A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a […]
Frauds & Scandals
Polymer scandal: FG may extradite ex-Mint boss to UK
The United Kingdom has requested the extradition of a former Managing Director of the Nigerian Security Printing and Minting Company, Mr. Emmanuel Okomoyon, to face prosecution in relation to an alleged scam involving printing of polymer notes. A source at the Economic and Financial Crimes Commission confided in one of […]
NSE uncovers 68 cases of unauthorised share sales
The Nigerian Stock Exchange has in line with its zero-tolerance for market infractions imposed sanctions – from fines to suspension – on operators and other market participants. However, the report of the Exchange’s Disciplinary Committee for 2013, showed that the battle to check infractions was not over even though reforms […]

