Frauds & Scandals

SEC Places Intl Standards Securities on Indefinite Suspension

By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities & Exchange Commission on Tuesday March 10, 2015 suspended International Standards Securities Ltd, its Directors and Sponsored Individuals from all capital market activities, the commission said ina notice on its official website. According to SEC, the company is being suspended for its non-compliance with SEC […]

Missing $20bn issue not adequately addressed – Sanusi

Former Governor of the Central Bank of Nigeria and   the current Emir of Kano, Lamido Sanusi, says the issues surrounding the missing $20bn oil money have not been adequately addressed by the Federal Government. Sanusi, who is now known as Emir Muhammadu Sanusi II, had last year raised the alarm […]

Switzerland Returns $380 Million In Abacha Money To Nigeria

March 17, 2015/Associated Press Swiss officials say they are returning to Nigeria some $380 million linked to the country’s former dictator, Gen. Sani Abacha. Geneva prosecutors said Tuesday they ordered the money seized in Luxembourg starting in 2006. It was transferred to Switzerland and officially confiscated last year following an […]