Frauds & Scandals

Alleged N1.3bn Fraud: Ibru, 3 Others Charged By EFCC

August 3, 2015/The Will The Economic and Financial Crimes Commission (EFCC) has charged one of the Ibru brothers, Mr. Goodie Ibru, and three companies before a Lagos High Court over an alleged N1.3 billion fraud. According to the charge sheet before Justice Raliatu Adebiyi, Mr. Ibru, Associated Ventures International Limited, […]

States owe banks N685bn — Osinbajo

Vice President Yemi Osinbajo said in Kano State on Saturday that the 36 states of the federation owe commercial banks N685bn. He said the situation made the Federal Government to assist the states with the bailout fund since the development had hindered them from meeting most of their obligations. Osibanjo […]

BGL Obtains Ex Parte Halting Appearance on SEC’s APC on August 4th

By InvestAdvocate Lagos (INVESTADVOCATE)-BGL Group and 12 orders has obtained an ex parte order halting their appearance before the Securities & Exchange Commission’s (SEC’s) Administrative Proceedings Committee scheduled for Tuesday and Wednesday August 4 and 5, 2015 respectively. “The Commission’s attention has however been drawn to an ex parte order obtained by […]