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Capital Market scam: SEC Police Unit Arraigns BGL Officials

September 28, 2017/SEC  The zero tolerance stance on infractions of the Securities and Exchange Commission (SEC), received a major boost Thursday when the BGL Group and its officials  were arraigned at… Read more »

EFCC Arraigns Former Bank Manager, Others For N72m Fraud

27/9/2017/Sahara Reporters The Economic and Financial Crimes Commission today September 27, 2017 arraigned four suspected fraudsters Sani Abubakar, Abubakar Abdullahi, Mainasara Kallamu and Abdulrazaq Abdullahi before Justice Ibrahim Kangiwa of the… Read more »

UK’s SFO to charge Afren ex-CEO, COO over Nigeria deals

26/9/2017/Reuters Britain’s Serious Fraud Office said on Tuesday it will bring charges against two former executives of collapsed oil company Afren this week over alleged fraud relating to business deals… Read more »

N8bn CBN scam: Court adjourns ruling in bankers’ bail request

September 27, 2017/Punch Olufemi Atoyebi, Ibadan Justice Mrs. J.O. Abdulmalik of the Federal High Court, Ibadan Division, on Tuesday, adjourned ruling on the bail request made by the eight bankers… Read more »

US SEC Announces Enforcement Initiatives To Combat Cyber-Based Threats And Protect Retail Investors

Culled—Proshare September 26, 2017/SEC The Securities and Exchange Commission today announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail… Read more »

KPMG Sacks South African Management Team Over Financial Scandal

Culled—Proshare 25/9/2017/BBC Foremost accountancy firm, KPMG, has removed the leadership team of its South African arm after an internal investigation into work it did for the Gupta family. Chief executive… Read more »

FINRA Sanctions Morgan Stanley $13m In Fines And Restitution

Culled—Proshare 25/9/2017/FINRA The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley Smith Barney LLC $3.25 million and required the firm to pay approximately $9.78 million… Read more »

CryptoMetalExchange will usurp dominant fraudulent paper schemes currently perpetrated on COMEX, LBMA

September 21, 2017/MetalZoom.Energy MetalZoom.Energy (the “Company”) (www.MetalZoom.energy) advises that it has embarked upon the creation of the world’s first Crypto Metal Exchange. The founder of MetalZoom.Energy Marc Ward tells us… Read more »

Two more firms fire KPMG as corporate South Africa weighs links with auditor

19/9/2017/Reuters A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves… Read more »

Insider abuse: CBN probing bank directors, says Emefiele

September 20, 2017/Punch Oyetunji Abioye The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday said the regulator was currently looking at some cases of insider abuse… Read more »

 

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