Photo Credit: Wikipedia Culled—Proshare May 30, 2017 The Senate has approved and passed the Bill on Mutual Assistance in Criminal Matters between Nigeria and other Foreign States. The executive bill presented to the Senate by President Muhammadu Buhari, provides for the repeal of the Money Laundering Act of 2011 (as […]
Frauds & Scandals
Banks lost N2.19bn to fraudsters in 2016 – CBN
31/5/2017/Punch Ifeanyi Onuba The Central Bank of Nigeria on Tuesday said that Deposit Money Banks in the country lost a total of N2.19bn to fraudsters in the 2016 fiscal period. The figure was contained in the Nigeria Electronic Fraud Forum Annual Report, which was unveiled by the CBN Governor, Mr. […]
1MDB-Related Transactions – Financial Penalties Imposed On Credit Suisse & UOB by MAS
Culled—Proshare May 30, 2017/News The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition […]
