30 results
- 29 Dec 2017
Forensic Auditors Raise Alarm over Looting in Public Sector
Association of Forensic and Investigative Auditors (AFIA) has raised alarm over increasing rate of fraud and corruption in Nigeria and the Africa’s public sector. AFIA noted that with fraud…
- 4 Mar 2019
CIFIAN Worries as Fraudsters Steal N2Bn from Banks
The volume of fraud in Nigerian banks increased dramatically to about N25 billion in the past five years, according to Dr Victoria Enape, president, Chartered Institute of Forensic and Investigative…
- 9 Feb 2020
Forensics Experts Raise Alarm as Nigeria Loses N5.5trn to Fraud, Cybercrimes
Nigeria is estimated to have lost about N5.5trillion to fraud and cybercrimes in the last 10 years, according to Chartered Institute of Forensic and Investigative Professionals of Nigeria’s…
- 22 Aug 2017
Ministry to Deploy Technologies to Fight Financial Crimes
The Federal Ministry of Science and Technology will fabricate and deploy relevant technologies to assist in the fight against financial crime in the country. Dr. Ogbonnaya Onu, minister of Science…
- 16 Jul 2023
Cyber Security: NITDA, CIFCFIN to Collaborate on Digital Forensics
Kashifu Inuwa, director-general, National Information Technology Development Agency, has assured the President of Chartered Institute of Forensic and Certified Fraud Investigator of Nigeria (CIFCFIN)…
- 26 Jan 2019
FG Orders Forensic Audit of Stamp Duty Collections by Banks
Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is to authorise a forensic investigation of the funds that have so far accrued to the Federal Government through the collection of stamp…
- 11 Aug 2026
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse
Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws…
- 13 Nov 2018
Insider Abuse, Banking Malpractices Killed Skye Bank - Report
Risk Assessment and Forensic Investigation Reports has revealed that the erstwhile management of the failed Skye Bank Plc. contributed to its failure by engaging in insider abuse, poor corporate…
- 9 Apr 2019
CIFIAN Raises Alarm as Cyber Fraud Hit N25Bn in Nigeria
Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), has raised the alert over N25 billion cyber fraud recorded in the nation’s financial institution in the last five…
- 17 Aug 2019
Lagos Begins to Equips Forensic Centre with Toxicology Unit
Lagos State Government said it is working on equipping its Forensic Centre with Chemistry and Toxicology units to strengthen criminal investigations in the state. The units would be…
- 8 May 2014
Lagos Plans Forensic Lab, Deploy New Set of 1000 CCTV
Lagos State Government has announced plans to construct a forensic lab that will assist police in criminal investigation in the state. Adebiyi Mabadeje, State Commissioner for Science and Technology,…
- 3 Dec 2019
Nigerian Firms, Others Spend $800m on Cyber Security
Financial services companies, government institutions, telecommunication firms and financial technology companies operating in Nigeria, among others lost about $800m to cybercrime in 2018, according…
- 3 Apr 2019
RMAFC to Probe Banks over Stamp Duty Collections
Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has secured the approval of the National Economic Council (NEC) to probe banks over the collection of stamp duties, an investigation has…
- 24 Feb 2020
Copyright Commission, ICPC Commit to Intelligence Sharing
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Nigerian Copyright Commission (NCC) have committed to exploring avenues of intelligence sharing and institutional…
- 11 Mar 2026
CBN Directs Banks to Activate Anti-Money Laundering Systems
Central Bank of Nigeria (CBN) has issued new baseline standards requiring banks and other financial institutions to deploy automated anti-money laundering systems capable of detecting suspicious…
- 18 Apr 2021
NigComSat Trains 600 on VSAT Installation
Nigerian Communications Satellite Ltd (NIGCOMSAT) has completed the 6-day training of the 600 persons in Gombe, Abia, Kano, Ekiti, Kebbi, Lagos and Bauchi states. Dr Isa Pantami, minister of…
- 9 May 2019
Firm Fights Heritage Bank over Attempts to Takeover of HIP TV
Smooth Promotions Limited, owner of music channel, HIP TV, and organiser of the Headies Awards, has approached the Court of Appeal after the Federal High Court, Abuja, granted a motion ex parte filed…
- 17 Jul 2022
Nigerian-Born Tech Executives Convicted in US for Laundering $167m
Three businessmen of Nigerian descent – Anslem Oshionebo, Opeyemi Odeyale and Aleoghena Okhumale – have been convicted for money laundering in the United States. Their fate was sealed after Ping…
- 11 Jun 2025
Nigeria Police Dismantle WhatsApp Scam Syndicate, Freeze Millions
Nigeria Police Force has uncovered and dismantled a sophisticated cyber fraud syndicate that hijacked WhatsApp accounts belonging to high-profile Nigerians and used them to defraud their contacts.…
- 23 Feb 2009
Data Recovery, Essential Process for Business Surviva
Global statistics as reported by Relational Bus systems (RBS) have shown that hardware or system failure accounts for 78%, human error -11%, software corruption - 7%, and natural disasters -1% of all…
- 7 Nov 2014
Nigerian Banks Detect 46% eFraud via Customer Complaints
About 46% of cyber incidents are detected through customer complaints, according to Nigerian Cyber Threat Barometer report 2014 This was disclosed by Bukola Smith, head, Payment Sub-committee,…
- 4 Aug 2014
Experts Harp on Capacity to Combat Cybercrime
Stakeholders in the information technology security ecosystem have identified capacity challenge as major in the fight against cyber attack in the country and reeled out measures to combat the…
- 26 Jan 2019
DAT Launches Tax Collection Platform
Digital Afrique Telecom (DAT), currently operating in over 20 countries in Africa, has launched Tax Collect, an interoperable platform for collecting municipal taxes. This multi-channel…
- 31 Jan 2018
FG Sacks Gwarzo, Orders Refund of N104m Severance Package
Kemi Adeosun, minister of Finance, on Tuesday insisted that the suspension of Mounir Gwarzo, director-general of Security and Exchange Commission (SEC) was valid. At an investigative hearing…
- 11 Dec 2025
FRC, ICPC Seal Anti-corruption Alliance
The Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a memorandum of understanding (MoU) to enhance institutional…
- 26 Jan 2021
Commissioners Battle FCC Chairman over Alleged N35m Shallow Advert, Job Racketeering
Members of the Federal Character Commission (FCC) are locked in a “battle” with Dr. Muheeba Farida Dankaka, their chairman, less than six months after their appointments in June 2020. They have…
- 16 Dec 2019
Banks, Others Spend $270m to Battle Cyberattacks
Banks, insurance companies and government institutions in Nigeria spent an estimated sum of N270.22m to prevent cyberattacks in 2018, according to African cybersecurity study by Demadiur Systems…
- 8 Apr 2019
RMAFC Targets N100Bn from Probe of Stamp Duties Collection
Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has said it expects to recover more than N100 billion from the probe of banks over stamp duties collection. A statement by Mr…
- 11 Aug 2021
New Android Trojan Hijacks Facebook Accounts
A previously unseen Android Trojan dubbed FlyTrap has targeted at least 140 countries since March this year, spreading to more than 10 000 victims via social media hijacking, third-party app stores,…
- 24 Feb 2018
$1.2bn Debt: 20m 9mobile Subscribers May Be Cut Off
Some 20 million Nigerians who are subscribers of 9mobile (formerly Etisalat) may be cut off in 2022 as a result of the complications arising from the $1.2 billion loan default by the telco to a…