FORENSIC ACCOUNTANT CASTIGATES FEDERAL INLAND REVENUE SERVICES FOR PROTECTING OIL COMPANIES

Issues in appropriate auditing process and accountability have, over the years become a constant source of worries and had, often led to cases of finger pointing by Federal Government agencies responsible for regulating the oil and gas sector and the mostly multinational oil producing companies in the country.
The contentious issue had always revolved around the [...]

FRUSTRATION SETS IN FOR COMMANDCLEM INVESTMENT SCHEME’s INVESTORS

PS: It has been brought to our notice that an aggressive advertisement of Commandclem Social Security Scheme is ongoing in popular media houses in Ogun State, Nigeria, therefore, we believe it is our duty to advise the investing public to look before they leap. Thank you.

BANK MDs TROOP TO FIRST BANK FOR BAIL-OUT…FINANCIAL INSTITUTIONS REJECT SHARES AND PROPERTY AS COLLATERAL

First Bank of Nigeria might have become the unofficial lender of last resort for many banks currently experiencing liquidity problems. A bank is said to experience liquidity crisis when it can not support its short term obligation to its customers by itself. Thus to continue to serve the needs of its customers, the bank may [...]

ZAIN SUPPLIERS GRUMBLE

Suppliers of Zain who had waited out the mandatory 30days for payment have been compelled to extend their wait.

Heard the new Financial Head at Zain got finicky with the books, while the financial head is still perusing, no payment can be made. The suppliers who had anxiously waited smiled when they got the information.
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e-Gold Directors Convicted

Three directors of E-Gold, in addition to its Gold & Silver Reserve parent company, indicted in April 2007 of running a platform that have become a haven for criminal activities like processing investment scams and payments for child pornography on Thursday, 20 November, received their sentences. However, a United States of America federal judge [...]