Afren Plc (AFR), the U.K. explorer in Nigeria that suspended its chief executive officer and three senior staff, expanded its probe into unauthorized payments and is reviewing about $433 million on its half-year balance sheet. The company appointed KPMG LLP to review three transactions between the explorer and partners in […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday issued an alert concerning the increase of activities of market fraudsters/impersonators. This is contained in a circular with reference number BDR/CIR/OU/08/14 and signed by Olufemi Shobajo, head, broker dealer regulation to dealing member firms. The NSE had referred […]

The simplification of banking services by technology has brought with it some hazards, including online frauds, OZIOMA UBABUKOH writes on the increasing rate of tampering with customers’ funds by bank employees Cases of internal online fraud committed by bank employees have been on the rise lately, The PUNCH has learnt. […]