November 6, 2018/NSE It has come to the notice of the Board of Directors and Management of Great Nigeria Insurance Plc (‘GNI Plc.”) that the House of Representatives Sub-Committee on Capital Market (“The Committee”) issued a statement on Monday November 5, 2018, threatening to authorize the Securities and Exchange Commission […]
Frauds & Scandals
SEC Obtains Final Judgment Against Two Nevada Companies for Their Role in a Pyramid Scheme
November 6, 2018/US SEC On November 2, 2018, the SEC obtained default judgments against two entities, TelexElectric, LLLP and Telex Mobile Holdings, Inc., which were both named as relief defendants for the purpose of recovering ill-gotten gains that the entities received from TelexFree, LLC in connection with the TelexFree pyramid […]
Nigeria’s Antigraft Agency, EFCC, Removes Benedict Peters from ‘WANTED’ LIST
November 6, 2018/Aiteo Group The Economic and Financial Crimes Commission (EFCC), has conformed with the order of Nigeria’s High Court, directing the removal of the name of the Executive Vice Chairman of Aiteo Group, Benedict Peters, from its list of wanted persons. This action confirms EFCC’s compliance with the judgment […]
