
6-Year Ban for Squandering £42k Bounce Back Loan on Personal Use

Solomon Ogah, the Nigerian director of Pelizar International Limited, has been hit with a 10-year directorship ban after fraudulently securing a £47,500 Bounce Back Loan. Ogah misrepresented his company’s turnover as £189,000, when in reality, it was £0. The scheme, intended to support businesses during financial hardship, was exploited through this deceptive overstatement, leading to his recent disqualification by authorities.
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A sole trader and a company director face 10- and 11-year bans for securing multiple Bounce Back Loans through fraudulent turnover claims, violating the government’s financial support scheme. […]
A takeaway owner’s inflated turnover claims and personal use of a £50k NatWest BBL, left unpaid, led to an 11-year ban. Dive into this tale of financial deceit. […]
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