Former finance minister Dr. Ngozi Okonjo-Iweala on Wednesday said that the unauthorised withdrawal of $2billion from the Excess Crude Account (ECA) were used for paying for petroleum subsidies for the Nigerian people and were approved by President Goodluck Jonathan. Responding to the press statement by members of the forum of […]

The rate of fraud in the banking sector rose by 182.77 per cent from 3,786 cases in 2013 to 10,612 cases as of December 2014, the Nigerian Deposit Insurance Corporation has said. The corporation in its 2014 annual report for the banking sector said the amount involved within the period […]

June 25, 2015/ SEC The Securities and Exchange Commission (SEC) received over 40 letters of investor complaints against BGL Group Plc alleging indebtedness to the tune of about N5.8 billion. Investigations were conducted and all-parties meetings were arranged by SEC during which repayment agreements were struck between BGL and some […]