As part of efforts to tackle fraud on electronic banking platforms, the Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to implement anti-fraud solution on their cards management system not later than January 30, 2015.Ce In addition, the banks are expected to ensure that from February 01, […]
Frauds & Scandals
Goldman Sachs to Award Blankfein $24 Million in Stock, Cash
Jan 22, 2015/Bloomberg Goldman Sachs Group Inc. awarded Chief Executive Officer Lloyd C. Blankfein $24 million in salary and cash and stock bonuses for 2014, according to a person familiar with the matter.
Ivorian Court Orders Ecobank to Pay Former CEO Tanoh $12.3 Million
By InvestAdvocate Lagos (INVESTADVOCATE)- Francois Koumoin, the president of the commercial court in Abidjan has ordered pan-African lender, Ecobank Transnational Incorporated to pay Thierry Tanoh its former chief executive officer (CEO) the sum of 7 billion CFA Francs ($12.3 million), according to a Bloomberg report. In March 2014, the pan-African […]

