On January 09, 2014, the Securities and Exchange Commission (SEC) released its “Investigation Report of ETI’s Corporate Governance Practices” and made a number of recommendations and advise for ETI to deal with. On the surface, a discerning professional would have reached a conclusion that the regulator acted in the best […]
Frauds & Scandals
Corporate Governance Audit: SEC Advise ETI to Appoint Chairman
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Thursday advised Pan-Africa Bank, Ecobank Transnational Incorporated (ETI) to appoint a substantive board Chairman who will lead the effort to attain an improved governance climate in the bank. SEC in a Statement signed by its management and made available […]
President Asks Sanusi to Resign over Leaked $49.8bn Letter
President Goodluck Jonathan has asked the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, to resign immediately on the grounds that the letter Sanusi wrote to him on the unremitted $49.8 billion oil revenue to the Federation Account, was leaked to former President Olusegun Obasanjo by the CBN governor. […]
