Special Reports
CBN Fines Zenith, First Bank, Globus Bank, and Others N1.3bn for Cash Dispensing Violations
The Central Bank of Nigeria (CBN) yesterday announced that it has imposed fines amounting to N1.35 billion on nine Deposit…
Seplat Energy, CEO, and 11 Executives Sued by Nigerian Government for $37.5 Million in Alleged Tax Evasion
Seplat Petroleum Development Company Limited (also known as Seplat Energy Plc) and 12 senior officials of the company have been…
Okezie Bonaventure Ogbata Admits Guilt in $6M Fraud Scheme Targeting Over 400 U.S. Victims
A Nigerian national pleaded guilty in the U.S. District Court for the Southern District of Florida to operating a transnational…
Seplat Petroleum, officials, in trouble over alleged default in $37,581,083.40 tax evasion
The Federal Government of Nigeria has filed a five-count charge of failure to pay the statutory stamp duty of $37,581,083.40…
How Sterling Bank Uses Tiered Salary Structure to Hold Down Staff Without Promotion
Sterling Bank’s recent 7% salary increase which was announced earlier this month has been met with widespread criticism and disappointment…
General Hydrocarbons Accounts Frozen Amidst $225.8 Million Debt Dispute
The Federal High Court in Lagos has frozen the accounts of General Hydrocarbons Limited owned by Mr. Nduka Obaigbena, in all financial…
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