#SOTN: Nigeria Too Fragile To Continue With The Burden Of Failed Leadership Beyond 2023 – Oluwaseyi Oyetunbi

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Concerned Nigerians made use of the medium to express their fear over what could happen if Nigeria did not get it right, in the 2023 election.

Oluwaseyi Oyetunbi who joined the comment session shared his thoughts on the fragility of Nigeria as a state at the moment, noting many factors. He however insisted that Muhammadu Buhari has left the country worse than he met it, hence Nigerians should not make another mistake of electing another ‘disaster’ who would make living a hard thing for Nigerians.

“We have 2023 to fix the country, but it will fail this time, I doubt if Nigeria would survive another 4years of bad leadership. It’s never been this bad, but what I’ve learnt being a Nigerian is that it could be far worse when you think it’s all gone wrong. People now escape from Nigeria in their thousands to different parts of the world just to survive, the country can no longer sustain the masses, you can we see we don’t have middle class anymore, you’re either rich or poor. Therefore I appeal to everyone to vote for the right candidate, resist the urge to do the same transactional voting that hasn’t helped us in the past this time so things can get better; Nigeria is our home.” Oluwaseyi mentioned.

He believes Nigerians have common enemies, the masses should not divide themselves on the ground of ethno-religious differences because we need our unity to break from the complex shackles of our failed leaders.

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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