April 24, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria is watching closely the activities of top officials of commercial banks allegedly involved in illegal foreign exchange transactions. It was learnt that the illegal forex activities of some top bank officials were frustrating the CBN’s efforts aimed at converging the […]
Frauds & Scandals
Whistleblower exposes N4b in GTB accounts
April 11, 2017/NAN A tip-off by a whistle blower on Tuesday, 11 April has led to the discovery by the Economic and Financial Crimes Commission, EFCC, of N4 billion kept in two separate accounts at the GTB Plc. The money was suspected to be proceeds of crime. Investigations as to […]
Shell says it knew some payments for Nigeria oilfield would go to Malabu
April 11, 2017/Reuters By Libby George Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. Shell spokesman […]
