7/3/2017/Thisday By Damilola Oyedele in AbujaThe Nigeria Deposit Insurance Corporation (NDIC) has said insider loans, which constitute a higher percentage of non- performing loans in the industry, have negatively affected the sector. This is as the agency called for the enactment of legislation to prohibit insider loans, such as bank […]
Frauds & Scandals
3 million Nigerian’s lost N18bn to MMM ― NDIC
Culled—Proshare March 2, 2017 By Muhammad Sabiu, Nigerian Tribune The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that three million Nigerians had lost N18 billion in the Mavrodi Mundial Movement Ponzi scheme (popularly called MMM). This was made known by the Managing Director of the Corporation, Alhaji Umaru Ibrahim while […]
Hearing on Suit by Aderinokun’s Daughter against GTBank, Others Fixed for March 24
Culled—-Proshare March 2, 2017 By Davidson Iriekpen, Thisday A Federal High Court in Lagos tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, […]
