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 […]

The Senate Committee on Drugs, Narcotics, Financial Crimes and Anti-corruption has summoned the management of the Central Bank of Nigeria and the Asset Management Corporation of Nigeria to appear before it over seized assets worth N150bn. The two federal government agencies had seized the assets in property and cash from […]

Thu Mar 12, 2015/Reuters In the weeks leading up to the U.S. Federal Reserve’s annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank’s U.S. unit that they were painting a far too rosy picture of the bank’s […]