WALL STREET VETERAN ARRESTED FOR RUNNING MASSIVE PONZI SCHEME…IMPLICATED IN $50BILLION FRAUD

Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged last week Thursday with allegedly running a $50 billion “Ponzi scheme” in what may rank among the biggest fraud cases ever Reuter has reported.
The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff [...]

UNSPENT FUND: FED. MINISTRIES ON LAST MINUTE SPENDING SPREE TO BEAT YAR’ADUA’s DEADLINE

Nigeria’s president, Umar Musa Yar’Adua may have placed excessive premium on the integrity of the federal ministries, government departmental and agencies to feel secured enough to inform the national assembly of part financing its budget deficit in 2009 through unspent funds taken back from federal ministries, departments and agencies.
FORTUNE&CLASS Weekly discreet investigations in Abuja, have, [...]

NIGERIA TO BENEFIT FROM OBAMA’s “USE IT OR LEAVE IT” POLICY

The expectant echoes of the Barack Obama’s soon to be inaugurated presidency in the United States of America might have recorded its first true translation of the high hopes of Nigerians over the Obama presidency to a commitment of assistance soon after the inauguration of the first black man to emerge president of the United [...]

SKYE BANK DROPS ‘HAKUNA MATATA’ CAMPAIGN?

Viewers and indeed observers are wondering what necessitated the stoppage of ‘Hakuna Matata’ (Don’t worry), the new campaign launched within the year.

It has been replaced with “Say Yes’, a very successful campaign (that became an anthem in virtually every home and ring-tone of several phones) that was adopted by the bank post capitalization.
‘Hakuna Matata’ [...]

Dangote telecoms outfit eyes 2009

Businessman extraordinaire, Alhaji Aliko Dangote’s telecommunication outfit, Alheri, may eventually take off in 2009.

Heard from the grapevine that Dangote is already dotting the i’s and crossing the t’s to ensure a successful operation when eventually it takes off next year.

Industry pundits are, however, pointing out that he may be facing challenges in accesing [...]

How to become a forensic accountant

NATHANIEL COLE COME HIGHLY RECOMMENDED WITH 30 YEARS POST QUALIFICATION EXPERIENCE IN FORENSIC ACCOUNTING, HIS ARRAY OF FRAUD DETECTION CERTIFICATIONS IN THE UNITED STATES OF AMERICA PLUS HIS FELLOW STATUS WITH NIGERIA’S ICAN TELLS OF PRACTITIONER THAT HAS MOVED THE ACCOUNTING BEYOND THE BASICS AS OBTAINED IN NIGERIA.

IN THIS INTERVIEW WITH NIYI AKINSIJU, GOKE OLUWOLE AND SEGUN BANJO, NATHANIEL COLE EXPLORES THE OPPORTUNITIES INHERENT IN THE PRACTICE OF FORENSIC ACCOUNTING AND PROSPECTS OF ELEVATING THE NIGERIAN JUDICIAL SYSTEM TO A HIGHER LEVEL WITH THE ADOPTION OF EXPERT WITNESSES.

YAR’ADUA AWARDS POWER PLANT CONSTRUCTION TO INDICTED COMPANIES

Nigeria, still smarting from a failed energy policy and implementation procedure during the Chief Olusegun Obasanjo presidency may yet be set for another merry-go-round in the endless search for the appropriate strategy and implementation procedure to increase capacity for electricity power generation under the administration of President Umar Musa Yar’Adua.
A probe panel empanelled by the [...]