15/2/2017/Reuters By Tiisetso Motsoeneng South Africa’s competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Competition Commission said it had concluded an investigation into whether banks colluded by […]
Frauds & Scandals
AGF Malami queries Emefiele on alleged Forex fraud in CBN
February 16, 2017/Punch Ade Adesomoju, Abuja The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions. Malami added, on Wednesday, the fraud allegations were “supported by several documents.” The […]
AMCON Takes Over OAS Helicopters
Photo Credit: OAS Helicopters 14/2/2017/Sahara Reporters Just five days after the takeover of Arik Air by the Asset Management Corporation of Nigeria (AMCON), the company has taken over one of the leading helicopters companies in Nigeria, Odengene Air-Shuttle Services Limited (AOS). The takeover followed a court injunction obtained by the […]
