Frauds & Scandals

IEI Sacks Two Directors

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, International Energy Insurance Plc (IEI) said on Friday it has fired two (2) of its directors, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). According to the insurer, Callistus Udalor and Tosayee Ogbomo were removed as directors of the company following […]

Subprime Mortgage Crisis: S & P, Justice Department May Enter $1.37 billion settlement- WSJ

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Renowned rating agency Standard & Poor’s and the U.S. Department of Justice may enter into a $1.37 billion settlement on Thursday, according to a report by the Wall Street Journal (WSJ) on Wednesday. This is coming on the heels of the Justice Department suing Standard […]

Okonjo-Iweala attacks Soludo, says he’s Nigeria’s worst CBN governor ever

Jan 28, 2015/Premium Times Nigeria The Minister of Finance, Ngozi Okonjo-Iweala, on Wednesday took the former Central Bank of Nigeria, CBN, Chukwuma Soludo, to the cleaners over his criticism  of President Goodluck Jonathan’s management of the country’s economy, saying his comments amounted to committing “intellectual hara-kiri”. The Minister, who spoke […]