Frauds & Scandals

NSE Says 12 Dealing Member Firms Referred to EFCC to Date

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said it has referred 12 Dealing Member Firms to the Nigerian anti-graft agency, the Economic and Financial Crimes Commission (EFCC), according to its latest Dealing Member BrokerTrax. The NSE said in its bid to improve investors’ confidence in the market introduced a strong […]

BVN: CBN Warns Customers of Fraudsters

October 30, 2015/CBN It has come to the notice of the Central Bank of Nigeria (CBN) that certain unscrupulous individuals have been sending unsolicited mails and text messages to unsuspecting bank customers, alerting them about deactivation or suspension of their bank accounts due to uncompleted Bank Verification Number (BVN) registration […]

How Sterling Bank Allegedly Laundered N2.4bn For Gov.Uduaghan

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 […]