Frauds & Scandals

High Court of England & Wales restrains Djibouti’s port company from terminating joint venture with DP world

Port Company also prohibited from replacing DP World directors in joint venture company September 5, 2018/Government of Dubai The High Court of England & Wales has granted an injunction restraining Djibouti’s port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders’ agreement with global trade enabler DP […]

MUST READ: Emefiele Explains How CBN Hammer Came Down On MTN, 4 Banks Over Grievous Forex Infraction

3/9/2018/The Will The Central Bank of Nigeria (CBN), arrived at the decision to punish MTN Nigeria and four banks for FX infractions after a pain-staking investigation spanning a period of over 30 months, Governor Godwin Emefiele of the CBN said Monday in China. Speaking to Businessday Newspaper from China, the […]

SEC Says Ruling on BGL Scheduled for Wednesday September 5 2018

September 3, 2018/SEC The Chief Magistrate court in Wuse Zone 6, Abuja has fixed Wednesday September 5, 2018 for ruling on the various applications brought before it by BGL Plc and its subsidiaries. BGL Plc and her subsidiaries had filed 4 different applications against their trial.  These Applications centred on […]