Frauds & Scandals

Banks panic over TSA violation sanctions

Indications emerged on Sunday that a significant number of the 19 commercial banks operating in the country had yet to fully adhere to the Treasury Single Account policy of the Federal Government. It was gathered that as a result, the bank are in a panic mode over possible sanctions by […]

SEC says Suspension Lifted on Shalom Investment

By InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Securities and Exchange Commission (SEC) said on Friday it has lifted the suspension slammed on Shalom Investment and Financial Services Ltd and its sponsored individuals. SEC in a statement on its official website said sequel to the satisfactory resolution of all complaints; management on […]

Detained Former Petroleum Minister, Deziani Alison-Madueke, Others Get Bail

October 2, 2015/The Will Former Petroleum Minister, Mrs. Deziani Alison-Madueke and four other persons have been released on bail pending their arraignment on Monday in a London court on allegations of bribery and money laundering, according to sources in London familiar with the development. The UK’s National Crime Agency arrested […]