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 […]

AMCON to Publish List of Bank Loan Defaulters

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Asset Management Corporation of Nigeria (AMCON) said on Monday it will publish the list of bank loan defaulters in line with the directives of the Central Bank of Nigeria (CBN), a Reuters report said. This is coming on the heels of Nigeria’s “bad bank” […]