September 5, 2023/AMCON Despite the smear campaign previous owners of Arik Air Limited had mounted especially since the change of government in the country to pitch the public against the Asset Management Corporation of Nigeria (AMCON), the leadership of the National Association of Aircraft Pilots and Engineers (NAAPE) led by […]
Frauds & Scandals
SEC Charges Private Equity Firm Prime Group for Inadequate Disclosure of Fees Paid to Affiliate
NY-based company to pay $20.5 million to settle charges September 5, 2023/IMF The Securities and Exchange Commission today charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars of real estate brokerage fees that were paid […]
AfDB Debars Beza Consulting Engineers, Gidey Gebrezgabher Gebremariam for 15 Months for Fraudulent Practices
During the debarment period, Beza Consulting Engineers PLC and its affiliates and Mr. Gidey Gebrezgabher Gebremariam will be ineligible to participate in Bank Group-financed activities September 1, 2023/AfDB The African Development Bank Group on 29 August 2023, announced the 15-month debarment of Beza Consulting Engineers PLC and Mr. Gidey Gebrezgabher […]
