BankPHB EMBROILED IN N17BILLION FRAUD SCANDAL …EFCC ARRESTS THREE DIRECTORS, IAA VICE-CHAIR

The management of the bank as a body was not in the know of the whole thing; those involved exploited their high offices to approve facilities within the threshold of their approving authorities as executive directors for Ademosun’s scheme.

HOW TO PROTECT YOUR INVESTMENT IN BEARISH MARKET

Be wary of new investment types that you don’t fully understand. The property market, for instance, will in all probability self correct especially at the high end where oversupply and tighter bank credit is now becoming an issue.

Investors Accuse Stanbic-IBTC, Chapel Hill Of Fraud In Starcom Private Placement

This is, no doubt, a huge fraud and I am of the opinion that the SEC and NSE should stand indicted in the whole affair! Also, the two issuing houses, I believe, have an explanation to make to unsuspecting investors because investors relied on the strength of their analyses to buy the Starcomms offer. This is shameful and I submit that the matter be investigated and all those found to be culpable be treated in line with the IST sanctions. They are no better than Madoff! Moreover, investors should be wary of issues by the concerned issuing houses (Chapel Hill and StanbicIBTC)

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.

WONDER BANKS TALE OF WOES IN KADUNA

Still grappling with the suitable strategy to refund thousands of investors money trapped in 38 so called wonder banks in Lagos State and other parts of South West Nigeria, another rash of failed investment schemes is in the making in Kaduna State.
Some variants of failed investment schemes in Lagos and other states in South West [...]