March 2, 2021/SEC Nigeria The continued activities of Ponzi schemes have been described as a threat to the protection of investors, the functioning of a fair and orderly financial market as well as the development of the economy at large. Director General of the Securities and Exchange Commission, Mr. Lamido […]
Frauds & Scandals
SEC Awards Over $500,000 to Two Whistleblowers
March 1, 2021/US SEC The Securities and Exchange Commission today announced an award of over $500,000 to two whistleblowers whose tips revealed an ongoing fraud and resulted in multiple SEC actions and a related action from another government agency. Both whistleblowers provided substantial, ongoing assistance that conserved the agencies’ time […]
Oando Says Abuja Court Ruling Misconceived, Appeals Decision
March 1, 2021/NSE On Thursday, February 25, 2021, the Federal High Court, Abuja (under presiding Judge Giwa-Ogunbanjo), the three (3) suits between Oando PLC, (referred to as “Oando” or the “Company”), its Principals, Group Chief Executive, Adewale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo; and its Group Chief Financial […]
