Frauds & Scandals

Exclusive Document: The Financial Reporting Council Report That Busted Sanusi

… Claimed a Whooping N1.257 Billion for “Lunch For Policemen” and expenses for “Private Guards” In 2012 … Bogus Payments To Airlines To Distribute Currency Nationwide Exposed … Operated Bogus Expense Heads To Hide Fraudulent Activities … CBN Has Held An Account With A Balance Of N1.423 Billion For An […]

Sanusi suspension is unconstitutional say reps

The House of Representatives on Thursday described the suspension of Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, by President Goodluck Jonathan as unconstitutional. Jonathan announced the suspension of Sanusi in a statement singed early Thursday by Reuben Abati, special adviser to the President on media and publicity, alleging […]

Sanusi’s Suspension: CBN Assures International Investors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Central Bank of Nigeria (CBN) Thursday assured international investors that there is no cause for alarm following the suspension of Lamido Sanusi as governor of nation’s apex bank. This is contained in a Statement by Isaac .A. Okoroafor, director corporate communications of the CBN and […]