June 13, 2023/SEC Nigeria Justice Ambrose Lewis Allagoa of the Federal High Court, Court 3, Ikoyi Lagos has fixed July 21st for the commencement of trial of Mr Michael Ukiye Diongoli, and his two companies, UK Dion Group and UK Dion Investment Limited on a 61 count charge of defrauding unsuspecting investors […]
Frauds & Scandals
Senator-Elect, Jimoh Ibrahim In Big Trouble: Loses Appeal To Recover His Seized Assets From AMCON
—Bank Accounts Remain Frozen Over N69.4billion Debt June 8, 2023/AMCON The Court of Appeal Lagos State Division has dismissed an appeal brought before it by Barrister Jimoh Ibrahim, the chairman of Global Fleet Group who is challenging the seizure of 12 of his assets by the Asset Management Corporation of Nigeria (AMCON), […]
SEC Charges Financial Advisor with Fraud for Stealing from Elderly Customers to Pay Personal Expenses
June 7, 2023/US SEC The Securities and Exchange Commission yesterday charged Douglas McKelvey, a former financial advisor with fraud for misappropriating more than $1.7 million from two elderly brokerage customers who were close relatives of McKelvey’s. The SEC’s complaint alleges that from June 2013 to February 2022, while employed as […]
