Frauds & Scandals

SEC Suspends Stanbic IBTC N20.4 Billion Rights Issue on Investigation

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) on Tuesday said it has put on hold the N20.4 billion rights issue of lender Stanbic IBTC Holding Company Plc following investigations. “This is to inform the investing public (particularly the shareholders of Stanbic IBTC Holding Company Plc) that […]

FRC investigates Stanbic IBTC rights issue

September 7, 2015/Punch The Financial Reporting Council of Nigeria says it has commenced investigations into allegations of financial impropriety made in the financial statements of Stanbic IBTC Bank Plc. The Executive Secretary/Chief Executive Officer, FRCN, Mr. Jim Obazee, stated this shortly after a meeting with the Director-General, National Office for […]

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 […]