March 12, 2018/NDIC The Nigeria Deposit Insurance Corporation (NDIC) is to investigate some banks for the inadequate rendition of returns to the Corporation on instances of fraud, forgeries, and cases involving members of their staff who were either dismissed or had their appointments terminated on grounds of fraudulent activities. Section […]
Frauds & Scandals
IOSCO seeks to protect senior investors from financial fraud, unsuitable investments and other risks
March 12, 2018/IOSCO The Board of the International Organization of Securities Commissions has published today a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. The report Senior Investor Vulnerability reveals that seniors are at a […]
NDIC to probe banks as fraud cases rise, loss hits N2.37b
12/3/2018/The Guardian The cases of fraud are rising in the nation’s banking industry, prompting a resolve by the Nigeria Deposit Insurance Corporation (NDIC) to investigate affected banks. In a statement, NDIC reported a 56. 3 per cent jump in reported cases from 16,751 in 2016 to 26,132 in 2017, resulting […]
