Mon Mar 14, 2016/Reuters Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages of 3.256 billion euro ($3.61 billion), […]
Frauds & Scandals
Emefiele Suspends CBN Deputy Governor, 4 Others
March 13, 2016/Thisday By Anayo Okolie In a hard-line decision, a deputy governor of Central Bank of Nigeria and four deputy directors have been suspended by the apex bank Governor, Mr. Godwin Emefiele, for failing to follow financial regulations and due process, leading to the scamming of the bank by […]
SEC Says Fantastic EsanBet Operations Ponzi Scheme
By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has said the activity of Fantastic EsanBet Nigeria Limited is a ponzi scheme. “The said is not registered by the Commission to perform any function in the capital market and its operations/activities in the capital market are therefore illegal,” SEC said. […]
