Frauds & Scandals

PTA, BTA: CBN Urges Customers to Report Banks Not Selling, Says Enough Dollars Supplied

May 24, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday urged customers to report commercial banks that refuses to sell dollars to them for their  personal travel allowance (PTA) and business travel allowance (BTA) “The Central Bank of Nigeria (CBN) has reliably gathered that some banks […]

SEC Charges Marijuana Company and its CEO With Fraud

May 22, 2018/US SEC On May 21, 2018, the Securities and Exchange Commission charged Bud Genius Inc. and its CEO with defrauding investors by making exaggerated and misleading claims about the medical marijuana company’s business operations and financial condition. The SEC’s complaint, filed in federal district court in the Southern […]

FCMB depositors lose over N600m to fraudulent staff

May 22, 2018/The Witness -As Police declare bankers wanted The Divisional Police Office, Lion Building, Campbell Street at the Lagos Island has declared eight persons, who were of the banking profession, wanted over charges bordering on fraudulent theft of over N600 million naira from depositors’ accounts with First City Monument […]