Frauds & Scandals

Ecobank Appeals Togolese Court Order on Tanoh

The Ecobank Transnational Incorporated (ETI) has rejected the order of a Togolese labour court that awarded its dismissed former chief executive officer, Thierry Tanoh, $11.6 million as alleged damages for supposed ‘wrongful dismissal.’  Therefore, the pan-African bank, which described the ruling as “disappointing,” said it would file an appeal. “ETI […]

N30tn missing under Okonjo-Iweala, Soludo insists

A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Wednesday said he stood by the statement he made in his last article that over N30tn was missing, stolen or unaccounted for under the Minister of Finance, Dr. Ngozi Okonjo-Iweala. Soludo, who said Okonjo-Iweala had responded to […]

Stockbroker sues Oyedepo, NSE for breach of contract

A stock brokerage firm, Valueline Securities and Investment Limited, has instituted a legal action against the founder of the Living Faith Church, popularly known as Winners’ Chapel, Bishop David Oyedepo, over alleged breach of agreement on a N9bn worth of investment. The firm along with its Managing Director, Samuel Enyinnaya, […]