The Appeal Court in Lagos has been urged to upturn the sale of Fortune Towers by Union Bank. Fortune Towers, which is located at 27/29 Adeyemo Alakija Street in Victoria Island area of Lagos, was said to have formed part of the assets of defunct Fortune International Bank Plc. The […]
Frauds & Scandals
SEC Investigates NSE on Technical Suspension of Access Bank Shares
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said it’s investigating the technical suspension placed on the trading of shares of top tier lender Access Bank Plc by the Nigerian Stock Exchange (NSE). The commission in a statement said it’s aware that the NSE in September 2014 […]
Bank of America moves past worst legal costs, posts loss
Bank of America Corp (BAC.N) said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank’s common shareholders a net loss for the third quarter. Since 2010, the second-largest U.S. bank has agreed […]
