Fraud – Page 7 – City Business News

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, 2017 alongside...

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...

August 14, 2016 No Responses

First Bank seeks clarification on alleged N11.2B fraud

First Bank of Nigeria on Saturday denied any involvement in the alleged N11.2 Billion fraud at Nigerian Ports Authority (NPA). An online medium, PREMIUM TIMES had on Saturday reported that the newmanagement of the Nigerian Ports Authority has uncovered....