President Bola Tinubu has unveiled a groundbreaking initiative for a sustainable and eco-friendly future in Nigeria.

During a meeting with stakeholders and investors in Dubai on the sidelines of the COP28 climate summit, the President shared plans for the deployment of a fleet of 100 electric buses, marking a significant stride towards reducing the country’s carbon footprint and modernizing its transportation systems.

Presidential aide Ajuri Ngelale announced the President’s remarks, highlighting the strategic move as part of a broader effort to position Nigeria and Africa as leaders in green manufacturing and industrialization.

President Tinubu expressed his commitment to prioritizing natural gas as a transition fuel alongside other renewable energy sources.

To lead this transformative initiative, President Tinubu appointed Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), and Dahiru Salisu, DG of the National Council on Climate Change (NCCC), as co-chairs for the Nigeria Carbon Market Activation Plan.

The President emphasized the need for an environment that attracts investments while upholding standardized and sustainable industrial practices.

He stated, “We are actively looking to implement robust, enabling policies and frameworks that will serve as the catalyst for the burgeoning growth of the carbon market within our national borders.”

Tinubu also assured prospective investors that the initiative is not merely a pilot project but a long-term commitment.

He acknowledged the urgency for global collaboration on climate-related challenges and called on international partners to join hands in accelerating efforts towards a net-zero future.

FIRS Chairman Zacch Adedeji commended President Tinubu’s visionary leadership, pledging the committee’s full commitment to implementing efficient policies and frameworks for sustainable carbon market growth.

Source: Peoples Gazette

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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