PRESIDENT TINUBU'S MESSAGE OF CONDOLENCE TO CHIMAMANDA ADICHIE AND HER FAMILY. (PHOTO). #PRESS RELEASE.

-
Image
 STATEHOUSE PRESS STATEMENT PRESIDENT TINUBU'S MESSAGE OF CONDOLENCE TO CHIMAMANDA ADICHIE AND HER FAMILY   With a deep sense of grief, I condole with Ms Chimamanda Ngozi Adichie, her husband, Dr Ivara Esege, and the entire family on the passing of their son, Nkanu Nnamdi.   As a parent myself who has suffered the loss of a loved one, no grief is as devastating as losing a child.   I empathise with the family at this difficult time, and I mourn this sad loss with them.   Ms Adichie is a literary icon who has brought joy and light to many homes globally, and I pray she and her family find strength in the Almighty in this trying hour.   My prayers are with the family.   Bola Ahmed Tinubu, GCFR President and Commander-in-Chief of the Armed Forces Federal Republic of Nigeria January 8, 2026
Post a Comment

COURT WINDS UP ILLEGAL CAPITAL MARKET FIRM IN LAGOS. (PHOTO). #PRESS RELEASE.

-


 Court Winds Up Illegal Capital Market Firm in Lagos


Justice C.J. Aneke of the Federal  High Court sitting in Ikoyi , Lagos, on Thursday, May 22, 2025, ordered the winding up of a fraudulent collective investment scheme firm, CJC Markets Limited, over failure to register with the Securities and Exchange Commission, SEC.


  He gave the order, following the arraignment of the company  by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC,  on a one-count charge bordering on investment fraud on Thursday, May 22, 2025.


 A petitioner alleged that CJC Markets Limited, sometime in January, collected the sum of N30m( Thirty Million Naira) from one Wamyil Mangna, with a promise of a 30% Return on Investment, ROI.


Investigation revealed that CJC Markets Limited is not registered with the Central Bank of Nigeria, CBN, or the Security and Exchange  Commission, SEC, to carry out capital market operations or collect investments. 


 


The count reads: That you, CJC MARKETS LIMITED,  being a company incorporated in Nigeria, Aihua Chen (at large) and Okungbeni Dickson (at large), being the Directors respectively, sometime in 2021 in Nigeria, within the Judicial Division of this Honourable court, while carrying on your scheme of Collective Investment, failed to register with the Securities and Exchange Commission, and thereby committed an offence contrary to Section 54(1) of the Investment and Securities Act 2007 and punishable under Section 54(6) of the same Act.”


 


A guilty plea was entered for the Company. 


 


In view of this,  prosecution counsel, Abdulhamid .L. Tukur, called on Christian Chukwu, an operative of the EFCC, to  review the facts of the case.


Chukwu, in his testimony, told the court that the  Commission received  a petition from Matthew Burkaa and Co. Legal Practitioners on behalf of the petitioner, Mangna


He also told the court that the Commission, during investigations, subsequently wrote letters to the United Bank of Africa, UBA, the CBN and SEC, and that they all responded.


He added that the finance officer of the company, Mr Kolawole Josiah, volunteered his  statement , regarding the involvement of the company in the capital market.


Thereafter, he identified the petition received, the letters written by the Commission to the SEC, CBN and UBA as well as the statement from the Finance Officer of the company .


 Tukur then sought to tender, in evidence, the documents, which were all admitted and marked  as exhibits by the court . The prosecution, thereafter, prayed the court to convict and sentence the company accordingly. 


Counsel to the defendant, Adeniyi Komolafe,   asked the court to wind up the said company. 


Justice Aneke convicted CJC Markets Limited  as charged and ordered that it be wound up and delisted from the Corporate Affairs Commission, CAC. 


 


The company was wound up for running a fraudulent collective investment scheme firm, CJC Markets Limited, without registering with the Securities and Exchange Commission, SEC.

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

TINUBU ANNOUNCES ARRIVAL OF 4 U.S ATTACK HELICOPTERS. (PHOTO).

-
Image
 Tinubu announces arrival of 4 US attack helicopters President Bola Tinubu has stated that four attack helicopters will soon arrive in the country from the United States amid rising insecurity. Speaking at a meeting with a delegation of the Christian Association of Nigeria, led by its President, Archbishop Daniel Okoh, at his Lagos residence, on Friday, Dec. 26, Tinubu revealed that the Federal Government had ordered four attack helicopters from the U.S, adding that they will arrive in the country “soon”. He said: “Our orders for four attack helicopters from the United States of America will take some time to arrive. We have approached Turkey for assistance.” The President, however, stated that the delays were affecting the public’s perception of the administration’s commitment to addressing the security challenges. He also said community and state police will become a reality. “Community and State Police will be a reality once the National Assembly completes the required legislati...
Read more