Tag Archives: Fraud
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
First Bank of Nigeria Accused of Sacking Over 100 Employees In Connection with a ₦40bn Fraud Scandal
According to X user WizardEyes, the bank also froze the personal accounts of the affected employees. Also read: Police say FirstBank staff stole customers’ N650m The user further claimed that several of these employees were detained for at least six
First Bank Directors Accuse EFCC Of Cover-Up In Petition Against Ex- MD, Adeduntan
Some directors of First Bank have accused the Economic and Financial Crimes Commission (EFCC) of failure to act on the petition they wrote against the immediate past Managing Director of the bank, Adesola Adeduntan. Adeduntan, whose tenure was to officially
N37.1bn Fraud: I’m Sick, Give Me More Time To Honour Your Invitation — Former Minister To EFCC
Suspended former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouq, has officially written to the Economic and Financial Crimes Commission seeking an extension of the deadline to meet with EFCC interrogators over an ongoing probe into an
N37.1bn Fraud: NSIPA Co-ordinator Arrested, Ex-minister Faces EFCC Today
The Economic and Financial Crimes Commission has arrested and detained the National Co-ordinator and Chief Executive Officer of the National Social Investment Programme Agency, Halima Shehu, over the ongoing probe into the N37,170,855,753.44 allegedly laundered in the Ministry of Humanitarian
{BREAKING} Procurement Fraud: Emefiele Regains Freedom
A former Governor of the Central Bank of Nigeria, Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. Our correspondent learnt that Emefiele was released on Friday, December 22 2023. The spokesperson
