Frauds & Scandals

CIBN seeks passage of financial ombudsman bill

The Chartered Institute of Bankers of Nigeria has called on the National Assembly to fast -track the legislative process on the Financial Ombudsman Bill in order to ensure its speedy passage. The Registrar, CIBN, Dr. Uju Ogunbunka, stated this while speaking in an interview with our correspondent on the sidelines […]

Sanusi floors Nigerian Government as court rules against FRCN

A Federal High Court in Lagos has barred the Financial Reporting Council of Nigeria, FRCN, from investigating Lamido Sanusi, the suspended governor of Central Bank of Nigeria, CBN. Delivering judgment on Monday, Justice John Tsoho said that although the FRCN is saddled with ensuring good governance in financial matters, their […]

Six dealing members to face NSE disciplinary committee

Six dealing members are to appear before the Disciplinary Committee of the National Council of the Nigerian Stock Exchange this week for having inactive licences. A notice by the Exchange said the affected dealing members were expected to appear before the disciplinary committee on Thursday, May 15, “for a hearing […]