Frauds & Scandals

Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits

Culled—Proshare 13/3/2018/SEC News The Securities and Exchange Commission today charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB). The firms agreed to settle the charges by paying penalties or disgorging […]

Lagos State And The Politics Of Taxation

Culled—-Proshare March 13, 2018/By Reuben Abati  The government of Lagos state seems to be currently in the eye of the storm over its introduction of a law, a property tax as it were, known as the Land Use Charge Act of 2018, which repeals a similar law of 2001, and […]

NDIC to Investigate Banks for Failure to Make Returns on Fraud Cases

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 […]