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Monday, October 11, 2010

Stockworld NSE N1.35bn bonuses of controversy raise integrity concerns

Sordid revelations of the forensic audit report by KPMG on the Nigerian Stock Exchange (NSE), which revealed that its council members shared about N1.35 billion (N1,350,800,000) as bonuses on productivity/surplus sharing’, have raised concerns as to the propriety or otherwise, of the ‘windfall’.

It also raised integrity question on Messrs Akintola Williams Deloitte, chartered accountants, auditors of the Nigerian Stock Exchange (NSE) for many years and their role in the entire saga.

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