* Former banker Preko jailed for 4-1/2 years * Convicted of laundering ex-governor Ibori’s money * Offences committed after Preko left Goldman Sachs Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of […]
Frauds & Scandals
Union Bank sacks another 137
Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour. Meanwhile, the […]
Why we laid off some workers —Enterprise Bank
Enterprise Bank, one of the nationalised banks, on Tuesday said the recent laying off of some of its workers was in line with the company’s plan to remain competitive in the market. The bank said it had conducted a resource optimisation exercise meant to ensure the development of a high […]
