Babayemi To Challenge Adeleke’s Candidature At Supreme Court, If…| GOVERNMEND

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The factional Osun State governorship candidate of the Peoples Democratic Party (PDP), Prince Dotun Babayemi, has said he may seek redress at the Supreme Court after losing at the Appeal Court yesterday.

Babayemi and Governor-elect Ademola Adeleke had been elected at parallel primaries that were held at WOCDIF Event Centre and Osogbo Township Stadium.

He sued the PDP, the Independent National Electoral Commission (INEC) and Senator Adeleke over the election.

Babayemi’s spokesperson Kayode Oladeji said his principal and his team were evaluating the Appeal Court judgment to know the next line of action to take.

In a statement, he said: “Consequent upon the judgment of Federal Court of Appeal sitting in Akure, Ondo State, Prince Babayemi, who is seeking the validation of his candidature as the authentic governorship candidate of the Osun State PDP, has asserted that he is evaluating all available options and shall act in the best interest of our people.

“He maintained that unless some factors that necessitated the litigation were looked into by the party hierarchy, he might explore redress at the apex court of the land, being the Supreme Court.”

Source: Nation Newspaper

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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