Fraud Archives — Page 3 of 4 — City Business News

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. ...

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,&nbs...

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,...