Frauds & Scandals

Deutsche Bank fined for misstating value of derivatives

The Securities and Exchange Commission said on Tuesday that Deutsche Bank made material misstatements about a giant derivatives portfolio, inflating its value at the height of the finanical crisis. Financial Times reported that the bank failed to account for a “material risk for potential losses estimated to be in the […]

Court Orders Ex-Mint Boss Remanded in Prison Pending UK Extradition

A Federal High Court monday ordered that the former Managing Director of the Nigeria Security Minting and Printing Plc (NSMP) Emmanuel Okoyomon be remanded in prison custody indefinitely. The court had earlier in its judgment delivered on May 4, 2015, granted the request by the federal government to extradite Okoyomon […]

Petition On Change.org To Strip Okonjo-Iweala Of Yale Doctorate Nears Crucial 5K

May 22, 2015/The Will A petition initiated on change.org, the world’s top online petition web platform, seeking to stop Yale University from conferring its prestigious honorary doctorate degree on Ngozi Okonjo-Iweala, Nigeria’s Minister of the economy and finance, has almost reached 5, 000, the mark required for the University to […]