Frauds & Scandals

Banks suffer fraud cases worth N16.5bn in three years

July 3, 2017/Punch The economic recession currently rocking the country has increased the volume of fraud cases in the banking industry, with the attendant loss of money, IFEANYI ONUBA writes The banking sector recorded 31,736 fraud cases involving the sum of N16.5bn between January 2014 and December 2016, figures obtained […]

Etisalat not under Investigation, 42% of Original Loan Repaid

Culled—Proshare 27/6/2017/Press Release The attention of Etisalat Nigeria has been drawn to media reports that the management of Etisalat Nigeria is being investigated by the Economic and Financial Crimes Commission (EFCC), following a petition to “the Federal Government asking that Etisalat be investigated” on how the funds from the syndicated […]

EU hits Google with a record antitrust fine of $2.7 billion

June 27, 2017/CNBC Google slapped with 2.4 billion euro ($2.7 billion) fine over antitrust abuses. The fine is the largest to be doled out by EU regulators. Google will have the opportunity to appeal to the European Court of Justice. Karen Gilchrist | Anita Balakrishnan Google has been fined a […]