Financial Crimes

Banks lost N2.2bn to electronic fraud in 2016 – CBN

The Central Bank of Nigeria (CBN) has said the Nigeria Interbank Settlement System (NIBSS) recorded over 1,200 per cent increase in  reported fraud cases in ...

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How Gov. Yari built Lagos hotel with N500m, $500,000 Paris Club funds – EFCC

A Federal High Court in Abuja has ordered an interim forfeiture of the sums of N500m and $500,000 said to have been looted from the Paris Club refunds made by the Federal Government in favour of the 36 states of the federation ...

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EFCC arrests Jigawa ex-governor, Saminu Turaki

The Economic and Financial Crimes Commission (EFCC) has arrested former governor of Jigawa, Senator Saminu Turaki Spokesman of the agency, Mr Wilson Uwujaren, yesterday confirmed ...

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Nigerian fraudsters face jail in UK over £2.5m fraud

A gang of fraudsters are facing jail for using the identities of MPs, judges and police officers during a £10million scam. The crew stole personal ...

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Army corporal in police net for working with Evans, kidnap kingpin

A soldier, Victor Chukwunonso, said to be a gang member of the notorious kidnap kingpin, Chukwudimeme Onwuamadike, aka Evans, has been arrested by the police ,,,

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Panel sits to probe Fayemi’s tenure as Ekiti governor

The Judicial Commission of Enquiry set up by the Ekiti State government to probe financial transactions in the administration of Dr. Kayode Fayemi as the ...

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2017 budget: FG to release N350bn for capital projects

The Federal Government is set to release the first tranche of capital release of N350bn to Ministries, Departments and Agencies (MDAs) of government for implementation ...

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Alleged money laundering: Former governor Suswam, 2 others get bail

The Federal High Court in Abuja Monday granted bail to the former governor of Benue State, Gabriel Suswam and two others who were arraigned on ...

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Dangote Cement hands over drivers to Customs for transporting contraband

The transport section of Dangote Cement, Ibese Plant, Ogun State, has intercepted one of the company’s trucks loaded with contraband in Ibadan, Oyo State, arrested ...

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Nigerian hackers steal $3bn worldwide – Reports

Nigerian hackers and cyber criminals are being accused of masterminding a grand theft of information and money running into billions of dollars, worldwide. According to ...

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