Bank Fraud
16 Sep
With fraud cases within the banking system rising by 9,004 per cent, which led to a loss of about N42.6 billion in the second quarter of 2024, 49 appointments have been terminated within the industry.
15 May
The manager of a branch of an old generation bank in Osogbo, Adeniyi Sunday, has been arrested by the Osun State Police Command for allegedly defrauding customers of N650 million.
1 Apr
The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has called for the establishment of a functional information security, internal audit and internal system control across deposit money banks (DMBs) to enhance active collaboration, information sharing and seamless monitoring of cyber-related activities.
Latest
3 mins ago
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has suspended his Senior Special Assistant on Print Media, Mr. Wale Ajetunmobi. This was disclosed in a statement signed by his Special Adviser on Media and Publicity, Gboyega Akosile, on Tuesday. According to Akosile, Ajetunmobi was suspended following "the misrepresentation of facts on his personal X account…
14 mins ago
Education Minister, Dr. Tunji Alausa The Federal Ministry of Education has announced that students found guilty of physical assault causing bodily harm will face indefinite suspension from Unity Colleges across Nigeria. The decision comes in response to rising cases of violence and bullying among students, according to a memo signed by the Permanent Secretary, Nasir…
21 mins ago
A federal jury in the United States has sentenced two Nigerian nationals, Anthony Emeka Ibekie and Samuel Aniukwu, to 30 years in prison for orchestrating fraud schemes that defrauded victims out of $3.5 million. The sentencing, announced in a press release from the U.S. Department of Justice, revealed that Ibekie, 59, from Oswego, Illinois, was…
23 mins ago
The World Trade Organization (WTO) has expressed concerns regarding the high rate of physical inspections of containers at Nigerian ports.
23 mins ago
AMID Nigeria’s economic challenges, the Peoples Democratic Party (PDP) has recalled how the nation prospered under the Obasanjo/Atiku presidency between 1999 and 2007, with the then Vice President, Atiku Abubakar, as head of the National Economic Council (NEC). Also, Senator Aminu Tambuwal has extended best wishes to Atiku as he marked his 78th birthday. …
27 mins ago
THE Nigerian Bar Association (NBA) has threatened to sue the Chairman of Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, to court for alleging that lawyers aid illicit financial flows into offshore accounts. However, stakeholders in the justice system identified inadequate inter-agency collaboration within the nation’s judicial framework as the root of the slow pace…
31 mins ago
Despite revenue-generating agencies’ report of surpluses for the 2024 fiscal year, the Federal Government, yesterday, cited legislative approvals and budgetary requirements for continued borrowing. This was disclosed during an interactive session between the government’s revenue agencies and the National Assembly Joint Committees on Finance, Budget, and National Planning, focusing on the 2025-2027 Medium Term Expenditure Framework (MTEF)…
37 mins ago
The Northern Youth Assembly (NYA) has faulted the suspension of the Chairman of Arewa Consultative Forum (ACF), Mamman Osuman (SAN), over utterances deemed antagonistic to President Bola Tinubu. However, the North Central All Progressives (APC) Forum has distanced Tinubu from the alleged lopsided appointment of government functionaries from the zone, but blamed the Secretary…
43 mins ago
Described by one scholar on its centenary as “perhaps the greatest historical movement of modern times”, the Berlin Conference West Africa Conference began shortly after noon on November 15, 1884. Interrupted only by a short break at the end of the year and the beginning of the next, historian, Adu Boahen, records that the conference…
52 mins ago
The Democratic Republic of Congo’s Ananias Mulumba, nicknamed “Metal,” was dominant in his second-round technical knockout (TKO) victory over Nigeria’s Jackie Anyana, known as the “Smiling Assassin,” at the African Knockout Championship (AKO6) to earn his spot in the championship finals. The AKO6 pan-African Mixed Martial Arts (MMA) event drew elite fighters from across the…