In a dramatic crackdown, the Economic and Financial Crimes Commission (EFCC) has dismantled a large-scale syndicate involved in cryptocurrency investment and romance scams, arresting a staggering 792 suspects in a high-profile raid in Lagos.
Browsing: Fraud
“Fraudulent transfers, withdrawals, and reactivation caused 80% of the loss, followed closely by embezzlement at 29%, which included cash theft, dry posting, cash theft, as well as electronic fraud, and USSD (9%),” the report indicates.
Kebbi state government has deposed three district heads in three local government areas in Gwandu Emirate either for gross misconduct, insubordination, fraud, partisanship or leaving their posts without permission.
A Federal Capital Territory High Court in Abuja has adjourned an alleged procurement fraud case involving the ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
A Fintech Company, PalmPay, says the upsurge in fraud cases in Nigeria’s financial services sector calls for improvement in the security and safety of fintech apps.
The Head of Service of the Federation (HoSF), Mrs. Folashade Esan, has indicted desk officers of Integrated Payroll and Personnel information System (IPPIS) in Ministries Department and Agencies (MDAs) of Government for perpetrating fraud in recruitment exercise.
The West African Examinations Council (WAEC) on Thursday launched its Digital Certificate platform in Lagos. The Head, National Office (HNO),…
The Economic and Financial Crimes Commission (EFCC) on Monday, presented its last witness and closed its case in the ongoing…
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Monday, secured the conviction and sentencing of…
A Lagos High Court has sentenced former managing director of defunct Bank PHB, Francis Atuche to six years in prison.…