Frauds & Scandals

NSE Says STACO, IEI, FTNCOCOA, UNION DICON, 9 Others Default in Quarterly Filing

July 9, 2020/NSE The Nigerian Stock Exchange (“The Exchange”) hereby informs the general public that the companies listed below have failed to comply with The Exchange’s directive to issue a Press Release as set forth in the Deficiency Filing Notice (DFN) issued to them. The above listed companies’ Unaudited Financial […]

AMCON Takes Over Assets of Deap Capital Management & Trust Ltd. Over N1.6Billion Debt

July 8, 2020/AMCON Riding on the order of Hon. Justice J.T. Tshoho (as he then was) of the Federal High Court, Lagos division, which granted the Asset Management Corporation of Nigeria (AMCON) judgment against Deap Capital Management and Trust Limited, Hon. Justice A.M. Liman further granted the Corporation leave to […]

American Multinational Abbot Laboratories faces multimillion-dollar lawsuit over contract compliance with African Covid-19 Test Kits

The inability of Abbott Laboratories to execute orders and to deliver came at the expense of African companies causing financial loss and damage to their reputations July 8, 2020/Centurion Law Group Centurion Law Group (https://CenturionLG.com/) has been engaged to institute legal action against American multinational health care company Abbott Laboratories […]