Frauds & Scandals

Ecobank apprehends, Hands Over Fraudster to Police

9/6/2018/Ecobank Ecobank has apprehended and handed over an internet fraudster, James Nwagalezi who attempted to hack into its Mobile app to swindle huge sum of funds running into several millions of naira to the Police authourities.  A reliable source in the bank was quoted as saying the Management of the […]

SEC Obtains Lifetime Bars Prohibiting Three New York town Official from Bond Offering

June 8, 2018/US SEC The Securities and Exchange Commission has obtained lifetime bars prohibiting three town officials, who allegedly hid a deteriorating financial situation from investors, from participating in municipal bond offerings. In addition to the lifetime municipal security bars, the final judgments, entered on June 6, 2018 by the […]

Innoson Fears Contempt of Court Charges, Deletes False Claim on Supreme Court from Social Media

June 8, 2018/jspcommunications After falsely claiming a victory at the Supreme Court of Nigeria, Chairman of Innoson Motors, Dr Innocent Chukwuma has deleted his declaration on social media that the apex court has ordered GTBank to pay him N14bn within 14 days. The retraction, judicial analysts believe, was advised by […]