December 6, 2019/US SEC The Securities and Exchange Commission today announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries. The bribes netted Ericsson hundreds of millions in profits. To […]
Frauds & Scandals
Corruption in Nigeria: Patterns and Trends
December 6, 2019/NBS Scope of bribery Bribery in Nigeria is slightly less prevalent than three years ago Out of all Nigerian citizens who had at least one contact with a public official in the 12 months prior to the 2019 survey, 30.2 per cent paid a bribe to, or were […]
Man, 19 Docked, Convicted of Capital Market Fraud
December 3, 2019/SEC A 19-year-old man, Damilola Balogun has been docked and convicted of capital market fraud. Balogun who hails from Kogi state, was arraigned on a one count charge of impersonation contrary to Section 179 of the Penal Code Law, Chapter 89 before Magistrate Ibrahim Mohammed of Senior Magistrate Court […]
