Forex Fraud: CBN justify the suspension of its officials

CENTRAL Bank of Nigeria (CBN) yesterday said the suspension of some of its personnel over alleged fraud was to enable it carry out unfettered investigation into the matter, The Nation reported.. The bank’s Acting Director, Corporate Communications Department, Isaac Okorafor, explained that the suspended personnel had to undergo administrative procedure because they processed the said payment. He […]

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N34bn Fraud: Tompolo plead with CJ to set aside warrant of arrest

EX-Niger Delta militant leader, Government Ekpemupolo, alias Tompolo, has pleaded with Justice Ibrahim Buba of a Federal High Court in Lagos to set aside the warrant of arrest issued against him. Justice Buba had on January 14 issued a bench warrant against Tompolo and ordered his arrest for failing to honour a court summons dated […]

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N22bn Fraud: EFCC filed charges Tompolo, others in Lagos

The Federal Government has filed fresh criminal charges against a former Niger Delta militant leader, Chief Government Oweize Ekpemupolo (aka Tompolo), involving about N22,765,900,000. According to The Nation, The new charge, filed last Friday at the Federal High Court in Lagos, borders on stealing, advanced fee fraud and money laundering. The Economic and Financial Crimes […]

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Staff seek AMCON’s rescue as unions allege fraud is cause of Aero’s bankruptcy

TWO aviation sector’s unions, the National Union of Air Transport Employees (NUATE) and the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), have called on the Assets Management Company of Nigeria (AMCOM) which is holding receivership for Nigeria’s oldest airline, Aero Contractors to rescue the carrier from the brink of bankruptcy. In a letter […]

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