Frauds & Scandals

GTBank and Innoson’s Day at The Supreme Court: How It Went Down

7/6/2018 By Festus Igbinosa The long running case between Guaranty Trust Bank and Innoson finally had its day in the Supreme Court, and although there have been some wild tales on what transpired, here is the factual story of how it went down. Even before the doors of the Supreme […]

CBN Direct Banks to Comply with Remittance of Cybercrime Levy

June 7, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday directed banks to comply with the remittance of the cybercrime levy on all electronic transactions by the businesses specified in the second schedule of the Cybercrime prohibition and prevention Act. A circular released by the CBN […]

Criminal Cartel Charges Laid Against ANZ, Citigroup And Deutsche Bank

Culled—Proshare June 6, 2018/Australian Competition & Consumer Commission  Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank Aktiengesellschaft (Deutsche Bank) and Australia and New Zealand Banking Group Ltd (ANZ) have been charged with criminal cartel offences following an investigation by the ACCC.  Criminal charges have also been laid against several […]