The Economic and Financial Crimes Commission says it has arrested 34 suspected Internet fraudsters at 21, Sawmill Road Awa-Ijebu, Ogun State. The suspects who are between 19 and 37 years include 23 students at Olabisi Onabanjo University, out of which…
Electronic fraud in banking hits N6.1trn by 2021 – CBN (Guardian)
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021. Salam-Alada disclosed this at the ongoing workshop for Business Editors and…
Travel agent dragged to court over alleged N265,000 visa fraud (Punch)
A 29-year-old fake travel agent, Chinenye Ojimmadu, who police accused of defrauding a traveller of N265,000, on Tuesday, appeared in a Tinubu Magistrates’ Court. Ojimmadu who resides at No. 5, Ogini St., Ajah Lagos, is charged with two counts of…
EFCC arraigns ex-police paymaster, others for N1.3bn fraud (Punch)
A retired Assistant Commissioner of Police, Ifeoma Okpalugo, has been brought before a Lagos State Special Offences Court by the Economic and Financial Crimes Commission for alleged N1.3bn fraud. Okpalugo is standing trial alongside three others – Olumide Odumosu, Suleiman…
36 deported from Philippines for fraud (Punch)
A total of 36 telecom fraudsters have been returned from the Philippines to southern China’s Shenzhen on Wednesday. The suspects are behind more than 700 fraud cases across China involving over 18 million yuan (2.6 million dollars). according to the…
Reps to reopen alleged $1.348b power fraud probe (Guardian)
GenCos claim non-payment since June, NBET disagrees The House of Representatives could reopen the probe into an alleged $1.348 billion power sector fraud levelled against General Electric (GE) and Rockson Engineering Nigeria Ltd. The issue, which has lingered for years,…
After giving the pastor a free house, he impregnated my two sisters and then stole from us.
The Bible tells us to open our doors to the prophets of God and we would be blessed. Is that not so? My father, an 80-year-old man opened his house to Pastor Gboyega Emmanuel, a man who claims to know…
Alleged N4.6bn fraud charge: Danjuma’s absence stalls Fani-Kayode, Usman’s trial (Punch)
The absence of the third defendant, Yusuf Danjuma, on Wednesday stalled the trial of two former ministers charged for laundering N4.6 billion at a Federal High Court, Lagos. Danjuma, who is charged alongside with the ministers, is said to be…
