News Archives

$5.3m fraud: US hunts scammers, traces funds to Hong Kong, Nigeria, others

David / May 5, 2024

The US government has filed a civil forfeiture action to recover $5.3 million linked to a business email compromise (BEC) scheme that defrauded a Massachusetts workers union. In January 2023, a spoofed email led the union to transfer $6.4 million to a fraudulent account. The funds were then routed through various international banks and cryptocurrency […]

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N17bn debt: GTBank drags UBA, Fidelity bank, 58 others to court

Fatima Awonuga / April 29, 2024

Parties cited for contempt include Access Bank, Citibank, Jaiz Bank, Union Bank, Fidelity Bank, First Bank of Nigeria Plc, First City Monument Bank, NDIC (liquidator for Heritage Bank), Polaris Bank, Stanbic IBTC Bank, Standard Chartered Bank, Taj Bank, United Bank for Africa and Zenith Bank alongside its principal officers.

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GTBank staff arraigned for stealing customers’ N9.9 million

David / April 29, 2024

Guaranty Trust Bank, GTBank, has sued one of its staff, Komolafe Oluwayomi, 45, before a Lagos Magistrate’s court for allegedly breaking into the bank’s system to steal the sum of N9,989,000 from its account and converted the money to his personal use. The defendant was ordered arrested by the Divisional Police Officer, DPO in charge […]

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Serial killer passengers arrested after they fatally stabbed two ride-hailing app drivers

Regina Abassi / April 26, 2024

Two members of a syndicate who specialise in killing drivers of ride-hailing apps and selling their cars have been arrested

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Courts Jail 36 Internet Fraudsters in Oyo

David / April 25, 2024

Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of thirty-six (36) internet fraudsters to various jail terms before Justices Uche Agomoh and E.U. Akpan of the Federal High Court, Ibadan, Oyo State; Ladiran Akintola, K.B. Olawoyin, Bayo Taiwo and O.S. Adeyemi of the Oyo State High […]

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N1.9bn Fraud: Court Orders Three Rural Electrification Agency Officials’ Arrest

Regina Abassi / April 23, 2024

Justice Emeka Nwite of the Federal High Court in Abuja, on Thursday, issued a warrant for the arrest of three

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Minister of Science and Technology, Geoffrey Nnaji, In Certificates Scandal

Fatima Awonuga / April 19, 2024

The minister of Science and Technology, Geoffrey Nnaji, is at the centre of a National Youth Service Corps certificate scandal.

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NDLEA arrests 4 intending pilgrims with wraps of cocaine in Lagos hotel

Regina Abassi / April 7, 2024

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested four intending pilgrims in a Lagos hotel as they planned to ingest wraps of cocaine. The pilgrims were to head to the airport after ingesting the substance to catch their flight on Wednesday when the operatives struck following a tip off. The Director, Media, […]

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CONTRACT SCANDAL ROCKS TETFUND AS ICPC ARRESTS CONTRACTOR

Trevor Fasuyi / April 7, 2024

A contract scandal of monumental proportion is currently rocking the the Tertiary Education Trust Fund (TETFund). So bad is the

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Perm Sec Denies Sexually Harassing Female Subordinate, Says, She Accused Me Because I Refused To Pay Her Bills

Regina Abassi / March 31, 2024

The permanent secretary of the federal ministry of foreign affairs, Ibrahim Lamuwa, says he is being accused of sexual harassment by Simisola Fajemirokun-Ajayi, an official of the ministry, because he refused her demands.