Fraud Archives — Page 2 of 3 — City Business News

November 10, 2021 No Responses

FAAN Apprehends Arik Airline Staff Over Alleged Extortion:

The Federal Airports Authority of Nigeria (FAAN) has apprehended staff of Arik airline while allegedly soliciting bribe from a passenger at the general aviation terminal in Lagos. General Manager, Corporate Affairs of FAAN, Mrs Henrietta Yakubu, in a statement on Tuesday explained...

September 23, 2021 No Responses

Reps Task NCC, CBN On ATM, Web fraud

The House of Representatives has challenged the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to ensure all monies lost as a result of Card/ ATM and web-based fraud are refunded to the affected victims. The...

August 7, 2021 No Responses

Woman Docked Over Alleged N4m Theft From Stanbic IBTC Bank

The Police in Osun State on Friday, arraigned one Sarah Peter, 28, before an Ile-Ife Magistrates’ Court for alleged N4 million theft from Stanbic bank. The Prosecutor, Insp Elijah Adesina, told the court that the defendant committed the offence so...

July 13, 2021 No Responses

Mitsubishi Pays €25m Fine To Settle Emission Fraud Allegations

Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year.German authorities last year raided 10 sites as part of a probe into suspected diesel emissi...

April 14, 2021 No Responses

FirstBank Educates Nigerians On Cybersecurity

First Bank of Nigeria Ltd., is sensitising indivduals and businesses with useful information on protection to avoid cyberattack in today’s digital age. The Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan explained in statement on Tuesday...

November 10, 2020 No Responses

EFCC Re-Arraigns Ex-NIMASA D-G For Alleged N156.4m Fraud

The Economic and Financial Crime Commission (EFCC) on Monday, re-arraigned a former Director-General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Haruna Jauro, in a Federal High Court in Lagos for alleged N156.4 million money laundering...

July 1, 2020 No Responses

Airtel Official Bags Five Years Jail For N2.2m Fraud

A Magistrates’ Court in Igbosere, Lagos, on Tuesday sentenced a customer service representative of Airtel Nigeria Ltd, Jeremiah Mustapha, to five years in correctional centre, for facilitating a N2.2 million fraud. Mustapha, 32, was arraigned on June 14, 201...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...

February 23, 2018 No Responses

Banker Allegedly Forges Customer’s Signature, Steals N1.6m

A 43-year-old banker, Emmanuel Isah, who allegedly forged a customer’s signature and pilfered his N1.6 million, on Friday appeared before a Wuse Zone 2 Magistrates’ Court in the FCT. Isah is facing a two-count charge of forgery and theft. The accused,...

February 15, 2018 one Response

Man docked for allegedly smuggling $23,000 inside birthday cake

Dim Chukwuneye Williams who allegedly attempted to smuggle $23,000 from US into the country by concealing it inside a cake, on Thursday appeared in an Ebute Meta Magistrates’ Court in Lagos. Williams who resides in Anambra, is standing trial on...

September 30, 2017 No Responses

Edo sacks Permanent Secretary, suspends three others over alleged N283m fraud

The Edo State Government on Friday sacked a permanent secretary in the State Ministry of Youth and Special Duties, Dr. (Ms) Osayuware Idahosa and three other civil servants over allegation of padding the budget for the conduct of primary school examinatio...

March 27, 2017 No Responses

Customs comes under scrutiny over alleged N4tri revenue leakage

Citing alleged revenue leakage in the Nigeria Customs Service (NCS) between 2006 and 2016, the Senate Committee on Customs, Excise and Tariff has commenced an intense investigation. Speaking on Sunday in Abuja, the Chairman of the committee, Hope Uzodinma,...

October 31, 2016 No Responses

CBN to sanction fraudulent bank customers

Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,...

September 13, 2016 No Responses

Lagarde to face trial over alleged fraud

The head of the International Monetary Fund, Christine Lagarde, will go to trial December 12 in a long-running fraud case. A French court set the date Monday after rejecting an appeal. Lagarde is accused of intervening in a legal dispute...