The suspended Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, told a Federal High Court in Lagos on Thursday that the proposed investigation by the Financial Reporting Council of Nigeria was designed to condemn him and his tenure in office.  Sanusi, who denied among other allegations contained in […]

Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The International Monetary Fund (IMF) said it’s reviewing its strategy for ant-money laundering and financing of terrorism. The IMF said its executive board on March 12, 2014, reviewed recent developments in anti-money laundering and combating the financing of terrorism (AML/CFT), and discussed proposals for […]