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Money laundering: Falana wants British banks sanctioned

By Tony Amokeodo Monday, 29 Nov 2010 A Lagos-based lawyer, Mr. Femi Falana, has urged the British Prime Minister, Mr. David Cameron, to sanction some indicted banks in the United Kingdom for facilitating money laundering and large scale official corruption in Nigeria. In a letter addressed to Cameron through the British […]

EU agrees on $89 billion bailout loan for Ireland

By GABRIELE STEINHAUSER and SHAWN POGATCHNIK, Associated Press  BRUSSELS – European Union nations agreed to give euro67.5 billion ($89.4 billion) in bailout loans to Ireland on Sunday to help the debt-struck country weather its banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro […]

SEC cries blackmail over effort to reform Nigerian Capital Market

By Peter OBIORA investadvocate Nov 28 2010 17.00 GMT Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has cried blackmail over efforts to reform the Nigerian Capital Market (NCM).   This was contained in a Release Sunday November 28 2010 by Lanre Oloyi, Assistant Director/Head, Media of the Commission and made available […]