The Securities and Exchange Commission has said that BGL Group Plc, its subsidiaries and sponsored individuals will appear before the commission’s Administrative Proceedings Committee on August 4 and 5 in relation to investor complaints against the group. This was contained in a notice published on the SEC website on Thursday. […]
Frauds & Scandals
Customs Suspends Diamond, Fidelity, GTBank from Collecting Duties
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria Customs Service (NCS) has suspended three (3) Nigerian lenders, from collecting customs duties over their noncompliance with the partnership agreement with the agency on the subject, according to The Will report quoting the News Agency of Nigeria (NAN). The report said this was […]
US officials told us Jonathan’s minister stole $6bn —Oshiomhole
July 28, 2015/Punch Edo State Governor, Adams Oshiomhole, on Monday, said the Peoples Democratic Party government of former President Goodluck Jonathan had destroyed the country. Oshiomhole, who was on the entourage of President Muhammadu Buhari to the United States, said Nigeria had in Buhari a President who talked with confidence […]
