Fraud & Scandals

Militants blow up Conoil facility in Bayelsa

January 7, 2018/Punch ’Femi Asu and Samuel Nkemakolem A Niger Delta militant group, known as the Koluama Seven Brothers, has blown up a crude oil pipeline owned by Conoil in Bayelsa State. The group launched the bomb attack on the pipeline located at Koluama community in the Southern Ijaw Local […]

AMCON Seizes Egbema And Omoku Power Projects From Rockson Engineering

Culled—Proshare December 28, 2018 By Simon Echewofun Sunday of Daily Post The Managing Director of Niger Delta Power Holding Company (NDPHC), Mr Chiedu Ugbo, says the Assets Management Corporation of Nigeria (AMCON) has taken over Egbema and Omoku power plant projects from Rockson Engineering Limited over delays in completing them.  […]

FINRA Fines Morgan Stanley $10m For AML Program And Supervisory Failures

Culled—Proshare December 27, 2018 By FINRA FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years. FINRA found that Morgan Stanley’s AML program failed to meet the requirements of […]