Frauds & Scandals

I won’t quit before June, Sanusi dares Jonathan

The controversy surrounding the planned exit of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, deepened on Thursday with the governor insisting that he would not quit the post until his term expired on June 2, 2014. In keeping with his vow, which analysts see as a […]

Investigations reveal that SEC Nigeria rushed to Judgment on ETI – The Exclusive!

On January 09, 2014, the Securities and Exchange Commission (SEC) released its “Investigation Report of ETI’s Corporate Governance Practices” and made a number of recommendations and advise for ETI to deal with.  On the surface, a discerning professional would have reached a conclusion that the regulator acted in the best […]

Corporate Governance Audit: SEC Advise ETI to Appoint Chairman

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Thursday advised Pan-Africa Bank, Ecobank Transnational Incorporated (ETI) to appoint a substantive board Chairman who will lead the effort to attain an improved governance climate in the bank. SEC in a Statement signed by its management and made available […]