Nigeria’s Securities and Exchange Commission told Ecobank Transnational Inc. (ETI) last month that it should reinstate Laurence do Rego, the former executive director of risk and finance who alleged senior management fraud. “When the news broke we did write to them,” said Obi Adindu, a spokesman for the SEC, referring […]
Frauds & Scandals
N1tn spent illegally on kerosene subsidy –Tambuwal
The Speaker of the House of Representatives, Mr. Aminu Tambuwal, said on Tuesday that available records indicated that the Federal Government spent over N1tn on kerosene subsidy between 2010 and 2013. Tambuwal said in spite of the expenditure not having the approval of the National Assembly, the product was not […]
Ecobank CEO May Quit After Request From Executives, DaMina Says
Ecobank Transnational Inc. (ETI) Chief Executive Officer Thierry Tanoh may quit next month after reports that senior executives called for him to step down, DaMina Advisors LLP said. Tanoh may resign at an extraordinary shareholder meeting that Ecobank is holding on March 3 to adopt a plan for recommendations on […]
