Frauds & Scandals

The Cost of Corruption in Nigeria … and More Deaths Than We Should Have

Culled—-Proshare March 8, 2018/Andrew S Nevin, PhD  We published our Cost of Corruption paper a while back – back at the beginning of 2016 (in fact, we were very privileged to be able to present it to the Vice President of Nigeria before releasing publically). In the paper, we showed […]

Japan punishes seven cryptocurrency exchanges over regulatory lapses

7/3/2018/Reuters Taiga Uranaka, Thomas Wilson   Japan on Thursday punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after the $530 million theft of digital money from Tokyo-based Coincheck Inc. The Financial Services Agency criticized the exchanges for lacking the […]

Microfinance Bank Accuses Sterling Bank Of N219m Fraud

March 7, 2018/Sahara Reporters A microfinance institution, OHHA Microfinance Bank Limited, has accused Sterling Bank Plc of defrauding it of N219 million it deposited with the bank. The accusation was made in a letter to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly […]