The Central Bank of Nigeria’s cash-less policy drive is facing threats as majority of the Automated Teller Machines in the country are rejecting ATM cards issued by foreign lenders for fear of possible invasion by hackers. Sources revealed that Nigerian banks were refusing to grant access on their terminals to […]
Frauds & Scandals
Mainstreet: Investors Protest Time Frame
A group of prospective investors and shareholders in Mainstreet Bank have protested the time frame provided for submission of expression of interest for the acquisition of the bank. A copy of the protest letter addressed to the Asset Management Corporation of Nigeria (AMCON), a copy seen by Daily Trust yesterday, […]
Goldman Sachs probed on hiring, high-speed trade
Goldman Sachs Friday said that regulators have initiated probes into its international hiring practices and its high-speed trading operations. Goldman said the hiring probe was tied to the bank’s compliance with the US Foreign Corrupt Practices Act, which bars firms from bribing foreign officials. The disclosure, contained in a quarterly […]

