Oct 03, 2014/CBN It has come to the attention of the Central Bank of Nigeria that some unscrupulous persons are defrauding unsuspecting members of the public by selling application forms purportedly from the CBN for the purpose of accessing loans from the N220 billion Micro, Small and Medium Enterprises (MSMEs) […]
Frauds & Scandals
FG to arraign NBC, Coca-Cola bosses Nov. 4
The Federal High Court 8, Abuja has fixed Tuesday, November 4 for the arraignment of Coca-Cola Nigeria Limited and Nigeria Bottling Company Limited and their managing directors for alleged violation of the Consumer Protection Council Act. The Attorney-General of the Federation, Mr. Mohammed Adoke, filed three counts against the accused […]
Citigroup Legal Costs Jump as Currency Probes Accelerate
Oct 30, 2014/Bloomberg Citigroup Inc. (C) revealed that it’s facing a U.S. criminal probe into the bank’s foreign-exchange business and took a $600 million legal charge that forced it to restate third-quarter results reported two weeks ago. The lender is cooperating with criminal and antitrust investigations by the Justice Department […]

