FBI

Note: Read ‘Institutional fraud and greed’ Nigerian banks race to join CBN Too-Big-To-Fail (Part 1), if you’re yet to do so. ==== In the heat of the global financial crisis, a regional bank with negative retained earnings in excess of N45billion appointed Segun Oloketuyi as Managing Director. Burdened with the …

Note: Read ‘Institutional fraud and greed’ Nigerian banks race to join CBN Too-Big-To-Fail (Part 1), if you’re yet to do so. ==== Internal fraud, unabated system breaches due to poor cyber security, banking mass fraud, asset hijacking With a brand value of $379m (45% increase YoY), 28,000 employees and total …

Note: Read ‘Institutional fraud and greed’ Nigerian banks race to join CBN Too-Big-To-Fail (Part 1), if you’re yet to do so. ==== Fraudulent accounts, Public Deceit, Indiscriminate Charges, Perjury, Non-disclosure/Manipulated Balance Sheets For more than a decade, Wells Fargo, one of the largest banks in the United States, defrauded customers …

In this article Freelanews Business Intelligence/Research Unit, FBI&R, points its light on the financial sector, majorly Nigerian banks, and how they are empowered and indulged by the law and government to put the entire economy and our collective future at risk. This is an unusually lengthy piece that splits into …

Akwa Ibom State Government is in the works to secretly obtain a N150 billion loan, TheMail Newspaper can authoritatively report. The planned multi-billion naira loan our government house sources confided would be obtained under the cloak of ” other exceptional income: 13 per cent derivation revenue arrears”. Our Sources revealed …

Many Nigerians are daily having difficulty getting their passports stamped with United States visa, despite having genuine reasons to travel abroad. And the reason for this may not be unconnected with the sharp practices of many Nigerian celebrities, top bank executives and professionals over the years. As a matter of …

The economic crisis in the country has left a lot of Nigerians frustrated, hopeless and helpless. As a result, many microfinance and money lending firms have emerged to take advantage of the situation. While some of them offer genuine financial assistance with considerable interest rates and repayment methods, others are …