No Plan To Compensate Families Of 50 Victims Of Ikoyi Collapsed Building – Lagos Government | GOVERNMEND

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A 21-storey building on Gerrard Road, Ikoyi, caved in on November 1, 2021, killing about 50 people.

The Lagos State Government has revealed that there will be no compensation for families of 50 people who lost their lives in the collapse of 21-storey building in Ikoyi last year.
A 21-storey building on Gerrard Road, Ikoyi, caved in on November 1, 2021, killing about 50 people.

This was made known on Thursday by Commissioner for Information and Strategy, Gbenga Omotoso, while speaking during an interview on 99.3FM radio programme “Daily Digest”.
The Commissioner explained that all those who evacuated bodies of their loved ones and asked for assistance were given money for transportation and funeral.
He noted that no one had come out to say he or she lost money in the incident.
“The law has no room for such compensation, but if you’re talking about doing this on compassionate grounds, I know Mr. Governor as a compassionate leader.
“If other people also put up a case for assistance with verifiable documentation, I am sure it is something that Mr. Governor may consider.”
Omotoso asserted that Attorney-General

Moyosore Onigbanjo (SAN) had been directed by Governor Sanwo-Olu to ensure that those found guilty of compromising the process of adherence to quality standards at the Foreshore Towers in Ikoyi were prosecuted.
According to Omotoso, the state government was already fashioning out ways of collaboration with the private sector to strengthen monitoring and enforcement activities in the built sector in response to one of the recommendations of the panel on lack of adequate personnel to monitor building projects across the state.
The commissioner gave assurance that all those found culpable in the process leading to the Foreshore Tower collapse, especially civil servants, would face sanctions.

Source: Sahara Reporters

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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