By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Emeka Emuwa, group managing director of Union Bank of Nigeria Plc (UBN) has called on internal auditors in the banking industry to brace up and tackle emerging trends in electronic fraud, which have become a real threat to the survival of the sector, a statement […]
Frauds & Scandals
JPMorgan Says Data Breach Affected 76 Million Households
Oct 2, 2014/Bloomberg JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said a previously disclosed data breach of its systems affected 76 million households and 7 million small businesses. Customer names, addresses, phone numbers and e-mail addresses were taken, the New York-based bank said today in a regulatory filing. […]
RPT-Large part of Eni’s Nigerian oil deal cash went on bribes -Italian prosecutors
Thu Oct 2, 2014/Reuters (Repeats story published on Wednesday, with no changes) * Half of $1.1 bln paid for oil field went on bribes-prosecutors * Case relates to Eni’s 2011 purchase of OPL 245 offshore field * Eni’s former and current CEO under investigation in the case * Eni executives […]
