By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Stanbic IBTC Holdings Plc said on Monday allegations leveled against it by the Financial Reporting Council of Nigeria (FRCN) were inaccurate. “Although the matter is in court, we are constrained to respond to certain aspects of the report for the benefit of our stakeholders […]
Frauds & Scandals
Nigeria fines MTN $5.2 bln over phone registrations
Mon Oct 26, 2015/ Reuters * MTN is Africa’s largest mobile operator * Nigeria is MTN’s biggest market * MTN shares down 12 pct (Adds analyst comments, Nigeria economy, shares) Telecom group MTN confirmed on Monday that the Nigerian regulator had fined it $5.2 billion for failing to disconnect subscribers […]
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 […]
