Mon May 23, 2016/Reuters South Africa’s Standard Bank said on Monday it had lost 300 million rand ($19 million) in a card fraud incident in Japan, after the perpetrators used counterfeit cards to withdraw cash from automatic teller machines. The bank said its South African operations suffered the losses, not […]
Frauds & Scandals
SEC Says Do Not Regulate Multipurpose Cooperative Societies
23/5/2016/SEC This is to notify the general public that the Securities and Exchange Commission, as the apex regulatory body of the Nigerian Capital Market has received complaints against the activities of some Multipurpose Cooperative Societies. These complaints border on the failure of these Societies to redeem matured investments, as well […]
Diezianigate: FBN Holdings Confirms Arrest of First Bank ED by EFCC
By InvestAdvocate Lagos (INVESTADVOCATE)-FBN Holdings Plc last week confirmed the arrest of its executive director by the Economic and Financial Crimes Commission (EFCC). FBN Holdings said the arrest is in connection of sums allegedly distributed by former Petroleum Minsiter, Deziani Allison-Madueke; involving Dauda Lawal and ED of First Bank of […]
