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 […]
Frauds & Scandals
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 […]
SEC Charges President/CCO of Prophecy Asset Management Advisory Firm with Multi-Year Fraud
November 2, 2203/US SEC The Securities and Exchange Commission today charged John Hughes, president and chief compliance officer of registered investment adviser Prophecy Asset Management LP, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors. Prophecy Asset Management advised multiple hedge […]
