Frauds & Scandals

Corruption: Nearly 1 in 3 paid a bribe in Middle East and North Africa in past 12 months

3/5/2016/Transparency International Nearly one in three citizens who tried to access basic public services in the Middle East and North Africa paid a bribe, a Transparency International (www.Transparency.org) report said today, showing that governments across the region have failed to hear their citizens’ voices against corruption. According to a public […]

Fidelity Bank MD, EFCC: Bank Says Transactions Duly Reported

28/4/2016/Fidelity Bank Plc Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015. The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC). We can confirm that […]

World Bank and Nigerian president discuss economic crisis, Abacha loot

Wed Apr 27, 2016/Reuters By Felix Onua The World Bank’s managing director and Nigeria’s president on Wednesday discussed how the multilateral lender could help Nigeria overcome its economic crisis and repatriate more than $300 million stolen by a former military ruler. On her second day of meetings with Nigerian officials, […]