Hearing in the Central Bank of Nigeria N8bn mutilated currency fraud suit continued at the Federal High Court, Ibadan on Wednesday as the Economic and Financial Crimes Commission told the court that one of the accused persons, Mr. Ayodeji Alase, had N134m in one of his bank accounts. The EFCC […]
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 […]
