Fraud & Scandals Subscribe to Fraud & Scandals

Bank of England suspends staffer amid investigation into alleged currency manipulation

The Bank of England suspended a member of staff as it conducts a probe into allegations that officials condoned practices behind the currency-manipulation scandal. While the BOE said it has… Read more »

Jonathan sacks Aviation Agency Chiefs

Press Release RE-ORGANIZATION IN THE MINISTRY OF AVIATION His Excellency, Dr. Goodluck Ebele Jonathan, GCFR, President of the Federal Republic of Nigeria has approved the following re-organization in the Ministry… Read more »

Auditor-General: Constitution Bars Us from Auditing NNPC

Contrary to the testimony made last week by the Auditor-General for the Federation (AuGF), Mr. Samuel Ukura, before the House of Representatives’ Committee on Public Accounts that it had commenced… Read more »

Ecobank Holds EGM Today to Reconstitute Board

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender Ecobank Transnational Incorporated (ETI) will today (Monday) March 03, 2014 hold and extraordinary general meeting (EGM) to reconstitute its board. On January… Read more »

Citigroup reports fraud in Mexico unit, lowers 2013 results

Citigroup Inc (C.N) said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The company said in… Read more »

Nigeria’s next central bank chief a steady hand, who’ll keep out of politics

* New governor likely to continue tight monetary policy * Central bank will be expected to stay out of politics * Governor will have challenge of defending the naira Nigeria’s… Read more »

Sanusi is still CBN governor –Jonathan

President Goodluck Jonathan on Monday said  that  Mallam Lamido Sanusi  was still the  Governor of the Central Bank of Nigeria. Fielding questions from a panel of journalists during  the presidential… Read more »

ETI Schedules Emergence Board Meeting Tuesday

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Transnational Incorporate (ETI) is scheduled to hold an emergency board meeting Tuesday at its headquarters in Lome, Togo prior to its forthcoming extraordinary general… Read more »

Sanusi: Integrity as double-edged sword

In this season of politics, all actions and inactions are bound to yield various interpretations and reactions. And so has the suspension of the Governor of the Central Bank of… Read more »

Nigeria’s leader surrounded by ‘incompetent’ frauds: ex-bank boss

Nigeria’s former central bank chief Lamido Sanusi on Sunday described the president who ousted him as a simple man trying to do well who has been undermined by incompetent and… Read more »