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Ex-Jefferies Trader Litvak Convicted of Defrauding Buyers

Former Jefferies & Co. Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur… Read more »

U.S. SEC probes alleged fraud at fast trader Infinium: SEC letter

The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters. The… Read more »

Sanusi: FG to question CBN external auditors

Based on the queries raised by the Financial Reporting Council of Nigeria on the Central Bank of Nigeria’s audited financial statements for 2012, the council will summon the bank’s external… Read more »

EFCC re-arraigns Fani-Kayode for laundering N100m

The Economic and Financial Crimes Commission on Thursday re-arraigned a former Minister of Aviation, Femi Fani-Kayode, before a Federal High Court, Lagos on N100m money laundering charges. Fani-Kayode, whose arraignment… Read more »

U.S. Seizes Largest Ever Embezzlement by Foreign Dictator

The Justice Department is moving to seize more than half a billion dollars of allegedly corrupt proceeds from former Nigerian dictator Sani Abacha and his associates, in what officials called… Read more »

CIBN moves to stop money laundering, fraud

The Chartered Institute of Bankers of Nigeria has emphasised the urgent need to mitigate the effect of fraudulent activities such as money laundering, terrorists financing and identity theft in the… Read more »

Sanusi’s suspension must not affect CBN–Senator

The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Bassey Otu, has said the recent controversies surrounding the suspension of the Governor of the Central Bank of… Read more »

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 »