Frauds & Scandals

Statement by IEI Plc on the take-over by NAICOM

Press Release June 3, 2015/IEI NAICOM Intervention On Monday May 18th the National Insurance Commission (NAICOM) inaugurated a new interim Board to direct the affairs of International Energy Insurance Plc, after the dissolution of the former board. The new board comprises Malam Muhammad Kabir Ahmad, former Director–General of the National […]

EFCC Charges 6 CBN Unscrupulous Staff to Court Over $40 Million Fraud

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFFC) said on Tuesday it has charged six (6) unscrupulous staff of the Central Bank of Nigeria (CBN) over an N8 billion ($40 million) currency fraud, a Reuters report quoted Rotimi Jacobs a lawyer to the agency. According […]

FIFA President, Blatter Resigns Amid Bribery Scandal

June 2, 2015/The Will Embattled President of FIFA, Mr. Sepp Blatter has resigned over the bribery scandal rocking the soccer body. Blatter has called for fresh elections to elect a new President. Blatter, who was re-elected for a fifth term last week, has called for an emergency FIFA congress to […]