Keeping Up With Your Investments As we move through October, it’s time for our monthly update on Nelfund activities and performance. Whether you’re a seasoned investor or just starting your journey with Nelfund, staying informed is key to making the most of your investment opportunities. Platform Enhancements T his month, Nelfund has focused on improving platform stability and user experience. Updates include faster load times, smoother navigation, and enhancements to the dashboard that allow investors to track their portfolio more efficiently. These improvements ensure that you can monitor your investments and make decisions with ease. Investment Performance October has seen steady growth across several projects funded through Nelfund. Our diversified portfolio approach continues to show positive returns, and the monthly yield updates have been shared in your dashboard. For new investors, this is a great time to explore projects with consistent performance metrics and transparen...
Former EFCC chairman, Abdulrasheed Bawa, has shared shocking details of how Oluwaseun Ogunbambo, a businessman, defrauded the Nigerian government of N3.7 billion through petrol subsidy fraud. In his book titled The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud, Bawa explained how Ogunbambo used fake documents to collect money meant for importing fuel. According to Bawa, Ogunbambo claimed he imported petrol, but the fuel never existed. He forged shipping documents and presented them to the government to receive payments. Ogunbambo, who was the managing director of Fargo Petroleum and Gas Ltd, was declared wanted by the EFCC in 2013. He was charged with collecting N976.6 million fraudulently. While the case was still in court, he jumped bail and fled the country. Bawa said Ogunbambo had multiple identities and was also wanted in other countries like Ireland, the UK, and the USA. The book also talks about how fuel subsidy fraud has been a major problem in...