March 4, 2016 By Maryam Ahmadu-Suka, The Nigeria Deposit Insurance Corporation (NDIC) has advised members of the public to stop patronising cooperative societies used by unscrupulous elements to engage in-illegal collection of deposits and defrauding of unsuspecting members of the public. The Managing Director of NDIC, Alhaji Umaru Ibrahim, who […]
Frauds & Scandals
International Energy Insurance Fires MD, Company Secretary
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, International Energy Insurance Plc (IEI) said on Tuesday it has relieved Roseline Ekeng and Paul Ekpenisi of their appointments as managing director (MD) and company secretary respectively. IEI in a notice to the Nigerian Stock Exchange (NSE) dated February 29, 2016 said the board of directors […]
South African Firms Scores Highest, Records 69% Rate in Economic Crime in Last Two Years- PricewaterhouseCoopers
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-South African organisations has reported a considerably higher frequency in the incidence of economic crime in comparison to their African and global peers, recording 69 percent rate with more than two (2) in three (3) organisations indicating that they had been victim to economic crime […]
