Frauds & Scandals

SEC Charges Police Chief, Four Others in Connection with Insider Trading Before Pharmaceutical Merger

June 30, 2023/US SEC The Securities and Exchange Commission today filed insider trading charges against five individuals, including a police chief in Dighton, Massachusetts, arising from trading before the announcement of a tender offer by Alexion Pharmaceuticals Inc. to acquire Portola Pharmaceuticals Inc. in May 2020. Four of the defendants […]

*SHOCKING: Arik Air Founder Sir Arumemi Johnson Still Owes AMCON Over N400billion*

June 22, 2023/InvestAdvocate From all indications, there appears to be no end to the brouhaha between the Asset Management Corporation of Nigeria (AMCON) and Sir Arumemi Johnson regarding the activities of the Receiver Manager of Arik Air Limited, Mr Kamilu Alaba Omokide FCA, a Senior Vice President at AMCON who […]

Tinubu Indefinitely Suspends EFCC Chairman Bawa

June 14, 2023 RESIDENT BOLA AHMED TINUBU SUSPENDS BAWA INDEFINITELY FROM OFFICE AS CHAIRMAN ECONOMIC & FINANCIAL CRIMES COMMISSION President Bola Ahmed Tinubu,GCFR, has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, CON, as the Chairman, Economic and Financial Crimes Commission (EFCC) to allow for proper investigation into […]