July 19, 2023/Ecobank Nigeria Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank […]
Frauds & Scandals
SEC Charges Former Broker-Dealer Representative in Connection with Fraudulent Scheme to Manipulate Stock Prices
July 17, 2023/US SEC The Securities and Exchange Commission today charged New Jersey resident and former broker-dealer registered representative, James P. Anglim, who from November 2016 to February 2022, helped facilitate market manipulation schemes involving the sale of stock in at least five public companies by other persons at manipulated […]
Consumer Tribunal Fines Stanbic N120m for Flouting Consumer Protection Act
July 14, 2023/Proshare Source: CCPT In a move considered a signal to all financial services providers in the country, especially banks; where the customers are often left in pickles, The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday, July 13, 2023, has fined Stanbic IBTC Bank the […]
