5/8/2017/The Will David Oputah The management of Skye Bank Plc is seeking to take over some oil wells belonging to Jide Omokore, a businessman involved in some corruption cases within and outside Nigeria saying Omokore is indebted to it to the tune of about N110bn at an exchange rate of […]
Frauds & Scandals
Fraud, forgery, theft in banks fall by 48% – NDIC
August 4, 2017/Punch ’Femi Asu The banking industry recorded a decline of 48.12 per cent in the rate of successful fraud incidences, forgery and theft last year, compared to 2015, according to the Nigeria Deposit Insurance Corporation. The Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, disclosed this while delivering a […]
Stock Exchange slams N582.4m fine, expulsion on fraudulent dealer
August 2, 2017/The Nation Taofik Salako The Nigerian Stock Exchange (NSE) has revoked the operating licence of a stockbroking firm-Bytofel Securities and Investment Limited, for allegedly engaging in fraudulent activities. In addition, the firm was fine N582.37 million. A circular obtained by The Nation stated that Bytofel Securities was expelled […]
