A federal judge has rejected Nasdaq OMX Group Inc’s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc’s $16 billion initial public offering, a decision released on Monday shows. Nasdaq had argued that its status as a self-regulatory organization (SRO) gave it immunity from […]
Frauds & Scandals
NCC threaten N500m sanction against MTN, others
….As Reps seeks probe of telecom operators By Kelechi Mgboji The Nigerian Communications Commission (NCC) has issued December 31, 2013 deadline to MTN and other telecommunication service providers to improve on the quality of service or face drastic sanctions worse than those of May 2012 where the Commission slammed N1.2 […]
Sanusi Lacks Understanding Of How Revenues From Crude Oil Are Remitted To Fed Account, Says NNPC GMD
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu Friday faulted the claim by the CBN Governor, Mr. Lamido Sanusi that the NNPC has failed to remit the sum of $49.8b from the sale of crude oil saying his claim is borne out of […]
