Frauds & Scandals

SEC Awards More Than $16 Million to Two Whistleblowers

August 9, 2022/US SEC The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. This whistleblower also identified […]

FirstBank Branch, Head office, not Sealed

August 5, 2022/FirstBank of Nigeria Our attention has been drawn to the news reports online with the conflicting claims that FirstBank branch or/head office has been sealed. Please be informed that the referenced story is a misrepresentation of the facts and misleading. Neither our branch nor head office was sealed. […]

SEC Warns Against Unregistered Investments Crowdfunding Platforms

August 4, 2022/SEC Nigeria The Securities and Exchange Commission has again warned investors on the activities of unregistered investments crowdfunding platforms.  Crowdfunding is the process of raising funds to finance a project or business from the public through an online platform. Crowdfunding portal is a website, portal, intermediary portal, application, […]