The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters. The SEC has sought documents and recordings related to a lawsuit that former Infinium employees brought against the Chicago-based firm in […]

Based on the queries raised by the Financial Reporting Council of Nigeria on the Central Bank of Nigeria’s audited financial statements for 2012, the council will summon the bank’s external auditors to provide further clarification, sources familiar with the situation have said. President Goodluck Jonathan had on February 20 ordered […]

The Economic and Financial Crimes Commission on Thursday re-arraigned a former Minister of Aviation, Femi Fani-Kayode, before a Federal High Court, Lagos on N100m money laundering charges. Fani-Kayode, whose arraignment for the same charges was the fourth since 2008, again pleaded not guilty to all the 40 counts. The re-arraignment […]