By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has said the activity of Fantastic EsanBet Nigeria Limited is a ponzi scheme. “The said is not registered by the Commission to perform any function in the capital market and its operations/activities in the capital market are therefore illegal,” SEC said. […]
Frauds & Scandals
NAFDAC Destroys Expired Raw Materials Of Guinness Nigeria
March 10, 2016/NAN The National Agency For Food, Drugs Administration and Control (NAFDAC) on Wednesday destroyed expired malt extract and glucose belonging to Guinness Nigeria Plc. The News Agency of Nigeria (NAN) reports that the destruction took place at a dump site at Otta, Ogun. A NAFDAC staff on site, […]
CBN Uncovers And Aborts Fraud
March 11, 2016/CBN A highly sophisticated plot to defraud the Central Bank of Nigeria by some criminally minded elements has been uncovered and aborted by the Bank. Although preliminary investigations so far have not revealed any accomplices with the CBN, Management has decided to place all key personnel involved in […]
