Frauds & Scandals

Who Owns Legacy Shares After $864m Write Off At Ecobank; Post Securities Fraud

Culled—Proshare Sunday, June 11, 2017   09.15PM  / TheAnalyst / Proshare Research / News & Investigations Following our May 10, 2015 publication on “How to buy a Nigerian bank with no money” and the series on why Skys Banks’s bid for Mainstreet Bank was a certain death knell for the bank; […]

SEC Says will Revoke Registration of 400 Capital Market Operators on Non-Compliant of Data Update

June 5, 2017/SEC The Securities and Exchange Commission (SEC) is to revoke the registration of about 400 Capital Market Experts or Professionals who do not comply with the directive to provide updated information of their companies/firms by July 31, 2017.    According to a circular from SEC, “any firm whose […]

Senate Passes Key Anti-Corruption Bill

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 […]