December 18, 2025/CSL Update The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches and weak financial conditions that rendered both institutions unviable. The revocations took effect on 15 December 2025 and […]
Frauds & Scandals
SEC Sues Former Executives of Arizona-Based Company for Accounting and Disclosure Fraud
December 17, 2025/US SEC On December 15, 2025, the Securities and Exchange Commission charged Fred W. Wagenhals, Robert D. Wiley, and Christopher D. Larson, three former executives of Scottsdale, Arizona-based Ammo, Inc. n/k/a Outdoor Holding Co., with accounting and disclosure fraud. According to the SEC’s complaint, Defendants Wagenhals and Wiley […]
A Nation on Alert: Is FIRS’ Xpress Payments Move Consolidating a Revenue Cartel?
December 8, 2025 By Blaise Udunze Nigeria’s national mood is tense. The country is facing economic hardship, insecurity, public distrust in institutions, and an increasingly widening gap between citizens and their government. Yet, in the midst of this fragility, a quiet administrative action by the Federal Inland Revenue Service (FIRS) […]
