N219m fraud: MF Bank raises alarm of suspected EFCC compromise

OHHA Micro Finance Bank, based in Enugu state, has raised the alarm that the Economic and Financial Crimes Commission, EFCC, maybe shielding a suspected fraudulent banker with one of the commercial banks in Enugu (name withheld) from prosecution over a case of obtaining by false pretence the sum of Two Hundred and Nineteen Million, Thirty Four Thousand Nine Hundred and One Naira Fifty Kobo (N219, 034 901.50)

Continue reading N219m fraud: MF Bank raises alarm of suspected EFCC compromise at Vanguard News.

by Emmanuel Okogba via Vanguard News http://bit.ly/2Y2UkYH Best Known Member of the Cabinet Wikipedia

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UPDATED: Nigeria’s coronavirus cases reach 1,728, fatalities 51

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African media giant, MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month. MultiChoice disclosed on 5 October that Canal+, which is owned by French media conglomerate Vivendi, had acquired 6.5% of its equity. That has now risen to 12% of the company’s total ordinary shares in issue on the JSE. “As a publicly held company, MultiChoice regularly engages with its strategic partners and maintains an open dialogue with the investment community. The group’s policy is not to comment on its individual shareholders nor on its interactions with them,” MultiChoice said in Thursday’s statement. “The company remains committed to acting in the best interests of all shareholders and to create sustainable long-term shareholder value.” MultiChoice shares have risen to a record above R140 this week on Canal+’s buying spree as well as investor speculation that some sor...

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