Frauds & Scandals

Ibori gave me $15m bribe in bag -Ribadu

Desperate to halt a probe into his finances, former Delta State Governor James Ibori tried to bribe anti-corruption boss Nuhu Ribadu in 2007 with $15m in cash in a bag so heavy one man alone could not lift it, Ribadu told a London court on Thursday. Reuters quoted Ribadu as […]

First Bank Renege on Agreement, Owe N3 million Rent

By Our Correspondent Lagos (INVESTADVOCATE)-First Bank of Nigeria Plc (FBN) owes the sum of about N3.0 million on rents from December 2010 to date. This is coming on the heels of a 50 years lease from late Madam Soyoyo effective December 1960 to December 2010. The property in question is […]