Frauds & Scandals

Halliburton to pay $29.2 mln to settle U.S. charges tied to Angola

27/7/2017/Reuters By Sarah N. Lynch Oil giant Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said Thursday. The Securities and Exchange Commission said Halliburton’s former vice president, Jeannot […]

Nwasike Freed From EFCC Nest, Demands N160M Compensation

July 26, 2017/CFO & Associates Retired Staff of Shell Petroleum Development Company (SPDC) and businessman, Engineer Obi Nwasike has been unconditionally released from EFCC captivity. Engr. Nwasike was released last week Wednesday shortly after his arrest by EFCC operatives upon his landing at the Murtala International Airport, Lagos. Speaking through […]

Skye Bank Plc Denies Concealing TSA Funds

Culled—Proshare July 21, 2017/Skye Bank Skye Bank Plc issued this release: “Our attention has been drawn to media reports of a ruling of the Federal High Court in Lagos yesterday July 20, 2017 wherein seven commercial banks were ordered by Hon Justice Chuka Obiozor to remit a total of $793.200.000 […]