27/12/2017/Reuters JPMorgan Chase & Co will pay US$2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries over more than eight years, a US regulator said on Wednesday. The Financial Industry Regulatory Authority said JPMorgan Clearing Corp created hundreds of millions […]
Frauds & Scandals
Banking Practices, Financial Crimes and The GTB, EFCC and INNOSON Case – Observations
Culled—Proshare Thursday, December 21, 2017 11.08AM / Victor Olowogorioye After reading through many versions of the GTB/EFCC/INNOSON saga, I came up with the following facts: That Innoson is a valuable customer of GTB. That Innoson had Import Finance Facility Line, IFF Line with GTB to import spares parts with the […]
Osinbajo Continues Spot Checks on Fuel Stations, Depots, Meets Oil Marketers on Christmas Day
December 26, 2017 In continuation of his on-the-stop assessment of the fuel situation in parts of Lagos, Vice President Yemi Osinbajo, SAN, today paid a visit to fuel depots in Apapa area of Lagos State, and assured Nigerians that the Buhari’s administration was working round the clock to end the […]
