September 21, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday announced the revocation of Skye Bank of Nigeria Plc operating license and renamed it Polaris Bank. Godwin Emefiele, governor of the CBN said the apex bank in consultation with the Nigerian Deposit Insurance Corporation […]
Frauds & Scandals
SEC Obtains Final Judgment Against Investor Relations Writer Charged with Fraudulent Stock Promotion Scheme
September 21, 2018/US SEC On September 14, 2018, the U.S. District Court for the Southern District of New York entered a final judgment against Thomas Meyer for his role in a fraudulent stock promotion scheme. According to the SEC’s complaint, CSIR Group, LLC hired writers like Meyer to publish dozens […]
Conviction Of Nigerian Oil Deal Middlemen Spells Trouble For Shell and Eni On Eve Of Major Trial
Culled—Proshare 20/9/2018/By Global Witness Conviction in middlemen’s fast-tracked OPL 245 trial a poor omen for Shell and Eni’s defence just days before major bribery trial hears first prosecution witnesses. Today two middlemen have been found guilty of corruption offences relating to Shell and Eni’s 2011 deal for one of Nigeria’s […]
