Frauds & Scandals

Dangote seeks $17, 728 damages against Zambian minister

Africa’s richest man, Aliko Dangote has instituted legal action against Zambia’s Labour Minister, Fackson Shamenda, claiming $17, 728 damages over alleged defamation of character. According to the processes in the suit filed at the country’s High Court, Dangote, through one of his companies, Dangote Industries Zambia, is seeking an order […]

Swiss Firms Demand Forensic Audit on Change of Ownership of Union Bank

Swiss Firms Demand Forensic Audit on Change of Ownership of Union Bank writes Tobi Soniyi in Abuja Two Swiss firms, GG Private Limited and Rainmaker BV Limited, have requested a Federal High Court in Abuja to order a forensic audit of the change of ownership of Union Bank of Nigeria […]

EFCC may recover N40bn debt for Unity Bank

The management of Unity Bank Plc plans to invite the Economic and Financial Crimes Commission to help it recover the over N40bn debt owed by customers who have been failing to fulfil their loan obligations. The Managing Director, Unity Bank, Mr. Henry Semenitari, who spoke to newsmen in Abuja on […]