May 3, 2017/Press Release The three-man Presidential Investigative Committee set up by President Muhammadu Buhari, GCFR, under the chairmanship of Vice President Yemi Osinbajo, SAN, to inquire into the Discovery of Foreign and Local Currencies by the Economic and Financial Crimes Commission (EFCC) at Osbourne Towers, Ikoyi, Lagos and the […]
Frauds & Scandals
GTBank, FCMB, Union Bank Expelled from Wholesale Forex Window over Infractions
May 2, 2017/The Will The Central Bank of Nigeria (CBN) has banned over a dozen commercial banks in Nigeria from the highly lucrative Wholesale FX window (spot and forwards) for deliberately frustrating efforts by small and medium scale enterprises (SMEs) to access foreign exchange from the new forex window created […]
Norilsk Nickel issues notice of legal proceedings against Government of Botswana
April 28, 2017/Norilsk Nickel Norilsk Nickel (www.Nornik.ru/en) has served notice that it intends to commence legal proceedings in Botswana against the Government of Botswana in respect of its involvement in the reckless trading of BCL Limited and BCL Investments Proprietary Limited (together “BCL”), with a view to recovering the c. […]
