Tag Archives: Fraud
Cashless Yuletide: First Bank Disappoints Customers As Frustration, Anguish Cloud Celebration
Millions of Nigerians were left stranded and frustrated during the yuletide celebrations when Automated Teller Machines, ATMs owned by First Bank across the country dispensed less cash in some cases and failed to dispense cash in some other instances. Many
BREAKING: FG Orders Prosecution Of Amaju Pinnick Over NFF Multi-Billion Alleged Fraud, Banned From Traveling
President Muhammadu Buhari has ordered the prosecution of the President of the Nigerian Football Federation, Amaju Pinnick, over an alleged multi-billion scam in the organisation. It was also learnt that the Federal Government through the Presidential investigative panel headed by
N68bn Fraud: Ngozi Olojeme In Fresh Trouble
The Economic and Financial Crimes Commission (EFCC) has seized 46 properties allegedly belonging to the former deputy chairman, finance committee of the Goodluck Jonathan Campaign Organisation in the 2015 election, Ngozi Olojeme. A Federal High Court in Abuja on Monday
Interpol Issues Arrest Warrant For Diezani As FG Commences Extradition Process
The International Police have issued an arrest warrant for former Petroleum Minister, Diezani Allison-Madueke following a request by the Federal Government to the agency. According to Punch, the necessary charges had been filed and attached to the extradition request by
$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
