Frauds & Scandals

SEC Cautions Against Investments in Cryptocurrencies, other Virtual, Digital Currencies

January 12, 2017/SEC The attention of the Securities and Exchange Commission, (the Commission) has been drawn to radio advertisements and other modes of solicitations of the public to invest in cryptocurrencies such as Swisscoin, OneCoin, Bitcoin and such other virtual or digital currencies. The public is hereby advised to exercise […]

Buhari fire Jim Obazee, official responsible for Enoch Adebayo’s exit from RCCG

Culled—huhuonline.com January 9, 2017-Barely 48 hours after the exit of Pastor Enoch Adeboye, Jim Obazee, the man in charge in charge of Financial Reporting Council of Nigeria (FRN), the agency that formulated the law that caused him to resign has been sacked.  A statement issued by Shehu Garba on Monday, […]

Diezani Alison-Madueke: forfeits $153.3 million

January 6, 2017/huhuonline.com Former Nigerian oil minister, Diezani Alison-Madueke temporarily forfeited  $153.3 million  to the Nigerian government today. This was sequel to an order by a Federal High Court  in Lagos. The seized money, according to the Economic and Financial Crimes Commission was stolen from the Nigerian National Petroleum Corporation […]