Frauds & Scandals

SCAM ALERT: Dangote Group raises alarm on malicious use of its brand name for online scam

October 11, 2016/Dangote Group Dangote Group has raised the alarm over the activities of online fraudsters, who are maliciously misrepresenting and misusing its brand image and that of its senior executives to defraud unsuspecting members of the public. The fraudsters according to the Dangote Group perpetuate their wicked act through […]

South Africa’s probe of finance minister must not scare investors: deputy president

October 7, 2016/Reuters By Marius Zaharia and Fathin Ungku An investigation into South Africa’s finance minister must take its course but needs to avoid rattling investors, Deputy President Cyril Ramaphosa said on Friday, amid speculation of a power struggle in the ruling African National Congress (ANC). An elite police unit […]

Court Orders AMCON To Pay Capital Oil And Gas 26bn Naira

October 6, 2016/Channels TV A Federal High Court in Abuja has ordered the Asset Management Corporation Of Nigeria (AMCON) to pay Capital Oil and Gas Limited the sum of 26 billion Naira as contained in the consent judgment delivered in 2013. Justice Abdul Kafarati in his judgement held that the court […]