By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Friday it’s confident about the robustness and merits of the appeals on judgments which awarded over US$26 million to Thierry Tanoh, it former chief executive officer (CEO) by Ivoirian and Togolese courts. The pan-African lender in a […]
Frauds & Scandals
SEC, NAICOM to Penalize Insurance Firms on Funds Misappropriation
Feb 12, 2014/SEC The Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM) will collaborate for better enforcement against insurance companies who misappropriate funds raised from the capital market. This disclosure was made by the Acting Director General of SEC, Mr. Mounir Gwarzo, who hosted the Management of […]
Payout to Madoff victims tops $7.2 billion
Mon Feb 9, 2015/Reuters The trustee liquidating Bernard Madoff’s firm on Monday said he is distributing another $355.8 million to the swindler’s victims, bringing the total payout to more than $7.2 billion. Irving Picard, the trustee, said the payout began on Feb. 6, and covers claims by fraud victims with […]
