The Financial Reporting Council of Nigeria (FRC) will on Wednesday and Thursday grill the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi; the acting Governor of the CBN, Dr. Sarah Alade; the former Managing Director/CEO of the defunct Intercontinental Bank, Mr. Erastus Akingbola; and 13 others. […]

A federal judge on Friday gave final approval to JPMorgan Chase & Co’s (JPM.N) $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of former client Bernard Madoff. U.S. District Judge Colleen McMahon in Manhattan said the […]

Friday March 21, 2014/NEITI On 26th February, 2014, the Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI, Mrs. Zainab Ahmed was invited to make a presentation to the House of Representatives Committee on Petroleum Upstream, investigating the alleged connivance of the NNPC with Swiss Oil Dealers. NEITI’s presentation to the Committee […]