Press Release I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from office as the Governor of the CBN on the 19th of February 2014. As a matter of record, […]
Frauds & Scandals
Appeal courts dismisses SEC/EFCC’s case against Rep. Herman Hembe & Others
The Court of Appeal, Abuja Division, on Friday freed a former chairman of the House of Representatives Committee on Capital Market, Mr. Herman Hembe, saying he had no case to answer in corruption charges filed against him by the Economic and Financial Crimes Commission. The EFCC had accused Hembe of […]
U.S. regulator sues 16 banks for rigging Libor rate
The Federal Deposit Insurance Corp sued 16 of the world’s largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. The global financial institutions broke certain swaps contracts they had entered into with the now-closed banks, by separately colluding to […]
