Dec 22, 2014/Bloomberg Alstom SA (ALO) pleaded guilty and agreed to pay a record $772 million to end a U.S. Justice Department investigation into bribes paid to win power-plant contracts in Indonesia and the Middle East. U.K. authorities also charged another unit today for paying bribes in Lithuania. The U.S. […]

Access Bank Plc said it had sold some London properties of a former Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola, in a bid to recover a debt of N164bn from him. According to the bank, a sum of £11m has so far been recovered by selling Akingbola’s […]

Committee of electronic-Banking Industry Heads has called for a regulatory environment that will promote innovation and further prevent fraud in the e-payment industry. The CeBIH Chairman, Mr. Tunde Kuponiyi, who made the call, emphasised the importance of appropriate regulatory framework in moving the nation’s nascent e-payment sector to the next […]