December 7, 2016/SEC The Securities and Exchange Commission (“SEC”) received various complaints against AIMS Asset Management Limited who solicited and marketed private placements for two private companies namely Petdrill Development Company Limited and Aims Assurance Company Limited. The Commission while investigating the activities of AIMS Asset Management Limited (a registered […]

2/12/2016/The Will A self-styled Nigerian pastor, Ernest Chigozie Mbanefo, has been identified as the mastermind of the suspected Ponzi scheme known as MMM Nigeria. Mbanefo’s domain, which is one of the multiple MMM sites in Nigeria, is ranked by Alexa.com as the 78th most visited Nigerian website. Ernest Chigozie Mbanefo: […]

November 25, 2016/Sahara Reporters Agents of the Economic and Financial Crimes Commission (EFCC) have arrested and detained Tunde Ayeni, a former chairman of Skye Bank, over allegations that he bribed a former minister of the Federal Capital Territory (FCT), Bala Mohammed, to acquire 54 plots of land in Abuja, the […]