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 […]
Frauds & Scandals
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 […]
Nigeria Loses About N15bn Annually To Counterfeit Products – SON
An estimated N15 billion is lost annually to fake or counterfeit products in terms of tax revenue to the government, income to local manufacturers and employment generation to Nigerians. The director, Legal Services, Standards Organisation of Nigeria (SON), Suleiman Kawo, dropped this hint when the agency hosted the staff and […]

