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TINE GOD NETWORKS PLC COMPLIANCE WITH FEDERAL GOVERNMENT REFORM POLICY ON CAPITALISATION. continue reading

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TINE GOD NETWORKS PLC COMPLIANCE WITH FEDERAL GOVERNMENT REFORM POLICY ON CAPITALISATION.

  • Tine God Networks PLC is a company established with a vision that God’s time is the best. The company through its investment strategies has paid out millions of naira to investors around the world as returns on their investments. The monstrous intervention of the Nigerian Government through the Security and Exchange Commission (SEC) to enforce the Federal Government Reform Policy on the issue, capitalization and consolidation in the financial sector of the economy brought about delay in the smooth operation of the company. The bankers committee was equally addressed by the Central Bank Governor on the guideline incentives to facilitate restructuring and recapitalization of banks and other financial institution in the country. The guideline stated among other things but emphasis was on the Capital base, Reserves and Paid up capital of which no bank can operate in Nigeria with a minimums paid up Capital below 25 billion naira. The Federal Government bodies involved in monitoring and regulation of banks and other financial industries in Nigeria include SEC, C.A.C, C.B.N, NDIC, NIPC, e.t.c Tine God Networks PLC was not left. SEC as the champion of the regulation of all regulators was hell-bent to temporary sealed the offices of the company demanding the company to comply with all the regulatory conditions before the company could Operate under the collective investment Scheme of the Commission Act. Continue reading
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Tine God Networks Ltd, a.k.a Tine Investments is a company limited by shares, incorporated in Nigeria under part A of the Companies and Allied Matters Act, Laws of the Federation, 2004 as a private limited liability company with Ten million share capital, divided into Ten million share of N1.00 each and with its funding power to issue debenture bonds as provided under section 161 of exchange control act of 1962 The Company has authorized the creation and issuing of monthly revolving, perpetual and irredeemable debenture bonds under the Provision of section 171 of trust deed act and section 166 of the exchange control act 1962.Read More

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