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Banks face new probe over mortgage bond trades post 2008: WSJ

Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry…. Read more »

JPMorgan Agrees To Pay $1.7 Billion To Bernie Madoff Victims

JPMorgan Chase has agreed to pay $1.7 billion to victims of Bernie Madoff’s ponzi scheme, according to a statement from the United States Attorney for the Southern District of New… Read more »

Theophilus Ilevbare: President Jonathan’s 11th private jet!

The presidency has made a proposal for an upfront deposit of N1.5billion for a brand new private jet, what will become the Presidential Air Fleet’s (PAF) 11th aircraft. This figure… Read more »

Nigeria’s SEC Indicts Vicad Securities, 16 Others for Insider Dealings

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Monday said it has indicted Vicad Securities Limited and sixteen (16) others for insider dealings. According to SEC, Vicad… Read more »

SEC Indicts Sterling Registrars, Six Others Over Unlawful Allotment of Shares

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) Monday announced it has indicted Sterling Registrars Limited and six (6) other persons as Respondents  for unlawful Allotment of… Read more »

UK regulator starts enforcement action against Co-op Bank

Britain’s financial regulator has launched an investigation into problems at the Co-operative Bank (CPBB_p.L), including the role played by former senior managers, it said on Monday. “The Prudential Regulation Authority… Read more »

NNPC Fraud: CBN Governor Sanusi To Proceed On Post-Retirement Leave In March

Posted: Dec, 26 2013, 2:12PM By SaharaReporters, New York SaharaReporters has learnt that Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi, will be forced to leave his post in March, 2014,… Read more »

2014 budget: Outrage over allocations for zoo, new jet

There was outrage on Sunday over some allocations to the Presidency as well as ministries, departments and agencies  of the Federal Government  in the 2014 budget.  The anger was expressed… Read more »

Keystone Bank fires senior management workers

About a month after sacking a good number of its workers, Keystone Bank Limited has again fired a significant number of its workforce -majority of the affected employees belonged to… Read more »

Banker arrested for withdrawing N50m from customers’ accounts

The Special Fraud Unit, Ikoyi, Lagos State, has arrested an account officer with Guaranty Trust Homes, Adeola Olokojobi, in connection with a N50m fraud at the financial institution. Prior to… Read more »