Tag Archives: Fraud
₦1.1bn Fraud in First Bank: Court Orders Final Forfeiture of Stolen Funds to Federal Government
Justice A.O.Owoeye of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of the sums of N1,168,602,877.44, (One Billion, One Hundred and Sixty Eight Thousand, Six Hundred and Two, Eight Hundred and Seventy Seven Naira, Forty
Obanikoro Accuses Access Bank of Using His Property as Collateral for N1bn Loan without His Consent
New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property belonging to another company, MOB Integrated Services, run by Gbolahan Obanikoro, as collateral without the owner’s
Court Orders Arrest of Access Bank MD, Bolaji Agbede, Others Over Alleged Property Theft
Justice Ibironke Harrison of the Lagos State High Court has ordered the arrest of Access Bank’s acting Managing Director, Bolaji Agbede and three others for allegedly failing to appear for arraignment. The judge’s order also affected Balmoral International Limited, DDSS
Sujimoto Homes Boss, Sijibomi Ogundele, In $325,000 Fraud Mess
Lagos socialite and Sujimoto Home boss, Sijibomi Ogundele, is embroiled in a shocking fraud case. The successful businessman was recently detained at the Force Criminal Investigations Department (FCID) in Abuja, but he has since been released on bail. A human
Customers Fault First Bank over Frequent Debits
Some customers of First Bank Plc have taken to social media to drag the bank over what they described as unnecessary debits from the money-keeping giant. In several reactions on their Facebook page, @First Bank of Nigeria Limited on Sunday,
After Losing N1.2b To Fraud, Lotus Bank Swims In Another N336m Fraud
Lotus Bank Limited has been rocked by an insider fraud allegedly amounting to over N336 million. Reports indicate that Abdulkarim Arome Mohammed, a staff member in the bank’s Financial Control Department, exploited his system privileges to defraud the bank of
Keystone Of Fraud? As Two Bank Staff Arraigned For Alleged Stealing Of Customers Multi-million Naira
Justice Deinde Dipeolu of the Federal High Court in Lagos on Monday granted N20 million bail to two staff members of Keystone Bank Limited, Ebele Okpala and Perpetua Onyeto, over alleged obtaining of N35 million fraudulently. Okpala and Onyeto were
Tingo Founder, Dozy Mmobuosi, Fined $250m By US SEC
The US government has ordered Mr Dozy Mmobuosi, the CEO of Tingo Group, to pay a fine of over $250 million, months after he was officially charged with securities fraud in New York. First charged in December 2023, he was
How Former MD of AMCON, Malam Ahmed Lawan Kuru, Allegedly Used N20 Billion AMCON Savings To Buy Keystone Bank For His In-Law
The former CEO and Managing Director of the Asset Management Corporation of Nigeria (AMCON), Malam Ahmed Lawan Kuru, was entrusted with the critical task of tackling the financial vultures who had ravaged the Nigerian banking sector through unpaid loans. These
N12BN FRAUD SCANDAL: Former First Bank Employee Accuses Oba Otudeko, Address Home Boss, Bisi Onasanya of Massive Fraud
A former First Bank of Nigeria Limited employee, Adesuwa Ezenwa, has accused billionaire industrialist Oba Otudeko and former Managing Director Bisi Onasanya of massive fraud during Otudeko’s tenure as chairman of FBN Holdings Plc. In court documents filed at the
