October 14, 2022/US SEC On October 13, 2022 the Securities and Exchange Commission announced charges against New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives for running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors. The SEC’s complaint alleges that beginning […]
Frauds & Scandals
Dangote: Our Acquisition of Obajana Cement Plant followed Due Process
*Obajana Cement PLC was incorporated in 1992 and as at 2002 had no paid up shares * Kogi State has no equity interest in Obajana Cement Plc * The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in […]
Dangote Not Involved in Kogi Assembly Fire Outbreak-Mgt
October 10, 2022/Dangote Group Our attention has been drawn to a circulating Press Statement issued by the Kogi State Government, wherein the Dangote Group was accused of allegedly sponsoring arsonists to set the Kogi State House of Assembly on fire in the early hours of Monday, October 10, 2022. The […]
