Banks in the country have begun the implementation of the Central Bank of Nigeria’s directive that they should start charging N50 on every lodgement in current accounts worth N1,000 and above amidst outcry from customers. Investigation by our correspondent showed that some operators of Small and Medium Enterprises were not […]
Frauds & Scandals
Etisalat Takes MTN To Court Over Visafone Acquisition
February 7, 2016/The Will Etisalat Nigeria has brought a legal action against MTN Nigeria and Visafone Limited, challenging MTN’s use of the 800MHZ spectrum following the acquisition of Visafone. According to a statement released by Etisalat, “the action is considered necessary to prevent the use of the spectrum by MTN […]
SEC receives 1,500 petitions on bank charges, others
In the last one month, the Securities and Exchange Commission has received over 1,500 complaints from shareholders of quoted companies, investigations have revealed. Our correspondent gathered on Sunday that the complaints bothered on bank charges, non-payment of dividends by some quoted companies even after declaring profits, and delays in getting […]
