By Our Correspondent Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange Thursday fined three (3) Dealing Member Firms N21 million for Market Infraction. This is contained in a Statement posted on the website of the NSE and obtained by www.investadvocateng.com in Lagos Nigeria. This is coming on the heels of the Disciplinary Committee […]
Tag: fine
NIGERIAN WONDER: N27bn pension thief gets N750,000 fine
Surprise pervaded a Federal Capital Territory High Court, Abuja on Monday when a director of the Police Pension Office, Mr. John Yusuf, was handed down only a two-year jail sentence for conniving with others to defraud the office and pensioners of N27.2bn. Yusuf admitted to stealing N2bn of the money. […]
UBS admits fraud in $1.5 billion Libor rigging deal
Swiss bank UBS was hit with a $1.5 billion fine on Wednesday, admitting to fraud, paying bribes to brokers and “pervasive” manipulation of global benchmark interest rates by dozens of staff in a deal with international authorities. The penalty agreed with U.S., UK and Swiss regulators is more than three […]
