Culled—Proshare September 19, 2016 First SEC Enforcement Actions For Auditor Independence Failures Due To Close Personal Relationships The Securities and Exchange Commission today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close […]
Frauds & Scandals
Nokia-Alacatel’s Nigerian offices closed by watchdog for lack of licence
Sept 9, 2016/Reuters Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications Commission’s (NCC) spokesman Tony Ojobo said that the mobile telecoms equipment manufacturer had failed to obtain the 2 million naira […]
FirstBank Says Arisekola Alao-Lister Oil Tank Farm Forgery Allegation Spurious Claim
Sept 7, 2016/First Bank of Nigeria Ltd Our attention has been drawn to the story in some media publications on the purported allegation of forgery against our officers by Ismail Arisekola-Alao in respect of the Deed of Guarantee of Lister Oil Limited. To set the record straight and for public […]

