fraud

Zenith Bank loses N5.26 billion to fraudsters

Zenith Bank recorded 497 fraud incidents in 2024, which are valued at N7.74 billion or $62 million. According to the company’s financial statements for the year ended December 31, 2024, the fraud incidents dropped compared to 523 cases, worth N894.4 million, recorded

April 21, 2025

News

EFCC: Court Sentences man To 10 Years for ATM Fraud In Kaduna

Justice A.A Bello of the Kaduna State High Court convicted and sentenced Idris Musa to ten years in prison for engaging in Automated Teller Machine (ATM) fraud.

January 11, 2024

Business

Chinmark CEO, Ijiomah Chinedu, Declared Wanted Over N480 million Investment Fraud

The Chief Executive Officer of Chinmark Group, Ijiomah Marksman Chinedu, has been declared wanted by the Nigerian Police amid alleged involvement in N480 million investment fraud. Chinedu was said to have promoted some investment opportunities with the promise of fixed interest for

April 12, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

The Central Bank of Nigeria (CBN) has placed some Bank Verification Numbers (BVN) of bank customers on a watch list for fraudulent transactions. This comes as Nigeria prepares for a very important general election in 2023 following the completion of two terms

December 27, 2022

Business

FarmKonnect Founder, Oluwole Saheed, Declared Wanted, Goes Into Hiding With N50 million

The founder of FarmKonnect Agribusiness Nigeria Limited, Oluwole Azeez Saheed, has been declared wanted by the Nigerian Police Force over alleged investment fraud. Saheed was accused of creating an agric investment opportunity to fraud unsuspecting persons, and was able to raise N50

September 12, 2022

Business·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Business

Wema Bank Chief Reveals Secrets On Data Storage

Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cyber threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria

June 6, 2022

News

How Fraud Suspect Deposited Fake €482,000 In Bank

During the trial of a self-acclaimed Malaysian-trained software engineer, Saidu Abdu Abdullahi, which continued on Friday, at the Federal High Court, Ikoyi, Lagos, the first prosecution witness (PWI), Chuks Igboerika, gave a chilling account of how the defendant had deposited fake Euro

January 22, 2022

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Zenith Bank loses N5.26 billion to fraudsters

EFCC: Court Sentences man To 10 Years for ATM Fraud In Kaduna

Chinmark CEO, Ijiomah Chinedu, Declared Wanted Over N480 million Investment Fraud

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

FarmKonnect Founder, Oluwole Saheed, Declared Wanted, Goes Into Hiding With N50 million

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

Wema Bank Chief Reveals Secrets On Data Storage

How Fraud Suspect Deposited Fake €482,000 In Bank

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