Frauds & Scandals

Abu Dhabi’s Mubadala fund pulls out of Etisalat Nigeria

24/6/2017/Reuters By Camillus Eboh and Chijioke Ohuocha Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the central bank said on Friday. It gave no details on […]

$1.2b: Banks Seek Probe Of Etisalat’s Management

Culled—Sahara Reporters by Lucas Ajanaku, Assistant Editor, The Nation Jun 21, 2017 The 13 banks involved in Etisalat Nigeria’s $1.2 billion loan are seeking the Federal Government’s intervention to investigate the firm’s management. The banks plan to seek an Economic and Financial Crimes Commission (EFCC) probe of what the company […]

Uber CEO Travis Kalanick resigns under investor pressure

June 21, 2017/Reuters By Heather Somerville and Joseph Menn Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services […]