Corruption news
Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offences Court for allegedly stealing the sum of N3.5 billion from Access Bank. The News Agency of Nigeria (NAN) reports that the three men are Michael Igbomins, David Onyeike and Moses Iruolaje, on two counts of stealing and retention of proceeds…
Some depositors of the Olusegun Alebiosu led First Bank of Nigeria Limited are stiff worried about the N40 billion fraud that rocked the bank. They are perturbed that the staggering amount involved in the fraud might affect their deposits, we gathered that some of them have been tropping to the bank to withdraw their money…
For allegedly betraying the trust reposed in him by his employer as the officer in charge of payment of drivers’ retirement benefits and stealing close to N10 million from Guaranty Trust Bank (GTBank), Komolafe Oluwayomi of the Oyin Jolayemi Street, Victoria Island, Lagos branch of the bank has been remanded at Ikoyi correctional facility. When…
Teesside University in the United Kingdom has announced a new initiative to support Nigerian students facing severe financial difficulties by funding their flights home, as reported by BBC on Tuesday. This move came after several students were removed from their courses and ordered to leave the UK due to their inability to pay tuition fees….
The Global Prolife Alliance, GPA has sensationally revealed that billionaires from the United States are funding an organ trafficking cartel in Nigeria. The GPA made the shocking revelation in a letter to President, Bola Ahmed Tinubu and Speaker, House Of Representatives. The letter is signed by Academician (Dr) Philip Njemanze, Chairman, Global Prolife Alliance, GPA….
Heritage Bank was recently liquidated by the Central Bank of Nigeria, and the NDIC took over control of the bank, refunding customers of the firm There are indications that the bank’s situation may have worsened due to questionable purchase agreements, bad loans, and other issues The CBN under Olusegun Obasanjo had earlier dissolved the bank…
A Nigerian national, Uchenna Christian Nlemchi was sentenced to 51 months in prison and ordered to pay $524,000 in restitution and a money judgment in the amount of $868,295 for his role in a hybrid romance scam and business email compromise scheme. Nlemchi was extradited from Hungary to the United States of America last year. […]
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A contract scandal of monumental proportion is currently rocking the the Tertiary Education Trust Fund (TETFund). So bad is the situation that operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have beamed their searchlight on the activities of TETFund. Last Tuesday, a contractor, known as Paul Chukwuma, was arrested by the…
Operatives of Nigeria Security and Civil Defence Corps (NSCDC) Abia State Command, in collaboration with the Commandant General’s Special Intelligence Squad (CG’s SIS) have arrested about 12 suspected pipeline vandals in Obiakpo Obuzo Asa in Ukwa West LGA of Abia State. Confirming the arrest, the NSCDC revealed that credible intelligence led to the discovery of…
For 13years, Chairman of Zenith Bank, Jim Ovia, used his Bank to fraudulently trade with the account of Seaforce Shipping Company owned by Billionaire Businessman, Femi Otedola without his permission…
