26/9/2017/Reuters Britain’s Serious Fraud Office said on Tuesday it will bring charges against two former executives of collapsed oil company Afren this week over alleged fraud relating to business deals in Nigeria. The SFO said it would bring the charges on Wednesday against ex-chief executive Osman Shahenshah and former chief […]
Frauds & Scandals
N8bn CBN scam: Court adjourns ruling in bankers’ bail request
September 27, 2017/Punch Olufemi Atoyebi, Ibadan Justice Mrs. J.O. Abdulmalik of the Federal High Court, Ibadan Division, on Tuesday, adjourned ruling on the bail request made by the eight bankers standing trial in the Central Bank of Nigeria N8bn mutilated currency fraud Abdulmalik said she would rule on the bail […]
US SEC Announces Enforcement Initiatives To Combat Cyber-Based Threats And Protect Retail Investors
Culled—Proshare September 26, 2017/SEC The Securities and Exchange Commission today announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related misconduct and the establishment of a retail […]
