Global

Alwayspays ponzi scam shuts down, investors lose money
Scams

Alwayspays ponzi scam shuts down, investors lose money

It is just so unfortunate for many Nigerians after several warnings from media, government and authorities, they still fall victims of Ponzi scheme like Alwayspays which promised huge returns when it initially emerged. Bef0re Alwayspays defruded its investors, it promised them awesome opportunities in investments. Its promissory notes read “With […]

Ashford Hospitality to buy FelCor for USD1.27 billion
Global

Ashford Hospitality to buy FelCor for USD1.27 billion

Lodging real estate investment trust Ashford Hospitality Trust Inc has announced it wants to acquire FelCor Lodging Trust Inc. According to Reuters News Agency, the deal to buy FelCor Lodging is worth USD1.27 billion. However, the acquisition plan will see a total control of the company. Ashford Hospitality, owns about […]

Why Pay Titans is a scam in disguise
Ponzi Scheme

Why Pay Titans is a scam in disguise

Pay Titans, a ponzi scheme created by a group of people who described themselves as  ”The company was formed by a team of enthusiastic humanitarian specialists who decided to overcome the routine and unfair world financial system”. They also claimed they are out to “creating a donation exchange platform that […]

Why Pyramid Pay ponzi scam is a time bomb
Ponzi Scheme

Why Pyramid Pay ponzi scam is a time bomb

The drill is always the same, owners of Pyramid Pay have hidden their identities to operate a Ponzi scam promising investors huge returns. The site is hosted and domain was registered on the 9th of February, 2016 with Godaddy. The owners of the scheme refused to state who constitute their […]

Mr. Eduardo Gutierrez leaves CAL Bank Limited
Global

Mr. Eduardo Gutierrez leaves CAL Bank Limited

Eduardo Gutierrez, Non-Executive Director, has resigned his position as a director of CAL Bank Limited ( The Bank ) effective 9th February, 2017. His resignation follows Development Partners International’s sale of its entire 27.7% stake in CAL Bank. This sale transaction settled on 14th February 2017. Mr. Eduardo Gutierrez-Garcia is Partner at […]