Fraud & Scandals Subscribe to Fraud & Scandals

Full Text of Obasanjo’s “Provocative” Letter To President Jonathan

I am constrained to make this an open letter to you for a number of reasons. One, the current situation and consequent possible outcome dictate that I should, before the… Read more »

Criminal action expected for JPMorgan in Madoff case: NYT

  JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2… Read more »

Ex-Goldman Sachs banker jailed in UK in Nigerian corruption case

* Former banker Preko jailed for 4-1/2 years * Convicted of laundering ex-governor Ibori’s money * Offences committed after Preko left Goldman Sachs   Former Goldman Sachs banker Elias Preko… Read more »

Union Bank sacks another 137

Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected… Read more »

Why we laid off some workers —Enterprise Bank

Enterprise Bank, one of the nationalised banks, on Tuesday said the recent laying off of some of its workers was in line with the company’s plan to remain competitive in… Read more »

Enterprise Bank sacks 150 workers

Enterprise Bank Limited, one of the nationalised banks, has retrenched about 150 workers. Checks by the News Agency of Nigeria  on Monday showed that the affected workers were part of… Read more »

NSE to sanction operators for client account mismanagement

The Nigerian Stock Exchange has warned dealing member firms against violating client account management guidelines. According to the NSE, operators that violate the guidelines will be suspended from trading activities,… Read more »

JPMorgan $13 billion mortgage settlement expected Tuesday: sources

  JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold… Read more »

Ex-JPMorgan ‘Whale’ trader to resist U.S. extradition

Ex-JPMorgan employee Javier Martin-Artajo, indicted by a U.S. grand jury in relation to the bank’s “London Whale” trading scandal, on Friday told Spain’s High Court he did not want to… Read more »