December 28, 2021/SEC Nigeria The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the electronic and WhatsApp messages being circulated to investors on behalf of Poyoyo Investment (PILVEST) Nigeria Limited. The electronic message indicates a proposal to investors to invest in guaranteed investments with the […]
Frauds & Scandals
SEC Charges Four in Connection with Fraudulent Oil and Gas Offering
December 27, 2021/US SEC The Securities and Exchange Commission charged Timothy Burroughs, Jay Holstine, John Griffin, and Michael Oswald Williams for their respective roles in raising approximately $3.2 million from approximately 50 investors through the fraudulent and unregistered offer and sale of interests in two oil and gas joint ventures […]
Seplat Energy Terminates Contract of Appointment of Austin Avuru
December 23, 2021/Seplat Energy Plc The Board of Seplat Energy announces that it terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22nd December 2021, due to breaches of the Company’s corporate governance policies and his fiduciary duties. The Board has called for his resignation as […]
