Nigerian Stock Exchange and World Bank initiate legal defence in African ETF suit
In an extraordinary case, an Exchange Traded Funds/ETF financial investment advisor is taking an African stock exchange and a multilateral financial institution to court, claiming damages of $1 billion.
21/01/2021 at 16h24, by Tarik Bargal
The plaintiff, Kevin Ajenifuja, accuses his critics of manipulating his ex-wife by forcing her to extract “trade secrets” from him in 2014 related to innovative financial instruments he allegedly developed. CEO of eSecurities, Ajenifuja has been ordered in the past to reimburse savers in the United States for providing financial advice without authorisation.
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World Bank mired in $1 billion ETF case in Africa
The World Bank and other defendants face a $1 billion compensation package for alleged breaches of trade...