Frauds & Scandals

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 […]

SEC Restores Standard Alliance Capital License, Lifts Suspension on Strand Capital Partners

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said on Wednesday it has restored the license of Standard Alliance Capital & Asset Management Limited as Issuing House and Fund Manager with effect from August 10, 2015. “This is to inform the investing public that The Securities & Exchange Commission […]