Fraud Archives — City Business News

April 23, 2024 No Responses

Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud

The Federal High Court sitting in Lagos has freed a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, over an alleged ₦8.5bn fraud brought against him by the Economic and Financial Crimes Commission (EFCC). Justice Ayokunle...

April 19, 2024 No Responses

EFCC Declares Yahaya Bello Wanted Over Alleged N80.2b Fraud

Former Governor of Kogi State, Yahaya Bello has been declared wanted by the Economic and Financial Crimes Commission (EFCC) over alleged N80.2 billion fraud. EFCC called on those with vital information about the former Kogi governor’s whereabouts...

April 18, 2024 No Responses

FG Warns Against Obstruction Of EFCC From Lawful Duty

The Minister of Justice and Attorney-General of the Federation, Lateef Fagbemi, SAN has warned against obstructing the Economic and Financial Crimes Commission (EFCC) from carrying out its lawful duty.Fagbemi gave the warning Thursday in a statement released i...

January 11, 2024 No Responses

Zenith Bank Denies MD’s Arrest

Zenith Bank Plc has refuted claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested and held by the anti-graft agency, the Economic and Financial Crimes Commission, in relation to alleged fraud at the Ministry of Hum...

January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...

January 8, 2024 No Responses

Tinubu Suspends Betta Edu

President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, from office with immediate effect.According to a statement issued by Special Adviser to the President(Media & Publicity), Chief Ajuri Ngelale...

November 28, 2023 No Responses

NADDC Raises Alarm Over DG’s Impersonation, Fraud

The National Automotive Design and Development Council (NADDC) on Monday raised alarm over the alleged impersonation of its Director General, Mr Oluwemimo Joseph Osanipin. In a public notice obtained by City Business News, NADDC said:...

April 20, 2023 No Responses

NPA Retiree Jailed 14 Years For N24.3m Fraud

An Ikeja Special Offences Court on Wednesday sentenced a retired staff of the Nigeria Ports Authority (NPA), Nasiru Ogara, to 14 years’ imprisonment for engaging in N24.3 million waste bin and vehicle documents fraud. Justice Mojisola Dada, while deliverin...

October 24, 2022 No Responses

Customs Warns Officers Against Fraud, Threatens More Sack, Sanctions

The Nigeria Customs Service (NCS) will continue to wield its “big stick” on officers found to be involved in fraudulent practices. The National Public Relations Officer of the service, Deputy Comptroller Timi Bomodi told the News Agency of Nigeria (N...

March 15, 2022 No Responses

NCC To Partner CBN On e-Fraud

The Nigerian Communications Commission (NCC) is to partner Central Bank of Nigeria (CBN) to tackle e-fraud identified as the greatest threat to digital finance. NCC’s Director of Consumer Affairs Bureau, Mr Efosa Idehen, gave the assurance at the...

November 29, 2021 No Responses

Customs Intercepts N71m Cash

The Katsina State Command of Nigeria Customs Service (NCS) has intercepted a vehicle loaded with more than N71 million. Briefing Journalists on Monday, Acting Controller at the command, Alhaji Dalhat Wada-Chedi, said: “We intercepted the mo...

November 23, 2021 No Responses

NCC Alerts Nigerians On False Davido’s Airtime, Data Giveaway Advert

The Nigerian Communications Commission (NCC) has alerted Nigerians about a false Davido’s airtime and data giveaway advert on social media. Dr Ikechukwu Adinde, Director, Public Affairs of NCC in a statement on Tuesday explained that a group of scammers ha...

November 16, 2021 No Responses

NCC Alerts Of Hacking Group Targeting Telcos, ISPs

The Nigerian Communications Commission (NCC) has notified the public of the existence of another hacking group orchestrating cyberespionage in the African telecoms space. A statement issued by Dr. Ikechukwu Adinde, Director, Public Affairs exp...

November 12, 2021 No Responses

EFCC Detains Lucky Igbinedion Over Alleged N1.6b Fraud

The former governor of Edo State, Mr Lucky Igbinedion, is currently being grilled by operatives of the Economic and Financial Crimes Commission, (EFCC) over what a source described as alleged criminal diversion of public funds to the tune of N1.6bn. ...