Feb 05, 2015/The Will he Nigerian National Petroleum Corporation (NNPC) and subsidiary, the Nigerian Petroleum Development Company (NPDC) have been indicted by the PricewaterhouseCoopers (PWC), which carried out an extensive forensic audit of the financials of the state-owned oil giant. The corporation will have to refund $1.48 billion to the federal […]

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 […]

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 […]