Frauds & Scandals

N69.4b Debt Case Between AMCON & Jimoh Ibrahim Heads to Court Of Appeal

February 24, 2021/AMCON In a bid to recover the huge debt of nearly N70billion owed it by businessman Jimoh Ibrahim, the Asset Management Corporation of Nigeria (AMCON) has filed a Notice of Appeal at the Court of Appeal, Abuja Judicial Division following Justice Okon Abang’s ruling of Tuesday February 22, […]

Oando Shareholder Secures Court Judgement Against SEC’s Infringement on Shareholders Right

February 23, 2021 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-Patrick Ajudua, an engineer and shareholder of oil marketing major, Oando Plc on Tuesday secured a judgement against the Securities and Exchange Commission (SEC) from infringing on the fundamental rights of the company’s shareholders in a suit filed at the High Court […]

SEC Charges Two Former KPMG Auditors for Improper Professional Conduct During Audit of Not-for-Profit College

February 23, 2021/US SEC The Securities and Exchange Commission today suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New Rochelle.  The SEC previously charged the college’s […]