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Also out are foreign exchange commissions and yoghurt drinks.
There were no stockmarkets, no private banking system, no securities and exchange commissions, virtually no mechanism for buying and selling property.
"The commission has come to the conclusion that indeed the Austrian banks used the Lombard Club to unlawfully discuss the issue of exchange commissions," the panel, which regulates the 15-nation European Union's common market, said on Friday.
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There are a stock exchange and a securities exchange commission in Lagos.
US financial watchdog the securities and exchange commission (SEC) is also looking at possible civil violations.
"The securities and exchange commission failed to spot him too," said Coffee.
US securities exchange commission rules oblige companies to make a listing once they passed this threshold.
Mary Schapiro, chairwoman of the securities and exchange commission, said it also had concerns.
The US securities and exchange commission has been running an inquiry for the past year.
They face separate civil proceedings brought by the US securities and exchange commission.
He approached the securities and exchange commission (SEC) as early as 2001.
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