Fraud & Scandals

Gwarzo Collected Grants As SEC Commissioner, DG, Witness Tells Court

1/6/2018/SEC Hearing in the five-count charge bordering on fraud brought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against Mounir Gwarzo, the suspended Director-General (DG) of the Securities and Exchange Commission (SEC), was on Thursday adjourned to September 20 and 21, for further hearing. Adjournment of the […]

Heritage Bank partners NEFF on prevention of e-fraud

July 2, 2018/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s most innovative banking services provider, has partnered with the Nigeria Electronic Fraud Forum (NEFF) on the prevention of fraud in the Nigerian banking system. MD/CEO of the bank, Mr. Ifie Sekibo said at unveiling of the 2017 NEFF annual report in […]

SEC Charges Cantor Fitzgerald and Brokers in Commission-Splitting Scheme

29/6/2018/US SEC Washington, D.C., June 29, 2018 – The Securities and Exchange Commission today announced that Cantor Fitzgerald & Co. has agreed to settle charges stemming from an improper commission-splitting scheme in which a former supervisor received off-book payments from traders he managed. The SEC also filed a litigated action […]