February 10, 2019/SEC A federal High court sitting in Abuja has ruled that Midland Capital Market Ltd and the Managing Director, Mr. Sam Bandi have a case to answer on allegations of falsely obtaining N40,000,000 from a client. This is a boost to the Securities and Exchange Commission’s drive to […]
Frauds & Scandals
Trouble brewing off South Africa’s Coast
February 8, 2019/Greenpeace In response to the announcement that French oil giant Total has just made a significant oil and gas discovery 175 km off the southern coast of South Africa, Greenpeace (www.Greenpeace.org) Africa’s Senior Climate and Energy Campaign Manager, Melita Steele, has said: “Greenpeace Africa strongly condemns Total’s reckless […]
SEC shuts down Dantata Success and Profitable Company Ponzi Scheme in Kano
February 6, 2019/SEC The Securities and Exchange Commission, SEC, has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities. According to a statement from the Commission, the company was shut down for carrying out investment operations that falls within fund management […]
