Frauds & Scandals

AMCON to Wind-Up MRS Holdings Ltd Over N81billion Debt

July 11, 2016/AMCON As part of its recovery efforts, which has been stepped up in the last couple of months, the Asset Management Corporation of Nigeria (AMCON) has initiated steps to wind-up MRS Holdings Limited over the inability of MRS to pay a whooping N81billion owed AMCON. AMCON commenced a […]

I’ve N300m in my Zenith account–Fayose

8/7/2016/Punch Eniola Akinkuotu, Abuja Governor Ayodele Fayose of Ekiti State has confirmed an allegation by the Economic and Financial Crimes Commission that he had N300m in one of his accounts in Zenith Bank with number 9013074033. The governor’s Special Adviser on Public Communications and New Media, Lere Olayinka, said this […]

N2.5bn bank debt: Court freezes R.T. Briscoe’s accounts, assets

7/7/2016/Punch Ramon Oladimeji Justice Ibrahim Buba of a Federal High Court in Lagos has barred R.T. Briscoe Nigeria Plc from accessing its funds in various commercial banks in the country over an alleged bank indebtedness of N2.5bn. The judge also restrained the company and its agents “from tampering with, alienating, […]