February 25, 2026/CSL Update Recent media reports suggested that President Bola Tinubu approved ₦2.8 trillion as the Federal Government’s audited liability to settle legacy debts owed to Nigeria’s power generation companies (GenCos), significantly lower than the ₦6.0 trillion figure previously claimed by the operators. The reports cited unnamed Presidency and […]
Frauds & Scandals
WARNING!!! Zenith Bank Dissociates Jim Ovia From ‘Fraudulent’ A I Investment Scheme
February 18, 2026/Zenith Bank Plc The Management of Zenith Bank Plc has advised the public to disregard videos circulating online linking the bank’s Group Chairman, Dr Jim Ovia, as endorsing an investment scheme known as Wealth Bridge. The bank issued the warning in a disclaimer statement on Tuesday signed by […]
IOSCO Announces Pre-Valentine’s Day Campaign Focused on Combating Relationship Investments Scams
February 11, 2026/IOSCO The International Organization of Securities Commission (IOSCO) announces the start of a worldwide initiative to raise awareness about relationship investment scams and the devastating effect they can have on an investor’s financial future. These scams are called various names, including romance scams, crypto investment scams, financial grooming […]
