Frauds & Scandals

Alleged N446.3bn Abacha Loot: FG Discontinues Case Against Mohammed

… May Hand Abacha PDP Governorship Ticket In Kano A new dimension was Wednesday introduced to the case filed by the Federal Government against Mohammed Abacha, the son of the late military Head of State, General Sani Abacha, over alleged N446.3billion loot. The Federal Government, which had complained of the […]

Ashaka/Lafarge merger sparks protests at AGM

Representatives of the communities hosting AshakaCem Plc, yesterday, walked out of the venue of the Annual General Meeting of the company to protest the planned merger of the cement company and Lafarge Wapco. The communities based their grudges on the failure of the company to commence work on the expansion […]

Ex-Goldman director goes to prison, still owes $13.9 million fine

Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer. Gupta, 65, reported to FMC Devens, a medical facility and […]