Fraud & Scandals Subscribe to Fraud & Scandals

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 »

UBA Partners Nigeria Police on Anti-crime Campaign

Press Release The Inspector-General of Police, IGP MD Abubakar, supported by United Bank for Africa (UBA) Plc, on Wednesday, unveiled an electronic anti-crime campaign jingle to air on national radio… Read more »

IBORI: London Trial In Dramatic End For Lack Of Evidence

The London Metropolitan Police admitted in open court on the very last day of the assets confiscation trial, today, that they lacked enough evidence to support their allegations of fraud,… Read more »

Ibori: Prosecution’s Last-Minute Ambush Fails As Judge Strikes Down What Could Have Been A Game Changer

As the assets confiscation hearing of the former Delta State Governor entered its final day, the Judge, His Honour Anthony Pitts, has rebuffed attempts by the British Crown prosecution to… Read more »