic IBTC Gets SEC Approval To Surrender Venture Capital Licence

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The board of Stanbic IBTC Holdings Plc, on Friday said it has received a “No Objection” from the Securities & Exchange Commission (SEC) to voluntarily surrender its venture Capital Management licence of its subsidiary.

In a notice to the Nigerian Stock Exchange (NSE) by Chidi Okezie, its company secretary, the group stated that the said subsidiary- Stanbic IBTC Ventures Limited, “does not have any Venture Capital obligations with any of its clients.”

It also assured that the surrender of its licence would not impact negatively on the group as “SIVL will still continue to operate as a going concern.”

https://investdata.com.ng/2018/09/stanbic-ibttc-gets-sec-approval-to-surrender-venture-capital-licence/

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