Politics And Governance: Nigeria Lost Her Sovereignty To Terrorism; Buhari Is Obviously Incapacitated

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Sovereignty to every independent state is as important as oxygen humans inhale. We cannot have some parts of the country, however little it may be under the control of a terrorist group and still claim we have a president alive.

The collection of taxes the Federal Government didn’t succeed in enforcing in a larger part of the Northern Nigeria is what Boko Haram is currently doing in some communities in Niger State.

How insecurity degenerated to the point we now have to cede some parts of Nigeria to terrorists is mind-boggling. And as it stands, Buhari can no longer cover things up, hence his plea for support from the United States Army. Nigeria is obviously going through one of the most difficult times of its existence in the post colonial era. We have a president that does nothing presidential.

In my own opinion, I think if President Muhammadu Buhari would be fair enough, he should just resign ceremoniously so that things may take a different shape. I’m scared things could go worse than this; and by that time we all would probably be having a BokoHaram insurgent as a president.

Source: GOVERNMEND

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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