Frauds & Scandals

e-Fraud: CBN re-appoints Digital Encode as technical partner

Sept 4, 2015/Punch The Central Bank of Nigeria has re-appointed a leading indigenous information security firm, Digital Encode Limited, as the sole technical partner to the Nigerian Electronic Fraud Forum. NeFF, an initiative of the CBN, was set up for the identification, mitigation, prevention and prosecution of all electronic fraud-related […]

Doing business: Nigeria among 16 worst nations

Sept 4, 2015/Punch The World Bank has rated Nigeria among 16 worst nations in the world in the area of doing business. A report by the bank specifically placed the nation in 170th position out of 185 world economies polled. The ranking was obtained from the website by the ‘Ease […]

$15bn Oil Deal: Alison-Madueke Blasts Indian High Commissioner, Refutes Allegation, Demands Public Apology

Sept 2, 2015/The Will Immediate past Minister for Petroleum Resources, Mrs. Diezani K. Alison-Madueke, has dismissed allegations made by the Indian High Commissioner to Nigeria to the effect that as former minister, she “sat” on a $15 billion oil deal, describing it as spurious, unfounded and libelous. Alison-Madueke who spoke […]