All Bitwise personnel lost their jobs in May 2023 when the scheme was exposed November 9, 2023/US SEC The Securities and Exchange Commission today announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about […]
Frauds & Scandals
Tracka Uncovers N8.6bn Paid to ‘No-Show Contractors’ in the 2022 FG Budget
Image Credit: BudgIT November 8, 2023/BudgIT Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has uncovered N8.6 billion payments to twenty-six contractors for 19 projects across nine states that have either been abandoned or not done. Some […]
Open Alliance Expresses Concern Over N2.17trn Supplementary Budget Approved by the National Assembly
November 6, 2023/BudgIT Open Alliance, a coalition of civil society organizations working to improve openness and accountability in government, wishes to express deep concern and sadness over the recent passage of the N2.17 trillion supplementary budget by the National Assembly. The supplementary budget, which is usually intended to address urgent […]
