Frauds & Scandals

NSE Says Trading on IKEJAHOTEL Shares Suspended

November 14, 2016/NSE Dealing Members are hereby notified that pursuant to the Provisions of Rule 15.45: Suspension on Trading of Securities, Rulebook of The Exchange, 2015 (Dealing Members’ Rules) full suspension has been placed on trading in the shares of Ikeja Hotel Plc (“the Company”) with effect from today, 10 […]

South Africa’s Eskom CEO to resign after anti-graft watchdog report

November 11, 2016/Reuters South African power utility Eskom Chief Executive Brian Molefe said on Friday he would step down in January, a week after he was implicated in a report by the anti-graft watchdog on allegations of influence peddling. Molefe said although he was stepping down, this was not an […]

DSS Raids Black Market FX Dealers

November 10, 2016/Cordros Nigerian security agents, in a bid to support the LCY, raided the offices of black market FX dealers today, detaining some and ordering others to sell dollar at an enforced rate, according to Reuters. The officers of the Department of State Services (DSS) had earlier directed the […]