Fraud & Scandals Subscribe to Fraud & Scandals

Right of Reply:MRS never expropriated NNPC products:NNPC has over 3m liters of MRS products

March 27, 2017/ Right of Reply:MRS never expropriated NNPC products:NNPC has over 3m liters of MRS products Read more at  

NNPC Accuses Capital Oil and MRS of Criminal Diversion of 130m Litres Of Petrol

Culled—Proshare March 20, 2017/TheWill The Nigerian National Petroleum Corporation (NNPC) Friday said it will go after Capital Oil % Gas Limited for criminally diverting 100 million litres of petrol belonging… Read more »

Uber president Jeff Jones quits, deepening turmoil

March 20, 2017/Reuters By Heather Somerville Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired… Read more »

Ruling on Sprite, Fanta Drinks in Nigeria and the Role of NBC and NAFDAC

Photo Credit: Nigeria Today Culled—Proshare March 15, 2017/Proshare WebTV Recently Justice Adebayo Oyebanji of the Lagos High Court, Igbosere gave a judgement ordering the National Agency for Food and Drug… Read more »

Guinness Nigeria Responds to Pharmdeko N175.6 Million Debt Claims

March 14, 2017/NSE Guinness Nigeria Plc wishes to notify the Nigeria Stock Exchange and our shareholders that it has responded to a court process filed by Pharma Deko Plc which… Read more »

MAS Issues Prohibition Orders Against Individuals Involved In 1MDB-Related Breaches

Culled—Proshare March 13, 2017/New Startupbootcamp & PwC Report The Monetary Authority of Singapore (MAS) announced today that it has issued a 10-year Prohibition Order (PO) against Mr Tim Leissner, a… Read more »

Unity Bank Sues Ex-Militant Tompolo Over N5.3b Debt

12/3/2017/Sahara Reporters Unity Bank Plc has sued a limited liability company, Muhaabix Global Services, owned a former Niger Delta militant, Government Ekpemupolo  (aka Tompolo), at a Federal High Court in… Read more »

Nigerian regulators meet over Etisalat loan issue

March 9, 2017/Reuters Nigeria’s telecoms regulator met with the central bank on Thursday to discuss a $1.2 billion loan renegotiation between Etisalat Nigeria and a group of local lenders in… Read more »

Court Orders AMCON to Takeover Mustasons Guest House

March 9, 2017/AMCON Hon. Justice Babs O. Kuewumi of the Federal High Court Lagos Division has granted an injunction against Mustasons Guest House Limited on Ajose Adeogun Street in Victoria… Read more »

NDIC: Insider Loans Affecting Banking Industry

7/3/2017/Thisday By Damilola Oyedele in AbujaThe Nigeria Deposit Insurance Corporation (NDIC) has said insider loans, which constitute a higher percentage of non- performing loans in the industry, have negatively affected… Read more »