17/5/2017/Reuters Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group 7 billion francs ($8.5 million) for running its IT services outside the country in breach of its licence. The regulator said in a ruling posted on its website that MTN Rwanda was hosting its […]
Frauds & Scandals
SEC Says Investors with Multiple Names to Forfeit Shares, Dividends
By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said on Wednesday shareholders who buy shares and registered with multiple names will forfeit ownership of such holdings. Mounir Gwarzo, the director general (DG), of the Commission revealed this to financial market journalists at a press briefing after the […]
Dangote raises fraud alert on “Happy World Meal Gate”
May 8, 2017/Dangote Group The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food. […]
