Nigeria begins bank boss charges - Democratic Underground

Doctor Cynic

(965 posts) Send PM | Profile | Ignore

Mon Aug-31-09 01:15 PM
Original message

Nigeria begins bank boss charges

Source: BBC

Nigerian anti-corruption police have begun bringing criminal charges against executives from five banks rescued in a 400bn naira ($2.6bn; £1.6bn) bail-out.

Former Finbank chief Okey Nwosu pleaded not guilty to 11 charges relating to bad debt built up under his management.

Other executives will appear in court later, said the country's Economic and Financial Crimes Commission (EFCC).

The banks needed rescuing after they were found to have very low cash reserves because of bad loans.

Read more: http://news.bbc.co.uk/2/hi/business/8230692.stm

Damn! I sent $10000 to there and expected $1.25 million this week!

Printer Friendly | Permalink | | Top

kickysnana

(1000+ posts) Send PM | Profile | Ignore

Tue Sep-01-09 01:03 AM
Response to Original message

1. And the Exchequer of Great Britain emailed me that it was legitimate. We were robbed!

:silly:

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Thu Apr 25th 2024, 10:06 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.