The Justice Department is moving to seize more than half a billion dollars of allegedly corrupt proceeds from former Nigerian dictator Sani Abacha and his associates, in what officials called the largest such action in U.S. history. In a court filing unsealed Wednesday in federal court in Washington, D.C., government […]

The Chartered Institute of Bankers of Nigeria has emphasised the urgent need to mitigate the effect of fraudulent activities such as money laundering, terrorists financing and identity theft in the banking system and the economy in general. The organisation said the impact of the anti-economic activities on the nation, organisations […]

The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Bassey Otu, has said the recent controversies surrounding the suspension of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, should not distract the bank from effectively discharging its mandate to the people. A statement by […]