January 30, 2025/BudgIT Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has uncovered payments worth N2.4 billion to seventeen contractors for fifteen projects across nine states—yet no contractor has commenced work on these sites. Some of these […]
Frauds & Scandals
SEC Says Stecs (Alausa) Multipurpose Cooperative Society is an Unregistered Operator
January 24, 2025/SEC Nigeria The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to the activities of Stecs (Alausa) Multipurpose Cooperative Society (popularly known as Stecs), which is engaging in capital market activities by inviting the public to invest in its Stecs Commodity Mudarabah Investment Series […]
SEC Says Risevest Technologies Limited is Illegal Operator
January 29, 2025/SEC Nigeria The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to the activities of Risevest Technologies Limited, which holds itself out as a Digital Dollar/Fund Manager in the Nigerian Capital Market. The Commission hereby notifies the public that Risevest Technologies Limited is NOT […]
