By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) has announced that 15 dealing members on its bourse will appear before the Disciplinary Committee of its National Council on July 27, 2015 for a hearing in respect of their failure to activate their Dealing Member licenses. The NSE in a notice […]
Frauds & Scandals
ECA: Jonathan approved $2.1bn withdrawal, says Okonjo-Iweala
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 […]
Banks record N25.61bn fraud in 2014–NDIC
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 […]
