August 27, 2016/The Will The Central Bank of Nigeria (CBN) says commercial banks are circumventing its international money transfer rules by criminally opening multiple company and personal accounts where they receive inflows for onward disbursements to recipients in Nigeria. In a circular to banks titled: Illicit International Money Remittances Through […]
Frauds & Scandals
First Bank Executive Director Clarifies Role In Alison-Madueke’s Alleged Loot
24/6/2016/The Will The Executive Director in charge of Public Sector at First Bank, Mallam Dauda Lawal, has confirmed that he was actually queried by the Economic and Financial Crimes Commission, EFCC, on his relationship with a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, and what he knows about the […]
Federal Court Rules Against First Bank In Assets Dispute
August 25, 2016/Sahara Reporters Justice Abdulaziz Anka of the Federal High Court in Ikoyi, Lagos ruled against the order given by Justice Saliu Saidu stating that First Bank Plc., through its receiver, Mr. Emmanuel Oyebanji, to take over the entire assets of an oil firm Zone 4 Energy. The judge ruled that Chukelad Nigeria Limited, a third party in trade with […]
