March 05, 2015/SEC The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) of the Economic and Financial Crimes Commission (EFCC) have pledged stronger collaboration to fight illicit financial flows within the Nigerian capital market. The Ag. Director General of SEC Mounir Gwarzo, disclosed this when he […]
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. […]