Investogist
No Result
View All Result
Thursday, October 23, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

    NNPC acquires equipment to build 40 CNG filling stations

    NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Meta set to lay off employees in Africa, Europe, Asia

    Meta cuts 600 AI jobs amid internal restructuring

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods Cites Data Migration for Possible Delay in Filing Q3 Financial Statement

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Okomu Oil Palm Plc announces N10 interim dividend

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

    NNPC acquires equipment to build 40 CNG filling stations

    NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Meta set to lay off employees in Africa, Europe, Asia

    Meta cuts 600 AI jobs amid internal restructuring

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods Cites Data Migration for Possible Delay in Filing Q3 Financial Statement

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Okomu Oil Palm Plc announces N10 interim dividend

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Black Lives Matter leader sued for siphoning US$10 million

Sunday, 4 September 2022, 11:21 pm
in News, World
0
Black Lives Matter leader sued for siphoning US$10 million
Share Share Share Share Send as Email

26 grassroots Black Lives Matter (BLM) chapters last week filed a lawsuit alleging that the leader of the national organization siphoned $10 million in charitable contributions to pay for his own personal expenses.

Black Lives Matter Grassroots (BLMGR), a nonprofit that serves as the umbrella group for local BLM chapters nationwide, claimed in the lawsuit filed in Los Angeles County Superior Court that Shalomyah Bowers, the leader of Black Lives Matter Global Network Foundation (BLMGNF), defrauded the local chapters for “unjust enrichment” and used their funds as his “personal piggy bank.”

Read also; Will Nigerians in diaspora be committing an offence if they make a campaign donation?

Fox News reported that the lawsuit described Bowers as a “rogue administrator” and “middle man turned usurper,” who has led the foundation on a path of irreparable harm to BLM in less than eighteen months.

“While BLM leaders and movement workers were on the street risking their lives, Mr. Bowers remained in his cushy offices devising a scheme of fraud and misrepresentation to break the implied-in-fact contract between donors and BLM.”

Melina Abdullah, the director of BLMGR and a co-founder of the Los Angeles chapter, said at a recent press conference that “the assets that we built, the financial resources, the social media platforms and the name ‘Black Lives Matter’ have been taken from us and are under the control of consultants.”

Bowers and his group went on to scold those who are suing him, accusing them of “falling victim to the carceral logic and social violence that fuels the legal system.”

“They would rather take the same steps of our white oppressors and utilize the criminal legal system which is propped up by white supremacy (the same system they say they want to dismantle) to solve movement disputes,” they said.

BLMGNF’s board of directors denied the allegations in a lengthy statement posted to their website Thursday. “Black Lives Matter Global Network Foundation (BLMGNF) is here to give light and fight for Black liberation,” the statement said in part. “Make no mistake, the allegations of Melina Abdullah and BLM Grassroots (BLMGR) are false. They are slanderous and devoid of reality.”

BLMGNF, which received more than $90 million in the wake of George Floyd’s death in 2020, represents the national BLM movement.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • 20220809_145948
    We will use our votes against those who say Rivers…
  • JAMB Mmesoma Ejike
    Anambra state govt position on JAMB/Mmesoma Ejike matter
  • Police,
    #ENDSARS: Top Nigerian Bank sued by firm for…
  • Letitia James
    Crypto trading platform Coinseed shuts down after…
Previous Post

Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

Next Post

EFCC files 11-Count Charge against Ogun Speaker Oluomo, full list

Next Post
EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

EFCC files 11-Count Charge against Ogun Speaker Oluomo, full list

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

Binance Announces $400 Million Recovery Initiative After Crypto Crash

Binance Announces $400 Million Recovery Initiative After Crypto Crash

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Meta set to lay off employees in Africa, Europe, Asia

Meta cuts 600 AI jobs amid internal restructuring

Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

NNPC acquires equipment to build 40 CNG filling stations

NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved