A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a subprime mortgage product that failed during the financial crisis. The decision by U.S. District Judge Katherine Forrest in Manhattan came […]

12 March, 2014 The Federal Government has debunked the reported disappearance of N24 billion from the Police Pension Fund, saying the money in question was discovered to be an over-estimation of pensions arrears and subsequently returned to government coffers in line with standard practice. Coordinating Minister for the Economy and […]

Nigerian President Goodluck Jonathan has authorised a forensic audit of the national energy company, the presidency said on Wednesday, after weeks of public uproar over an alleged $20 billion in missing state revenues. Central Bank Governor Lamido Sanusi presented evidence last month to parliament that he said showed the Nigeria […]