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As a popular maxim goes, once is happenstance, twice is coincidence and thrice is a pattern.
There seems to be an evolving but scandalous pattern in our stock market whereby some unscrupulous stockbrokers sell their clients shares without due authorization but for their own selfish gain.
Recently, the Economic and Financial Crime Commission (EFCC), published a notice declaring the Managing Director of a stock broking firm wanted over allegations of stealing N120 million shares belonging to one of his clients.
Stockbrokers by the nature of their profession, are gentlemen of integrity, highly respected and trusted world wide. But it has become very disturbing that a few of them seem determined to exploit the latent function of The Depository; a situation which if left unchecked is capable of eroding investor confidence in our market.
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Despite efforts by organizations, many Nigerians still hug tightly to cash for transactions; they just love the smell and feel of their money. Even among the so called "wealthy", there is a great degree of indifference about the so called cashless economy. The average Nigerian sees the idea of having all his savings on a simple plastic card with a magnetic strip as a fairy tale. |
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Leasing may not necessarily be cheaper than other forms of financing capital assets, yet it is embraced by all and sundry. Below are nine reasons why this is so. Alternative Source of Capital Financing: Leasing will provide an alternative source of financing where a company is faced with tight credit terms, bank lending restriction or other economic factors. It releases credit lines than can be used for other purposes, i.e. it allows for full use of borrowing capacity.
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