April 24, 2015/Bloomberg Nigeria has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. The Central Bank of Nigeria has “observed the rising trend of non-performing loans,” Tokunbo Martins, director of banking […]
Frauds & Scandals
Deutsche Bank fined record $2.5 billion in rate rigging inquiry
Thu Apr 23, 2015/Reuters U.S. and British regulators fined Deutsche Bank (DBKGn.DE) $2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. The record penalty in a seven-year investigation that has […]
Court decides Oyedepo, stockbroker’s N1.86bn suit May 27
A Federal High Court in Lagos has further reserved ruling till May 27, 2015, on the preliminary objection filed by the founder, Living Faith Church, a.k.a. Winners’ Chapel, Bishop David Oyedepo, against the N1.86bn claim by a stock brokerage firm. The firm, Valueline Securities and Investment Limited, and its Managing […]
