Frauds & Scandals

How Billionaires in London Use Secret Luxury Homes to Hide Assets

March 2, 2015/Bloomberg    On London’s Billionaires Row in Hampstead, the seven-bedroom Carlton House with its 50-foot ballroom, underground swimming pool and 10-person Turkish bath is for sale for 14 million pounds ($21.5 million). It’s being sold to repay BTA Bank after British courts seized assets from the Kazakh lender’s […]

Missing N30trn: You Missed The Point, Soludo Tells President Jonathan

February 25, 2015/The Will Professor Charles Soludo, a former governor of Nigeria’s central bank, Tuesday faulted President Goodluck Jonathan’s casual dismissal of his claims that over N30 trillion naira of state funds have either been stolen or mismanaged under the watch of the Coordinating Minister for the Economy and Finance Minister, Dr. […]

N5bn fraud: A’Court orders fresh trial of Akingbola

The Lagos Division of the Court of Appeal has reinstated a N5bn fraud charge struck out by a Federal High Court in Lagos against a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola. The appellate court, which upturned the judgment of the trial judge, Justice Charles […]