Nigeria
Wema Bank Suffers N2.9 Billion Loss Due To Transfer System Failure
Wema Bank Plc is scrambling to reclaim approximately N2.9 billion in funds that were allegedly siphoned from its system following…
Stanbic IBTC Legal Scandal: N260b crisis threatens financial institution
STANBIC IBTC Holdings PLC is drowning in a crippling 405 lawsuits, with a jaw-dropping N260 billion reserved for legal battles, exposing…
Reps probe Oando, Chevron, Mobil, Shell, AITEO, Seplat, others over N9.4trn debt
Nigeria’s House of Representatives, through its Committee on Public Accounts, is commencing investigative hearings aimed at addressing significant outstanding debts…
London Court Awards $380m Against NLNG Over Alleged Breach of Contract
A London court has awarded a $380 million judgment against the Nigerian Liquefied Natural Gas (NLNG) for non-delivery of cargoes…
Police arrest CEO of Afriq Arbitrage System Jesam Michael over alleged $87m fraud
The Nigeria Police Force has taken a significant step in the ongoing fraud investigation involving Afriq Arbitrage System (AAS) by…
Police indict Sterling Bank for alleged ‘$28.3m money laundering, fraudulent deductions’
Sterling Bank Limited and its holding company, Sterling Financial Holdings Company have been accused by the Nigeria Police Force of…
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