September 14, 2021/CBN In line with our continuing close surveillance of our financial markets in general and the FX market in particular, the CBN wishes to remind all banks that it is their responsibility to not only Know their Customers (KYC requirements) but also Know their customers’ business (KYCB requirements). […]
Frauds & Scandals
SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets
Companies to Pay More Than $539 Million in Settlement for Distribution to Investors September 13, 2021/US SEC The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering […]
N70billion AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping
September 11, 2021/AMCON From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it […]
