September 6, 2018/NSE Following our earlier announcement to The Nigerian Stock Exchange (“NSE”) on 30 August 2018, in respect of the penalty of N1.886 billion imposed by the Central Bank of Nigeria (“CBN”) on our banking subsidiary – Stanbic IBTC Bank PLC (the “Bank”) in relation to the remittance of […]
Frauds & Scandals
EXCLUSIVE: AGF Malami Gives Banks, MTN 14-Day Ultimatum To Pay CBN’s N5.87bn Fine
“The Office of the Honourable Attorney-General of the Federation and Minister of Justice hereby request that the said amount referenced hereto are to be paid into the: Account Name: FGN ASSET RECOVERY ACCOUNT, Account No: CBN 0020054161191, Currency: Naira,” read the letter, personally signed by Malami September 6, 2018/Sahara Reporters […]
SEC Charges Former President of Tennessee-Based Company for Deceiving Investors as to Role of Two Convicted Criminals in Oil Investment Scheme
5/9/2018/US SEC The Securities and Exchange Commission charged the former president of a Tennessee-based energy company with concealing from investors that two convicted criminals ran the company and led a $15 million oil investment scheme affecting more than 150 investors. The SEC’s complaint alleges that the former president of Southern […]
