Tuesday 7 June 2022

A quick note to the U.S. SEC's Climate and ESG Enforcement Task Force

The U.S SEC has jurisdiction over the Banque Edmond de Rothschild Group. If that is so, then surely,  the clear-cut evidence showing that Moringa, Banque Edmond de Rothschild Group's African fund manager's unethical company culture in Ghana (the gathered-incontrovertible-evidence, which includes  egregious law-breaking, communicating serial-falsehoods to Ghanaian officialdom  and fraudulent alteration of official documents deployed to enable it hijack B-BOVID from its brilliant founder, Issa Ouedraogo), is proof positive that,  actually, Moringa does not qualify to be lawfully classified as agroforestry social impact  investors, in B-BOVID's country of domicile, Ghana, and must therfore be investigated by the SEC'S Climate and ESG Enforcement Task Force, as a  matter of some urgency?


The question is: If Moringa (which owed Issa Ouedraogo a duty-of-care, from day one, when they first contacted him by email), falsely claimed to be agroforestry social impact investors, initially, should that deliberate-mislabelling, by definition, not  attract the attention of investigators from the SEC's Climate and ESG Enforcement Task Force?

Moringa stands condemned by the catalogue of their abominable buccaneering-activities in Ghana (including deceiving Issa Ouedraogo  that they were social impact investors - a ruthless-ruse that enabled them to get away with devaluing Issa's original investment - and avoiding a proper evaluation of B-BOVID's value/worth).

Furthermore, if Ghana is an African investment destination in which they have not provided even one tree seedling, to any of B-BOVID's value-chain's smallholder farmer-stakeholders,  to diversify their income streams, is that  failing not at variance with the African Development Bank's (AfDB) core-reason for its provision of funds to Moringa,  and giving it stewardship of earmarked  agroforestry funds for Africa, I ask?

In light of all the above, surely, while an investigation by the U.S. SEC'S Climate and ESG Enforcement Task Force, is pending, should the Ghana Arbitration Centre  (GAC) case between Moringa and Issa Ouedraogo,  not now be suspended?

Finally, amongst issues that might be resolved from such an SEC investigation, would be whether or not the bulk of the money Moringa has put into B-BOVID, thus far, came from the  Agroforestry Technical Assistance Facility - and whether or not such philanthropic funds can be morally parleyed into an acquisition of majority shares in B-BOVID, lawfully. Case closed.

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