Frauds & Scandals

N5trillion Debt: AMCON Urged to Declare Public Officials on Debtor List Bankrupt

November 30, 2019/AMCON A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun has challenged Asset Management Corporation of Nigeria (AMCON) and Judges of the Federal High Court of Nigeria (FHC) to leverage the 2019 Amended AMCON Act and declare AMCON obligors who are holding public office bankrupt. […]

SEPLAT Refutes Allegations in Newspaper Publication Against Roger Brown Newly Appointed CEO

November 29, 2019/NSE The Company’s attention has been directed to the recent publication by the Guardian newspaper of 28th November 2019 (the Publication) alleging that the appointment of Mr. Roger Brown negates the provisions of the Nigerian Oil and Gas Industry Content Development Act, 2010 (the Nigerian Content Development Act). As […]

SEC Halts Penny Stock Scheme Targeting Seniors

November 27, 2019/US SEC The Securities and Exchange Commission today announced that it has filed an emergency action and obtained an asset freeze against the operators of a South Florida-based investment scheme that defrauded over 100 retail investors, many of whom are seniors. Two of the defendants charged were previously barred by […]