It is very interesting to read that shares certificates verification takes 1 month. Obviously this applies to only honest stockbrokers because I have submited uba shares certificates for verification since june 2007 and nothing has been done according to cashcraft asset management company that ismy stockbroker.
It is sad to state that most of these stockbrokers are not alive to their responsibiity and the way most of them operate make them little better than registered scam. Sell or buy orders are executed 6weeks after the order is placed if they are executed at all. Though this experience is mainly with Cashcraft I doubt if the others are different. If there is one that execute orders promptly and within 48 hours pls let me know.
It is also important to note that the NSE as a regulatory body is not alive to its responsibility. It keeps crediting itself with tremendous sucesses when in practise it is a a lame duck. For example there are companies on the stock exchange that have not declared any end of the year result for the last 3 years and yet NSE is allowing them to raise money from the capital market. What about allotment that is taking close to 1 year and yet there is no hope that buyers of this share will ever be credited -the money may even be returned-but the NSE just sat there and attributing doctored achievements to itself. We have to acknowledge if there is any achievement by the stock exchange it is due to artificial doctoring and not from market forces.

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By Festus Abu
Published: Monday, 11 Jun 2007 The Punch

A member of the Nigeria Football Association board, Dr. Peter Sigabele, has demanded a review of the contract which allows Super Eagles coach, Berti Vogts, to pilot the team from his country.

Singabele, who faulted the German’s absence at the Globacom Super Four, which ended at the Teslim Balogun Stadium, Lagos on Sunday, insisted that there was the need to expunge the aspect that conferred such powers on the coach from the contract.

“Vogts must stay in Nigeria to perform his duties,” the medical doctor told reporters in Lagos on Friday.

View the complete interview at nigerianewspaperfootball..com

What are Nigerians saying about the latest loss of the Super Eagles. View the opinion of a football technocrat at Nigerianewspaperfootball..com

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