November 10, 2016/SEC In The Matter Of the Investment and Securities Act 2007: Before the Securities and Exchange Commission Administrative Proceedings Committee (SEC APC) APC/1/2015: rivers state ministry of finance & 32 others v. BGL Plc & 30 others In re: Violation of sec rules on separation of clients funds […]
Frauds & Scandals
CBN Alerts on Increased illegal Money Transfer Operators
November 9, 2016/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to the increasing patronage of illegal Money Transfer Operators by Nigerians in the Diaspora for the purpose of home remittances. These unscrupulous operators, who lure unsuspecting customers with ridiculous exchange rate, use Naira accounts opened […]
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 […]
