fraud

A Guaranty Trust Bank (GTBank) customer, Ngozi Njoku, has accused the bank of shielding a male employee who stole N600,000 from her account under the guise of helping her to set up her mobile banking application. Njoku said that she went…

A Nigerian man, Sobanke Idris Sunday Adereti has been sentenced to 33 months in US federal prison for fraud violations in the Eastern District of Texas. U.S. Attorney Brit Featherston made the announcement in a statement published on the…

A businessman, Isaac Adewole, and a banker, Kingsley Ananwede, on Wednesday appeared before an Ikeja Chief Magistrates’ Court for alleged N1.7 billion fraud and money laundering. The defendants are facing trial on a four-count charge of…

Police figures show that the amount of money reported lost to cryptocurrency fraud in 2021 so far is already nearly 30 per cent higher than that for the whole of 2020. According to the figures, some 146.2 million pounds (200.7 million…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has reiterated his commitment to sanitize the banking sector, saying that any bank which allows itself to be used for fraud or money laundering shall be…

The Managing Director of Workman Microfinance Bank, Bauchi, Sarita Aliyu Bello, has been sentenced to four years in jail for misappropriation of funds and forgery. Justice M.M. Abubakar of Bauchi State High Court sentenced the convict on…

A Federal High Court sitting in Abuja, on Friday, ordered the closure of the case of Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT). Justice Okon Abang, who gave the order, also fixed Oct. 4 for parties in the…

The Federal Bureau of Investigations (FBI) in the United States has charged Abidemi Rufai, a Senior Special Assistant to Ogun State Governor, Dapo Abiodun, with $350,000 employment fraud. Acting U.S. Attorney Tessa M. Gorman announced…

A Nigerian man, Elvis Owie, has been arrested by the police in Mumbai, India over fraud allegations to the tune of N11 million. According to the Times of India, the 31-year-old Owie was arrested Wednesday by cybercrime detectives from…

A former Guaranty Trust Bank (GTB) staff, Onyekachi Nwosu, has been convicted and sentenced to seven years imprisonment by a Federal High Court, Enugu, over N50 million fraud. The Economic and Financial Crimes Commission (EFCC), which…

The Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Monday presented its first prosecution witness, Tijani Lateef, a motor parts dealer, against one Yusuf Olanrewaju, who is facing trial for N4.3m  fraud, before…

Former Imo State Governor, Senator Rochas Okorocha has rejected the N106 billion fraud indictment by the Justice Benjamin Iheaka-led panel probing contracts awarded during his eight years tenure. This is just as he derisively described…