By InvestAdvocate Lagos (INVESTADVOCATE)-President Goodluck Jonathan on Monday ordered the immediate release of the full report of the forensic audit of the accounts of the Nigerian National Petroleum Corporation (NNPC).
Frauds & Scandals
Nigeria’s Central Bank Orders Lenders to Disclose Bad Debtors
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 […]
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 […]
