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, […]

EFCC, Court Order Heritage Bank to Freeze Geonel Integrated Services Accounts

March 1, 2017/Heritage Bank Plc Our attention has been drawn to a malicious and untrue report trending online, titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” and about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with […]