RT Briscoe Nigeria Plc has secured the approval of the Securities and Exchange Commission to raise N10 billion in funds through a newly introduced savings and investments scheme.
On how it works, he cited an example that someone can buy 100,000 shares for N100,000 by saving over a specified period, between 18 and 24 months, while big pocket investors can activate a one-time payment on their investments. Onajide said the investment would go to a trustee approved by SEC, who will keep the invested sum with interest until the trustee calls a meeting of all subscribers to decide if their money is to be converted into Briscoe shares or not.
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