Boulos and SCOA Threaten Legal Action Over Fraud Claims
Massad Fare Boulo and SCOA Nigeria PLC (NGX: SCOA) have threatened legal action over allegations of fraud related to the Lagos-Calabar coastal road project. Their legal team, led by senior advocate Kemi Pinheiro, issued a cease and desist notice demanding the immediate withdrawal of a defamatory video circulating on social media.
The notice claims that the video contains false assertions suggesting that the Boulo family and SCOA Nigeria PLC improperly benefited from federal government budget allocations for the project. The legal letter states that these allegations are unfounded and harmful to the business reputation of the Boulo family.
The lawyers expressed concern over the video's continued spread and its potential to mislead the public. They have demanded the removal of the offensive material and warned that failure to comply could result in full legal action, including defamation claims and a potential criminal complaint under Nigeria's cybercrime laws.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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