February 27, 2026/US SEC By Paul S. Atkins, Chairman Today, the Commission amended its rules and forms under Section 16 of the Securities Exchange Act of 1934[1] to reflect and conform to statutory changes implemented by the Holding Foreign Insiders Accountable Act (the “HFIA Act”).[2] I am pleased that the Commission enacted these […]
Frauds & Scandals
GenCos Reject Presidency’s ₦2.8 Trillion Debt Settlement Deal
February 25, 2026/CSL Update Recent media reports suggested that President Bola Tinubu approved ₦2.8 trillion as the Federal Government’s audited liability to settle legacy debts owed to Nigeria’s power generation companies (GenCos), significantly lower than the ₦6.0 trillion figure previously claimed by the operators. The reports cited unnamed Presidency and […]
WARNING!!! Zenith Bank Dissociates Jim Ovia From ‘Fraudulent’ A I Investment Scheme
February 18, 2026/Zenith Bank Plc The Management of Zenith Bank Plc has advised the public to disregard videos circulating online linking the bank’s Group Chairman, Dr Jim Ovia, as endorsing an investment scheme known as Wealth Bridge. The bank issued the warning in a disclaimer statement on Tuesday signed by […]
