Frauds & Scandals

Nigeria’s upper house to investigate potential rail deal with GE

November 8, 2016/Reuters Nigeria’s upper house of parliament will investigate a railway concession the government wants to grant to U.S. firm General Electric over possible violations by Nigerian officials, lawmakers said on Tuesday. The lower house had already launched a similar inquiry last month into talks between the government and […]

The Un-Enforceability of the Nigerian FRC’s Code of Corporate Governance

Photo Credit: L’Oréal Culled—Proshare November 8, 2016/Fisayo Esan The Financial Reporting Council of Nigeria (“FRC”) recently issued its Code of Corporate Governance (“The Code”) for the Public Sector, the Private Sector and for Not-for Profit Organizations which became applicable from 17th October 2016. The focus of this article will be […]

Farmers Drag Lafarge to Court for Destruction of Farms

By Our Correspondent Lagos (INVESTADVOCATE)-A group of farmers under the auspice of the United Farmers having their farms adjacent to the Papalanto Plants of the Multinational cement manufacturer , Lafarge Africa Plc have drag the company to court. The farmers in SUIT NO FHC/L/CS/1283/2016 filed at the Federal High Court […]