January 19, 2017/SEC In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday at the EFCC office in Abuja. The MoU serves to […]
Frauds & Scandals
GTBank Manager Denies Knowledge of Documents Submitted by EFCC
Culled–Proshare Nwachukwu Amazu, head of the fund transfer unit of Guaranty Trust Bank (GT BANK), on Wednesday denied knowledge of the documents his bank sent to the Economic and Financial Crimes Commission (EFCC) on Senate President Bukola Saraki. Nwachukwu, who is the second prosecution witness in the trial of Saraki […]
Heritage Bank Sacks 400 Staffers
16/1/2017/NAN Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations on Monday indicated that more workers are penciled for sack. The bank, in October 2014, acquired Enterprise Bank with about N56bn ($281m). A top management source in the bank, who pleaded anonymity, […]
