June 23, 2021/SEC Nigeria The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to a publication in one of the National Daily Newspapers, in which a victim of an alleged scam perpetrated by MBA Capital and Trading Limited, Misan Sagay reportedly stated that he had verified […]
Frauds & Scandals
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
June 22, 2021/US SEC The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the SEC’s order, Loci provided an intellectual property search […]
Bribery: Court sentences ex-federal lawmaker, Lawan to seven years in jail
June 22, 2021/Punch Lesi Nwisagbo The High Court of the Federal Capital Territory sitting in Apo has convicted a former member of the House of Representtives, Farouk Lawan, over $3 million bribery case and sentenced him to seven years for count 1, 7 years count 2, and 5 years for […]
