Frauds & Scandals

SEC Awards $800,000 to Whistleblower

October 15, 2020/US SEC The Securities and Exchange Commission today announced an award of more than $800,000 to a whistleblower whose information caused the staff to open an investigation that led to two successful SEC enforcement actions.      “The whistleblower provided the Commission with a detailed analysis that alerted staff to […]

FG Arraigns Promoters of Dantata Success over N2bn Fraud

October 14, 2020/SEC Nigeria The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2billion.Those charged along with the company are Basira Ibrahim Dantata, Lawan Sanni and Gaji Ibrahim Dantata.The defendants who were arraigned […]

Beware of Fraudulent Loan Offers, Investment Schemes-CBN

October 9, 2020/CBN The attention of the Central Bank of Nigeria (CBN) has again been drawn to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the Bank. While the CBN, indeed, […]