The Prime Minister of Ethiopia immediately acted when he learnt of the incident, ordered the immediate release of the affected staff and promised to order an immediate investigation into the incident November 16, 2023/AfDB On 31 October 2023, two staff members of the African Development Bank Group based in Addis […]
Frauds & Scandals
Tracka Debunks Claims of Rehabilitation of Opo Malu Road, Saki, by Federal Controller of Works
November 14, 2023/BudgIT On November 8, 2023, Tracka issued a statement calling out the payment of N8.6 billion to twenty-six contractors for 19 projects that have either been abandoned or uncompleted, which was covered in the 2022 Project Tracking Report themed “Empowering Communities for Economic Growth.” In the statement, we […]
SEC Charges Former Co-CEOs of Tech Start-Up Bitwise Industries for Falsifying Documents While Raising $70 Million From Investors
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 […]
