Nigeria’s state oil firm has denied an allegation by the central bank chief that it has failed to account for at least $20bn (£12.2bn) of oil revenues. Lamido Sanusi told a senate committee on Tuesday that out of $67bn of oil sold between January 2012 and July 2013, $20bn was […]
Frauds & Scandals
Wonder Bank: SEC Seals-Off 32 State Offices of New Nation
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Wednesday announced it has sealed off 32 offices of New Nation a wonder bank. SEC in a Statement by Yakubu Olaleye, head of media and made available to InvestAdvocate in Lagos Nigeria said in an unprecedented clampdown, the commission […]
SEC Declares David Torty, TMA Consulting Illegal Operator
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Securities and Exchange Commission (SEC) Friday announced that one Dr. David Torty and TMA Consulting Group is illegal operator in the Nigerian capital market (NCM). In its official website, SEC said David Torty and TMA Consulting are not registered by the Commission to […]
