Tag Archives: Fraud
$8.4m Fraud: Provide Proof of Source of Funds, Ajudua’s Lawyer tells Bamaiyi
Olalekan Ojo (SAN) the defence counsel for Fred Ajudua, a former Lagos socialite, challenged a former Chief of Army Staff, Ishaya Bamaiyi, to provide proof of the source of the 8.4 million dollars, his client allegedly defrauded him of in
Alleged Money Laundering: Court Admits Former Skye Bank Chairman, MD to N50m Bail
The Federal High Court, Abuja Monday admitted former Chairman of the Board of now defunct Skye Bank Plc, Dr Tunde Ayeni, and the Managing Director of the Bank, Timothy Oguntayo to bail in the sum of N50 million each. Both
BREAKING! EFCC Arrests Surety As Fidelity Bank MD Allegedly Jumps Bail
The Economic and Financial Crimes Commission has taken into custody the surety of the managing director of Fidelity Bank Plc, Nnamdi Okonkwo, after the suspect jumped the administrative bail granted him by the commission. Chris Ezem, who stood as surety
Again, Sterling Bank Staffer Steals Customer’s N2.4million
One of Nigeria’s financial institutions, STERLING BANK PLC, is in the news again for the wrong reasons. This time, a customer of the Abubakar Suleiman-led Sterling Bank has again lost over N2.4 million to a fraudulent official of the bank. The
EFCC Charges NBA President, Usoro, with N1.4bn Fraud
The Economic and Financial Crimes Commission has charged the President of the Nigerian Bar Association, Mr Paul Usoro (SAN), with an alleged fraud of N1.4bn. Usoro was charged before the Federal High Court in Lagos. The charge sheet, marked FHC/418c/18,
High Court Shuts Diamond Bank Branch In Osogbo Over N50million Debt
Osogbo branch of Diamond Bank Plc was on Monday shut down on the orders of an Osun State High Court over an alleged breach of contract Court officials and police men invaded the bank premises of the bank located at
Customer Battles Sterling Bank over Million Naira Fraud
STERLING BANK PLC is fast becoming safe haven for fraud as depositors have continued to lose huge sums of money to the new generation bank. This time, the management of the Abubakar Suleiman-led bank is currently in a fix on
MONUMENTAL FRAUD: How Late Edo Billionaire, Samuel Aideyan’s Son Connived With First Bank to Deplete Family’s Wealth
** ‘We Don’t Meddle In Family Issues’ – First Bank
***Over N250m Moved from the Late Billionaires Account ***EFCC Also Fingered The immediate family of late Edo billionaire and owner of Aideyan Brothers Bookshop, Late Pa Samuel Aideyan is currently in pains as one of the children of the deceased,
N33bn IDP Fund: Senate May Probe Osinbajo, NEMA DG
The Senate says it may set up an ad-hoc committee, on resumption from its one-week recess, to probe the alleged mismanagement of N33bn currently rocking the Presidential Intervention Programme for the North-East. The Vice-Chairman, Senate Committee on Media and Public
BREAKING: Aiteo boss, Benedict Peters, In $2Billion Debt Scandal
…How He Sacked Financial Director, Bruce Burrows Trading house Aiteo, which had prospered under Goodluck Jonathan’s tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and
