A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for Bermuda-based SAC Re Ltd. is expected to close in December, a spokesman representing Duperreault and the investor group said on […]
Author: InvestAdvocate
PIB: Senate Pushes Bill to Subject Auditor-General Of The Federation To Financial Audit
The Senate is in the process of subjecting the Office of the Auditor-General for the Federation (OAuGF) to independent financial audit by auditors appointed by the National Assembly as part of efforts to ensure greater transparency and accountability in the nation’s public sector financial system. This proposal is part of […]
Ex-Goldman Sachs banker jailed in UK in Nigerian corruption case
* Former banker Preko jailed for 4-1/2 years * Convicted of laundering ex-governor Ibori’s money * Offences committed after Preko left Goldman Sachs Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of […]
