Anti-corruption and elections / EFCC
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 Mil…
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