October 31, 2019/US SEC On October 28, 2019, a Massachusetts man charged by the Securities and Exchange Commission with misleading investors was found guilty of securities fraud and of obstructing the SEC’s investigation by a federal jury in a parallel criminal case. The SEC’s civil action remains pending. The criminal […]
Frauds & Scandals
Bank CEOs Applaud NCC on Suspension of USSD Charges by Telecom Companies for Accessing Bank Services
October 24, 2019 The Body of Bank CEOs applauds the recent notice from the National Communications Commission (NCC) announcing the immediate suspension of end-user billing for Unstructured Supplementary Service Data (USSD) services. We would like to thank the Federal Government of Nigeria for championing this action. When presented with two […]
Debt Recovery: The Judiciary Will Enforce AMCON Amendment Act 2019 – CJN
October 23, 2019/AMCON The Chief Justice of Nigeria (CJN), Hon. Justice Ibrahim Tanko Muhammad CFR has called for the enforcement of the Asset Management Corporation of Nigeria (AMCON) Amendment Act 2019. He stated that a law cannot be effective if such a law is not enforced. Justice Muhammad never faulted the […]
