November 17, 2022/CSL Research A Punch news report says the federal high court, Lagos Judicial Division, on Tuesday, issued an order of interim injunction restraining the Federal Government from executing the proposed establishment of the national carrier – Nigeria Air. The Minister of Aviation, Hadi Sirika, in response, said no […]
Frauds & Scandals
SEC Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering
November 14, 2022/US SEC The Securities and Exchange Commission today announced charges against Massachusetts resident Adrian J. Kawuba, alleging that he conducted a fraudulent offering of securities. The SEC has obtained emergency relief in court, including a temporary restraining order and asset freeze against Kawuba. Kawuba allegedly raised approximately $2 […]
SEC Charges S&P Global Ratings with Conflict of Interest Violations
November 14, 2022/US SEC The Securities and Exchange Commission today charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. The SEC’s order finds that an issuer engaged […]
