Frauds & Scandals

SEC Charges Issuer With Conducting $100 Million Unregistered ICO

June 4, 2019/US SEC The Securities and Exchange Commission today sued Kik Interactive Inc. for conducting an illegal $100 million securities offering of digital tokens.  The SEC charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws. As […]

Oando Frowns at Unofficial Company News Circulating in the Media

June 4, 2019/NSE Our attention has been drawn to an unsigned document circulating online addressed to the Securities and Exchange Commission (SEC) and allegedly from the Chairman of Oando PLC (the ‘Company’ or ‘Oando’). We would like to use this medium to inform the general public that the Company has […]

Oando: FHC Grants Interim Injunction Restraining SEC, Mutiu Sunmonu from Executing Sanctions

June 4, 2019/NSE Monday June 3, 2019 the Federal High Court of Lagos under presiding Judge C M A Olatoregun granted Oando PLC’s (referred to as “Oando” or the “Group”) Group Chief Executive, Adewale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo, an injunction pending the hearing and determination of […]