The Nigeria Deposit and Insurance Corporation (NDIC) has called on the Nigeria Police, the Economic and Financial Crimes Commission (EFCC) and other security agencies in the country to be ready to prosecute directors and managers of the recently liquidated Heritage Bank. The managing director and chief executive officer of the NDIC, Mr Bello Hassan, stated…
A former GTbank manager, Fidelis Egueke, was on Thursday, re-arraigned for the third time, by the Force Criminal Investigation Department Alagbon-Ikoyi, over an alleged fraud of N179, 498 million. Egueke was re-arraigned before a Lagos Federal High Court, in Lagos on 16 counts-amended charges filed against him by the police. The defendant, who last worked…
Story Highlights Federal High Court Abuja freezes N1.1 billion across multiple bank accounts linked to ex-staff of Globus Bank accused of hacking and stealing N3.5 billion from customers. EFCC alleges that Babatunde Idris Olayiwola, Chinedu Ihuma, and Igwe George Benedict Obinna, former ICT staff of Globus Bank, orchestrated the fraud using insider knowledge and accessed…
A former Information Technology (IT) officer at Globus Bank, Idris Babatunde Olayiwola, has dismissed as “baseless” and “untrue”, fraud allegations levelled against him by the bank. Olayiwola in a statement he personally signed and which was released on his X handle, on Monday, said contrary to allegations by the bank, he did not hack customers’…
Justice Emeka Nwite of the Federal High Court, Abuja, has ordered the closure of two companies linked to James Nolan, a British national, facing trial over his involvement in the Process and Industrial Developments Limited (P&ID) fraud. In two separate judgments, Justice Donatus Okorowo held that the two companies were found guilty of the money…
Fidelity Bank Plc and its customers suffered N2.1bn loss after the lender saw a surge in fraud and forgery cases in 2023. Fraud and forgery cases rose by 22.2 per cent year-on-year from 2,518 recorded in 2022 to 3,079 in 2023, according to the bank’s financial statement analysed by THE WHISTLER. The Central Bank of…
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two former staff of Union Bank for allegedly stealing the sum of N4,199,500 belonging to a deceased customer of the bank. The suspects, Idah Ogoh, and Agbo Okwute, were arrested on Friday, June 21, 2024, in Makurdi, Benue State. The EFCC spokesperson, Dele…
The police in Abuja is currently investigating the involvement of Providus Bank Limited, some of its officials and another commercial bank in an alleged N1 billion fraud scam, THE WITNESS reports. THE WITNESS learnt that bank officials are being quizzed following a transfer of about N1 billion by a bureau de change operator in Abuja,…
