I am constrained to make this an open letter to you for a number of reasons. One, the current situation and consequent possible outcome dictate that I should, before the door closes on reason and promotion of national interest, alert you to the danger that may be lurking in the […]
Frauds & Scandals
Criminal action expected for JPMorgan in Madoff case: NYT
JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]
Nigeria’s NNPC hasn’t accounted for $50 bln in oil sales – cbank
* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
