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 […]
Frauds & Scandals
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 […]
Benue Sells 7.0 billion Naira Units in Dangote Cement, Opposition queries motive
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Benue State has sold about 30 million units of its shares worth 7.0 billion naira in Dangote Cement Plc (DANGCEM) held in trust for the indigenes by the Benue Investment and Property Company Limited, a source familiar with the deal confirmed to InvestAdvocate. Our source […]