Deposit Money Banks recorded a total of 8,502 fraud cases between January and September 2014, amounting to N23.34bn, the Managing Director/ Chief Executive Officer, Mr. Henry Semenitari, said on Thursday, quoting the latest FITC Report on Frauds and Forgeries in Banks. According to him, the report is based on 66 […]
Frauds & Scandals
Stanbic IBTC Says to Publish List of Loan Defaulters
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Stanbic IBTC Bank said on Wednesday it will publish the list of loan defaulters in line with the new directive of the Central Bank of Nigeria (CBN), according to a Reuters report. The report says that Stanbic IBTC would be among the first banks […]
SEC Order’s Wema Bank to Pay over N70 Million for Negligence
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-To ensure market confidence and promote investors apathy, the Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has ordered Wema Bank Plc to pay over N70 million for negligence. The order was made by the SEC, after an all parties meeting pursuant […]
