Frauds & Scandals

Exclusive: U.S. graft probes may cost Petrobras record $1.6 billion or more – source

Tue Aug 18, 2015/Reuters Brazil’s Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is […]

FG Hires KPMG, PWC To Conduct Forensic Audit Of CBN, SEC, NIMASA, DPR

August 13, 2015/The Will A forensic audit of all federal government revenue generating agencies is about to commence. The audit is on the order of the committee set up by the National Economic Council (NEC) to investigate the discrepancies between the money generated from crude oil sales and the amount […]

Buhari Fires NPA Managing Director, Bayero

August 13, 2015/ The Will President Muhammadu Buhari has terminated the appointment of the Managing Director of the Nigerian Ports Authority (NPA), Alhaji Sanusi Ado Bayero. The termination of Alhaji Bayero’s appointment is with immediate effect, a statement by Femi Adesina, the President’s spokesman said Thursday. “He is to hand […]