UAE Suspends Visa Issuance To Nigerian Nationals

GovernMend Nigeria July 27, 2022 0

The United Arab Emirate issued a notice on the suspension of Nigerian nationals for Visa issuance after some cult groups dominated by Nigerians threatened the security of the country, through their conduct.

The suspension came as a necessity after a cult groups clash threw the national security of the United Arab Emirate known for its peaceful ambience expected of a place to be for tourists on the line.

The United Arab Emirate government announced the immediate suspension earlier today, 27th July.

Mixed reactions have however trailed the suspension as many Nigerians feel the decision is necessary at this material point in time, some others feel it’s rather outrageous and somewhat discriminatory as much as Nigerians were not the only nationals apprehended for cultism among other allegations.

Source: GOVERNMEND

More Stories

Court Restrains Police From Arresting APC Executives Who Suspended National Chairman, Ganduje

Court Restrains Police From Arresting APC Executives Who Suspended National Chairman, Ganduje

GovernMend Nigeria May 4, 2024 0
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.<br><br>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.<br><br>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.<br><br>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.<br><br>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.<br><br>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.<br><br>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.

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.

GovernMend Nigeria May 4, 2024 0
Nigerian Government Vows To Fish Out, Dismiss Workers In Public, Private Organisation Using Fake Certificates

Nigerian Government Vows To Fish Out, Dismiss Workers In Public, Private Organisation Using Fake Certificates

GovernMend Nigeria May 4, 2024 0

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed

Take-It-Back Movement Asks Niger State Assembly Speaker To Stop Plans To Marry Off 100 Female Orphans

Take-It-Back Movement Asks Niger State Assembly Speaker To Stop Plans To Marry Off 100 Female Orphans

GovernMend Nigeria May 12, 2024 0
Our Taxes Are Not To Frustrate Nigerians But To Create A System – Vice President Shettima

Our Taxes Are Not To Frustrate Nigerians But To Create A System – Vice President Shettima

GovernMend Nigeria May 12, 2024 0
Kogi Governor, Ododo Says Insiders Switched Off All CCTV Cameras During Abduction Of University Students

Kogi Governor, Ododo Says Insiders Switched Off All CCTV Cameras During Abduction Of University Students

GovernMend Nigeria May 12, 2024 0
Zamfara State Rejects ‘Peace Accord’ Between Nigerian Government Negotiators, Terrorists

Zamfara State Rejects ‘Peace Accord’ Between Nigerian Government Negotiators, Terrorists

GovernMend Nigeria May 12, 2024 0
Enugu Governor, Mbah Places N10million Bounty On Gunmen Who Brutally Murdered Two Policemen

Enugu Governor, Mbah Places N10million Bounty On Gunmen Who Brutally Murdered Two Policemen

GovernMend Nigeria May 12, 2024 0
Social media & sharing icons powered by UltimatelySocial