More Than 27,000 Persons Displaced In A Local Government Area In Kaduna- FG | GOVERNMEND

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The Federal Commissioner in charge of the National Commission for Refugees, Migrants and Internally Displaced Persons, Senator Bashir Mohammed, noted that, at least 27,121 persons, with the majority being women and children have been displaced by bandits in the Birnin Gwari Local Government Area of Kaduna State.

He Stated this, during the inauguration of the symbolic distribution of relief materials to internally displaced person in the area. Items (food and non- food items) were distributed to 300 households out of 1, 194 affected.

Here are his exact words, “Data collected this year by the Kaduna State Emergency Management Agency and NCFRMI Kaduna field office indicate that 1,194 households comprising 27,121 individuals – more than half of whom are women and children are displaced in Birnin Gwari LGA alone.”

Mohammed, who met with the state deputy Governor, Dr. Hadiza Balarebe at the Sir. Kashim Ibrahim Government house did not failed to commiserate with the state, over the various banditry and communal clashes in the State.

Source: Punch.

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

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