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FRCN: Interrogating the objectivity of a regulator

WITH a seeming arrogant posture, the Financial Reporting Council of Nigeria, FRCN, on October 26 posted on its website the outcome of its investigation of Stanbic IBTC for alleged infractions claimed by minority shareholders of the company, fronting as the Trusted Shareholders Association of Nigeria, TSAN and bankrolled by the Mahtani brothers of the Churchgate Group.

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