Frauds & Scandals

Guinness Nigeria Responds to Pharmdeko N175.6 Million Debt Claims

March 14, 2017/NSE Guinness Nigeria Plc wishes to notify the Nigeria Stock Exchange and our shareholders that it has responded to a court process filed by Pharma Deko Plc which alleges that Guinness Nigeria is contractually indebted to Pharma Deko Plc in the sum of N175, 699, 317.99 representing an […]

MAS Issues Prohibition Orders Against Individuals Involved In 1MDB-Related Breaches

Culled—Proshare March 13, 2017/New Startupbootcamp & PwC Report The Monetary Authority of Singapore (MAS) announced today that it has issued a 10-year Prohibition Order (PO) against Mr Tim Leissner, a former director of Goldman Sachs (Singapore) Pte (GS S’pore).1 MAS has also served notice of its intention to issue POs […]

Unity Bank Sues Ex-Militant Tompolo Over N5.3b Debt

12/3/2017/Sahara Reporters Unity Bank Plc has sued a limited liability company, Muhaabix Global Services, owned a former Niger Delta militant, Government Ekpemupolo  (aka Tompolo), at a Federal High Court in Lagos to recover a debt of N5,320,953,095.40. Joined as co-defendants in the N5.3 billion debt recovery suit are two ocean-going […]