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Nwasike Freed From EFCC Nest, Demands N160M Compensation

July 26, 2017/CFO & Associates Retired Staff of Shell Petroleum Development Company (SPDC) and businessman, Engineer Obi Nwasike has been unconditionally released from EFCC captivity. Engr. Nwasike was released last… Read more »

Skye Bank Plc Denies Concealing TSA Funds

Culled—Proshare July 21, 2017/Skye Bank Skye Bank Plc issued this release: “Our attention has been drawn to media reports of a ruling of the Federal High Court in Lagos yesterday… Read more »

US SEC Bars Lawyer Who Committed Fraud

Culled—-Proshare Click here to download full PDF Copy of SEC order July 20, 2017/Mondo The Securities and Exchange Commission today barred a New York-based attorney from appearing or practicing before… Read more »

SEC Investigation: Oando Says Claims Unsubstantiated, Misleading and Defamatory

By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Oando Plc said on Friday that the company  understands that the Secuurities and Exchange Commission (SEC) is in receipt of correspondence containing (in their… Read more »

SEC Investigating Oando Plc

Culled—Proshare July 14, 2017/Cardinal Stone Research According to media reports, the Securities and Exchange Commission (SEC) is investigating Oando Plc (“the company”) over alleged malpractices in its financial statements and… Read more »

Heritage Bank Says Stafff not Involved in N150 Million Fraud

July 11, 2017/Heritage Bank Ltd Our attention has been brought to the report published by an online news blog, Per Second News, in which it was purported that ‘three of… Read more »

FG engages experts to track tax evaders’ assets

9/7/2017/Punch Ifeanyi Onuba The Federal Government has engaged an asset recovery firm to track the exact assets of tax defaulters that fail to take advantage of its nine months amnesty… Read more »

Banks lost N2.2bn to electronic fraud in 2016, CBN says

July 7, 2017/Daily Trust By Kayode Ekundayo The Central Bank of Nigeria (CBN) has said the Nigeria InterBank Settlement System (NIBSS) recorded over 1,200 per cent increase in  reported fraud… Read more »

Banks suffer fraud cases worth N16.5bn in three years

July 3, 2017/Punch The economic recession currently rocking the country has increased the volume of fraud cases in the banking industry, with the attendant loss of money, IFEANYI ONUBA writes… Read more »

Etisalat not under Investigation, 42% of Original Loan Repaid

Culled—Proshare 27/6/2017/Press Release The attention of Etisalat Nigeria has been drawn to media reports that the management of Etisalat Nigeria is being investigated by the Economic and Financial Crimes Commission… Read more »

 

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