The Securities and Exchange Commission has expressed concern over the activities of some online scammers, currently running an online investment scheme tagged ‘Loom Money Nigeria’.
Uduk, who was represented at the press conference by the acting Executive Commissioner, Operations of the SEC, Mr. Isyaku Tilde said the venture is bereft of any tangible business model, describing it as a Ponzi scheme, where returns would be paid from other people’s invested funds. “If it were a local Ponzi scheme with known offices, it would be very easy for the Commission to seal their offices and freeze their accounts.
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Beware of Loom ponzi scheme, SEC warns NigeriansThe Securities and Exchange Commission (SEC) has raised the alarm over the activities of some fraudsters currently running an online investment scheme.... Provide jobs so that nigerians will no longer be scammed.
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We Did Not Give Miyetti Allah Money – FGThe Federal Government did not give Miyetti Allah Cattle Breeders Association money during its recent meeting with the group in Brinin Kebbi,, the Minister of Interior, retired Lt.-Gen. Abdulrahman Dambazau, said on Monday. The minister spoke in Anka, Zamfara, on Monday while fielding questions from newsmen. He described information that government gave the group money […] And you want us to believe that
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N20.3 money laundry deal: Court grants four Kwara Govt House staff bail - Vanguard NewsFour officials of Kwara state government accused of money laundering by the Economic and Financial Crimes Commission (EFCC) were Monday admitted to bail before a Federal High Court sitting in Ilorin.
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US arrests, extradites Nigerian over money laundering, drug trafficking - Vanguard NewsThe US Department of Justice has extradited a Nigerian, Muhammad Khalid KHAN, charged with attempted narcotics’ importation, conspiracy to import a controlled substance into the US, and international money laundering to the US.
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Former FIFA boss Blatter says money risks ruining football – Daily TrustSepp Blatter, the former president of football’s world governing body FIFA who was ousted during a corruption scandal, says money risks ruining the sport. FIFA’s Ethics Committee banned Blatter, who led FIFA for 17 years, from “all football activities” in 2015.ADVERTISEMENT That was after finding him guilty of unethical conduct related to a global corruption …
Source: Daily Trust - 🏆 13. / 51 Read more »
ZAMBIA: Ex-minister arrested for misspending aid money – Daily TrustAuthorities in Zambia have arrested an ex-government minister “for abuse of authority of office”, a statement from Zambian anti-corruption and anti-money laundering agencies said. Emerine Kabanshi, who was formerly in charge of a community development and social services, was arrested by a joint team of investigators following concerns on how she spent funds donated by …
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Should FG offer money to stop kidnapping? – Daily TrustThere have been reports that the Federal Government plans to offer kidnappers amnesty, and money, to curb the crime, but the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, recently denied them. Daily Trust sought the opinions of Nigerians on the issue. Nkereuwem Etim Inyang, Public Servant, Uyo, Akwa Ibom StateADVERTISEMENT …
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EFCC Re-arraigns Justice Ofili-Ajumogobia, Obla Over Money Laundering AllegationsThe Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned dismissed former Judge of the Federal High Court, Justice Rita Ofili-Ajumogobia, before the Federal High Court Lagos, over allegations of money laundering. Justice Ofili-Ajumogobia was re-arraigned before Justice Rilwan Aikawa alongside, Godwin Obla, who was absent in court, when she was first arraigned 18th of April. […]
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We met Miyetti Allah but gave no money – Nigerian govt - Premium Times NigeriaThe federal government did not give Miyetti Allah Cattle Breeders Association money during its recent meeting with the group in Brinin Kebbi, the Minister of Interior, Abdulrahman Dambazau, said on Monday. You met Meyatti Alla and u compare Ohaneze,Afanifere but u refused to me them too,hmmmmm!!!! Am very God almighty will one separate this fight naturally So when are you meeting the farmers and ethnic nationalities that are being massacred by these Fulanis?!😡 But didn't meet IPOB who haven't killed or invaded other people's land. Power is transient. You all MUST NEVER complain when South is doing it's own. It might be more irritating to you guys but keep in mind we're currently enduring your excesses too. It's a phase.
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