September 10, 2018/NSE On August 30, 2018, we made an announcement to the Nigerian Stock Exchange (NSE) and the public in respect of a fine of N250,000,000.00 (Two Hundred and Fifty Million Naira Only), imposed on Diamond Bank Plc, by the Central Bank of Nigeria (CBN), following its investigation of […]
Frauds & Scandals
MTN Seeks Judicial Intervention, Sues The Attorney General and Central Bank Over $10.1b Demand
Culled—Proshare September 10, 2018/MTN MTN (Nigeria) has filed a suit against the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation (AGF) to seek a restraining order. In a suit filed in Lagos on Monday, the telecommunications firm is seeking an injunctive relief to protect its assets and […]
SEC Charges Two Brokers With Defrauding Customers
September 10, 2018/US SEC The Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges that Florida resident Emil Botvinnik and New […]
