Frauds & Scandals

Emefiele Says MTN $8.1bn Fine May Be Reduced After Firm, Bankers Tendered New Documents

7/10/2018/The Will Nigeria’s Central Bank Governor, CBN, Mr. Godwin Emefiele Sunday in London said its $8.1bn claim against MTN Group may be reduced after the telecoms giant and its bankers provided more documents which could help resolve the stalemate surrounding the initial fine. THEWILL recalls that the central bank alleged […]

Honeywell Group Vs. Ecobank – The Boldface of a Bad Debtor

October 8, 2018/Ecobank Nigeria 1.  Ecobank’s attention has been drawn to several media reports stating that the Honeywell Group has filed a suit claiming damages against Ecobank in the sum of N72billion. 2.    We wish to state that Ecobank is unhindered by the continued attempts to coerce the public […]

-17 States Still Owe Pensions, Salaries Despite Several Bailouts

October 8, 2018/BudgIT BudgIT, worried that some states are yet to fully offset the outstanding amount owed pensioners and civil servants despite series of bailouts aimed at offsetting the liabilities, recently conducted a survey. The survey aimed at ascertaining the frequency and magnitude of challenges civil servants and pensioners are […]