Frauds & Scandals

CBN, FIRS, NIPOST clash over stamp duty

February 3, 2016/Punch By Everest Amaefule, Abuja Tension is brewing among three key government agencies over the implementation of the stamp duty recently reintroduced to the banking industry by the Central of Bank of Nigeria. Investigation by our correspondent showed that there had been several closed-door meetings in the last […]

NeFF Unveils 2014 Report ‘e-Fraud Fighting the Battle, Winning the War’

February 2, 2016/CBN Click to download Nigeria Electronic Fraud Forum 2014 Annual Report ” e-Fraud Fighting the Battle, Winning the War” NeFF: Improving Card Payments Security and Trust In 2011, the Central Bank of Nigeria in conjunction with the Bankers Committee embarked on an ambitious project of transforming the Nigerian […]

CBN’s N50 Stamp Duty Illegal -Expert

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Despite the explanation of the Central Bank of Nigeria (CBN) last Thursday on some misconceptions among members of the public on the implementation of N50 stamp duty on bank transactions, Barrister Bisi Iyaniwura, a Lagos based Investment and Commercial Lawyer said the action was illegal. […]