Fast food companies, Limited liability companies, Federal High Courts, Securities and Exchange Commission (SEC), Banks, Assets, Directors, Police, Fraudulent activities, Text messages

PM News . 07 December 2010 . Pg 8

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The Securities and Exchange Commission (SEC) has taken over the management of Big Treat, a Nigerian fast food company, due to alleged fraudulent activities and financial irregularities. The company's directors and agents have been restrained from withdrawing money from its accounts, and the Inspector General of Police has been directed to provide adequate protection for the company's assets nationwide. The takeover was ordered by a Federal High Court following a suit filed by the SEC against Big Treat and three of its directors. The court also restrained the directors and their agents from withdrawing money from the company's accounts.

Summary

Summary may not be accurate; generated by machine learning.

The Securities and Exchange Commission (SEC) has taken over the management of Big Treat, a Nigerian fast food company, due to alleged fraudulent activities and financial irregularities. The company's directors and agents have been restrained from withdrawing money from its accounts, and the Inspector General of Police has been directed to provide adequate protection for the company's assets nationwide. The takeover was ordered by a Federal High Court following a suit filed by the SEC against Big Treat and three of its directors. The court also restrained the directors and their agents from withdrawing money from the company's accounts.