By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender Diamond Bank Plc on Wednesday said its third quarter (Q3) pretax profit for the period ended September 30, 2014 declined 7.2 percent to N23.7 billion from N25.6 billion in the Q3 period of 2013, according to a filing with the Nigerian Stock […]

Some Nigerian banks exploit the country’s weak accounting system to boost their balance sheets, the Chairman, Securities and Exchange Commission, Dr. Suleyman Ndanusa, has said. Ndanusa said this in a keynote address he delivered at the 2014 Annual Conference of the Association of National Accountants of Nigeria in Abuja on […]

An Economic and Financial Crimes Commission (EFCC) witness, Emmanuel Al-Hassan, on Tuesday told a Lagos High Court that a lot of documents were contrived by the former Managing Director of the defunct Afribank Plc, Sebastian Adigwe, and other directors to cover up over N15 billion allegedly stolen from the bank. […]