Frauds & Scandals

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

June 10, 2019/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The SEC’s list of soliciting entities that have been […]

SEC Suspends Oando Plc AGM

June 10, 2019/SEC The Securities & Exchange Commission (‘the Commission’) hereby notifies the public that further to the Ex-parte Order of the Federal High Court, Ikoyi Lagos in Suit No: FHC/L/Cs/910/19 In Mr. Jubril Adewale Tinubu & Anor V Securities & Exchange Commission & Anor, the Annual General Meeting of Oando Plc […]

Restore AIT/Ray Power Licenses Immediately, Follow Due Process – OPAN Tells NBC

June 7, 2019/OPAN The Online Publisher Association of Nigeria (OPAN) has called on the National Broadcasting Commission, NBC, to restore the operational licenses of African Independent Television (AIT)/Ray Power FM station which it withdrew Thursday. OPAN in a statement by President Austyn Ogannah, said the NBC decision was wrong, draconian […]