Frauds & Scandals

Alleged fraud: EFCC to re-arraign ex-MDs Akingbola, Atuche, Nwosu

7/7/2016/Punch Eniola Akinkuotu The Economic and Financial Crimes Commission says the trial of three former Managing Directors of defunct banks has received a major boost. The three bank Managing Directors include Mr. Erastus Akingbola of the defunct Intercontinental Bank, who is accused of stealing N47.1bn; the MD of the defunct […]

Dasuki Not Zenith Bank Financed Fayose – Aluko Confesses

5/7/2016/The Will A former Secretary of the Peoples Democratic Party (PDP) in Ekiti State, Dr. Temitope Aluko, has revealed that the Governor Ayodele Fayose’s election was funded with cash from the Office of the former National Security Adviser, Col. Sambo Dasuki (retd.), Aluko disclosed this during a live interview programme […]

CBN Sacks Skye Bank Board, Names MK Ahmad, Tokunbo Abiru, Interim Chairman, MD

By InvestAdvocate Lagoos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday dissolved the board and management of Skye Bank Plc on issues bordering on Non Performing Loans (NPLs), Liquidity concerns and Capital adequacy Ratio (CAR) and appointed MK Ahmad former PENCOM Chairman as the new chairman of the board and […]