Author: InvestAdvocate

Investigations: PWC writes Quoted Companies, other Stakeholders on Oteh’s Project 50

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)– PricewaterhouseCoopers (PWC) appointed by the Board of Nigeria’s Securities & Exchange Commission (SEC) to audit Project 50 by embattled Arunma Oteh, Director General (DG) has written Quoted Companies and other Capital Market Operators to ascertain the source of funds by a Private Consulting Firm […]

Oil jumps 7 percent but headed for big Q2 loss

By David Sheppard | Reuters Oil jumped more than 6 percent on Friday, headed for its biggest daily gain in more than a year after European leaders hammered out a deal to shore up euro zone banks, but crude was also headed for its steepest quarterly decline since the financial […]

Peter Madoff pleads guilty in NYC, blaming brother

By LARRY NEUMEISTER and TOM HAYS | Associated Press The younger brother of disgraced financier Bernard Madoff — the loyal No. 2 at an investment firm that fronted a multibillion-dollar Ponzi scheme — pleaded guilty Friday, agreeing to serve 10 years in prison and saying he was “in total shock” […]