SEC awards joint whistleblowers $3 million

The Securities and Exchange Commission awarded two whistleblowers $3 million Monday for providing a tip that led to a “successful enforcement action involving an alleged securities law violation that impacted retail investors.” The two whistleblowers submitted their tip jointly and will share the $3 million award. “In this case, the whistleblowers also undertook significant and timely steps to have their employer remediate the harm caused by the alleged violations,” the SEC said. In its award order (pdf), the SEC said the whistleblowers didn’t provide information “voluntarily.” Another agency had already requested information…

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Jay-Z becomes first hip-hop billionaire

Music Mogul, Jay–Z is now, according to a new Forbesmagazine, the first rapper to amass a fortune in the ten-figure range. “It’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artiste to do so,” the magazine said. Forbes breakdown indicated that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac champagne brand (at $310 million), but also boasts investments at well over $200 million (including a large stake in…

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Boko Haram attacks military bases in Borno, steal arms: sources

AFP Boko Haram jihadists have carried out multiple attacks on military bases in northeast Nigeria’s Borno state, overrunning three of them and stealing weapons, security sources said Monday. army, sources from the military and militia said. There were no immediate details on casualties. In the latest incident, on Sunday, the insurgents made a failed attempt to seize a base in the town of Dikwa following a predawn attack. “The terrorists attacked troops in Dikwa around 4:00 am (0300 GMT) but the attack was repelled without casualty on our side,” a military…

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Oyo NURTW Clash: Police arrest 29 suspects

By NAN Mr Shina Olukolu, the Commissioner of Police in Oyo State, says 29 members of the National Union of Road Transport Workers (NURTW), have been arrested for hooliganism and attempted forceful take-over of the leadership of the union. Olukolu made this known on Monday in Ibadan while addressing newsmen on the activities of the command. According to him, on May 29, Dauda Adisa reported to the Police that some hoodlums attacked the office of Abideen Ejiogbe, the State Chairman of the NURTW at the Orita-Challenge motor park in Ibadan.…

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NAPTIP Arrests 48-yr-old Mountain of Fire Pastor For Raping, Impregnating 16-yr-old Orphan

Operatives of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) have arrested a Mountain of Fire and Miracle church (MFM) pastor, David Onyekachuku, for allegedly raping and impregnating a 16-year-old orphan. NAPTIP’s Head of Press and Public Relations Unit NAPTIP, Stella Nezan, disclosed in a statement. She said the victim, a Junior Secondary School (JSS2) pupil of a government school in Abuja, the nation’s capital, suddenly dropped out of school and needed accommodation after the death of her parents last year. The statement reads: “Operatives of NAPTIP…

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