An operative of the Economic and Financial Crimes Commission, Abubakar Kweido, on Thursday, said findings in the investigation into the alleged N33.8bn fraud brought against a former Minister of Power, …
FraudInvestigation
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Fraud
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FraudInvestigationNews
Witness narrates how he converted N3.1 bn to $15.8m and handed same to ex-gov. Suswam
by Reporterby ReporterThe sixth prosecution witness in the trial of former governor of Benue State, Gabriel Suswam, Abubakar Umar, has narrated how he converted the sum of N3.1 billion, sent to him …
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Fraud
EFCC files fresh N110 billion corruption charges against former Kogi governor Bello
by Reporterby ReporterThe Economic and Financial Crimes Commission (EFCC) has filed fresh corruption charges against former Kogi State governor, Yahaya Bello, who is still being wanted for an earlier money laundering case. EFCC accuses …
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BankingFraudInvestigation
LOTUS Bank staff allegedly swindles over N336 million
by Reporterby ReporterLOTUS Bank Limited faces another financial setback having been defrauded of N336,993,863.35 by one of its employees, just two months after losing N1,134,491,604.31. In an affidavit sworn by Gbenga …
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FraudInvestigation
Two Nigerian bizmen, firm banned by World Bank for fraud, corruption
by Wahab Bashirby Wahab BashirTwo Nigerian businessmen, Mr. Akuboh Victor Uneojo and Engr. Innocent O. Diyoke, along with their firm, Diyokes Consultants Limited, have been banned by the World Bank for fraud and corruption. …
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FraudInvestigation
Billionaire Hyginus Nkwocha arrested by EFCC for alleged internet fraud
by Reporterby ReporterBillionaire Hyginus Nkwocha has been arrested in Abuja by the Economic and Financial Crimes Commission for alleged internet fraud and money laundering, leaving him in troubled waters. The Commission’s spokesperson, …
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FraudInvestigation
Nigerian arrested for ‘defrauding’ U.S. of $10m COVID-19 unemployment benefits
by Reporterby ReporterA Nigerian has been arrested for allegedly conspiring to obtain at least $10 million COVID-19 unemployment benefits from the United States (U.S.) government. A statement issued on Monday by the …
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FraudInvestigation
Nigerian billionaire arrested over fraud, terrorism links
by Reporterby ReporterOperatives of the Nigeria Police Force have arrested Linus Williams, a crypto billionaire popularly known as BLord. BLord was arrested in Abuja on Tuesday following allegations of cryptocurrency fraud, terrorism …
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FraudInvestigation
£2.6bn Fraud: Petro Union Directors lose bid to stop trial
by Reporterby ReporterA Federal High Court in Lagos on Wednesday dismissed a No-Case-Submission application filed by three Directors of an oil firm, Petro Union Oil and Gas Limited, who are currently standing …
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BankingFraudInvestigation
Court freezes N1.1billion linked to Globus Bank ex-staff accused of hacking, stealing customers N3.5 Billion
by Reporterby ReporterThe Federal High Court Abuja has frozen about N1,198,911,864.72 domiciled in different banks following monies linked to ex-staff of Globus Bank alleged to have hacked into customers’ N3.5 billion transactions …