October 31, 2015/Emmanuel Asiwe, huhuonline.com It is no longer news that Nigeria elites only seek political office to enrich themselves, but what many Nigerians are not aware of is that these government officials do not steal in isolation. They need enablers, such as civil servants and Financial institutions to perpetrate […]
Frauds & Scandals
UBA Confirms Receipt of CBN’s Letter on N2.9 Billion Penalty
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global bank, United Bank for Africa Plc said on Thursday it has received a letter from the Central Bank of Nigeria (CBN) notifying it of the N2.9 billion penalty. The letter dated October 28, 2015 and signed by Bili Odum, group company secretary of UBA was […]
Moody’s lowers MTN’s rating outlook to negative on $5.2 bln Nigeria fine
Thu Oct 29, 2015/Reuters Moody’s rating agency changed the outlook on MTN Group’s credit ratings to negative on Thursday, citing the potential impact of a fine by the Nigerian telecoms regulator on the South African mobile operator’s finances. Shares in MTN have dropped 19 percent so far this week, hitting […]
