30 results
- 21 Nov 2021
Bank Customers Lose N42.7Bn to Fraudsters in 3 Months- Report
Bank customers lost a whopping N42.755 billion to fraudulent activities perpetrated through social engineering in just three months. Social engineering is when fraudsters trick individuals to reveal…
- 18 Jul 2016
Beware of New ATM Fraudsters, EFCC Warns
Economic and Financial Crimes Commission (EFCC) has raised the alarm about the activities of identity thieves and automated teller machine fraudsters in the country. It has also urged Nigerians to be…
- 8 Feb 2018
Banks Battle Fraudsters over Fake Alerts
Deposit Money Banks (DMBs) in the country are stepping up measures to check the activities of fraudsters who defraud some Nigerians through fake bank alerts scam. According to findings by New…
- 27 Aug 2014
Beware! Fraudsters Shop Abroad with Cloned Nigerian ATM Cards
Facts emerged on Tuesday that electronic fraudsters had been duplicating Automated Teller Machine (ATM) cards belonging to Nigerian bank customers and using them to buy items worth millions of…
- 9 Dec 2018
Telcos, Banks in Denial as SIM Swap Fraudsters Empty Accounts
Telecommunications operators and commercial banks are denying involvement in SIM swap frauds as Nigerians continue to lose millions of naira to fraudsters who use mobile numbers and short codes to…
- 26 Apr 2019
Fraudsters Now Working inside Banks- EFCC Boss
Ibrahim Magu, acting chairman, Economic and Financial Crimes Commission (EFCC), has claimed that fraudsters now work in Nigerian banks and also accused banks of conniving with Bureau De Change…
- 5 May 2009
MTN Renews Fight against Fraudsters
MTN has again alerted its subscribers to the activities of fraudsters who are currently contacting unsuspecting subscribers across the country in attempts to dupe them. Wale Goodluck, corporate…
- 7 Jul 2019
Fraudsters Overwhelm Banking Operations, Nigerians Cry Out
Nigerians are worried that the activities of fraudsters in banks across the country may have overwhelmed banking operations despite efforts at curbing them. Gen Yakubu Gowon, former Head of…
- 13 Mar 2019
ThreatMetrix Says Fraudsters Target Mobile Account Logins
The H2 2018 Cybercrime Report by ThreatMetrix has revealed a change in fraudsters’ tactics toward attacks on mobile particularly prevalent in financial services. The report is based on 17…
- 2 Apr 2016
Bank Customers Lose N2.25Bn to Fraudsters – CBN
Bank customers lost N2. 25billion to fraudsters last year despite a significant fall in the value of financial frauds recorded last year, acording to data from the Central Bank of Nigeria…
- 14 Apr 2021
Fraudsters Take over JAMB Website, Divert Staff Allowances
Suspected fraudsters recently took over the websites of Joint Admissions and Matriculation Board (JAMB) and hijacked over N10 million meant to be paid to ad-hoc staff of the JAMB, as allowances. The…
- 29 Jun 2020
CBN Warns N50Bn Loan Applicants against Fraudsters
Central Bank of Nigeria (CBN) has warned prospective applicants for the bank’s N50 billion Targeted Credit Facility (TCF) to beware of fraudsters using employees names as a front. Mr. Godwin…
- 13 May 2017
Prevalence of Mobile Banking Creates 'Rich Opportunities' for Fraudsters - Study
As smartphones increasingly become an indispensable financial tool for consumers' financial lives, their value to fraudsters has risen accordingly, reveals a new study by Javelin Strategy &…
- 24 Oct 2018
Alleged Fraudsters Steal N1.8Bn from Sterling Bank
Two persons alleged to be fraudsters have been accused of obtaining the sum of N1.8 billion from Sterling Bank Plc by false pretence. The duo identified as Messrs Ogbor Kehinde Eliot and…
- 5 Feb 2024
How Fraudsters Trick Finance Worker into Paying them $25m Using Deepfake AI to Pose as Chief Financial Officer
A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call,…
- 8 Mar 2021
Banks Lose N5Bn to Fraudsters in 9 Months – NDIC
Banks in the country lost over N5 billion to fraudsters within a nine-month period in 2020, according to Nigeria Deposit Insurance Corporation (NDIC). Mrs Omotola Abiola-Edewor, executive director,…
- 9 Sept 2019
Beware of Fraudsters, Access Bank Warns Customers
Access Bank has warned its customers to be vigilant as fraudsters design ways of defrauding them. In an emailed report, the lender warned customers to ignore messages purporting to emanate…
- 16 Sept 2020
Stanbic IBTC Bank Disowns Lagos ATM Fraudster
Stanbic IBTC Bank PLC has disowned Tope Olajide, 22-year-old fraudster arraigned for theft of customers deposits. The Bank said this in a statement on Wednesday. The statement said: “The attention of…
- 9 Jun 2025
Beware!, Fraudsters Using our Name to Defraud Investors- NNPCL
Nigerian National Petroleum Company Limited (NNPC) has warned local investors and foreign businesses about the activities of fraudsters falsely claiming to represent the company. The state-owned…
- 20 Mar 2015
FAAN Raises Alarm, Says Fraudsters Target Recruitment Exercise
Federal Airport Authority of Nigeria (FAAN) has raised alarm on the activities of fraudsters who may start feeding fat from its ongoing recruitment exercise. Yakubu Dati, general manager, corporate…
- 3 Dec 2021
CBN Guarding eNaira against Hackers, Fraudsters – Spokesman
Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. Mr Osita Nwanisobi, director, Corporate Communications…
- 2 Aug 2015
CPN Unveils Tamper-Proof Certificate to Check Fraudsters
The Computer Professionals (Registration Council) of Nigeria (CPN) is to unveil tamper proof certificate in a move to check fraudsters who falsify its certificate to perpetuate sham practices.…
- 10 May 2019
NCC Steps Up Fight against Cyber Crooks, Internet Fraudsters
Nigeria Communications Commission (NCC) has said that it was stepping up its fight against cybercrimes and internet fraudsters in the country. Mrs. Felicia Onwuegbuchulam, director, Consumer…
- 22 Apr 2019
Police Arrests 10 Suspected Sim Swapping Fraudsters
Oyo State Police Command has arrested 10 suspected fraudsters who specialised in defrauding their victims by swapping their mobile phone SIM cards, through which they would have access to their…
- 18 Mar 2018
JAMB Warns as Fraudster Urges UTME Candidates to Pay for Scores ‘Upgrades’
As the writing of the 2018 Unified Tertiary Matriculation Examination came to an end on Friday, fraudsters have invaded the Internet, asking candidates to call some numbers through which they could…
- 3 Apr 2024
Air Peace Raises Alarm as Fraudsters Clone Website, Dupe Customers
Air Peace, indigenous aviation company, on Tuesday, raised the alarm that some intending passengers intending to book UK flights on its portal were defrauded by fraudsters who cloned its official…
- 10 Aug 2018
Banks’ Customers Exposed to Fraud as Insiders Mine Data for Fraudsters
The pervasive electronic banking fraud in the banking sector is leaving in its wake losses and crisis of confidence in the financial industry, according to investigation by Nigeria…
- 24 Jan 2015
Bank Insiders Help Fraudsters Steal Billions
Despite multiple security checks in banks, incidents of fraud are on the increase, prompting the Central Bank of Nigeria (CBN) to raise alarm, blaming it on insiders. A report by Weekly Trust takes a…
- 5 May 2013
JAMB Warns Candidates Against Internet Fraudsters
Joint Admissions and Matriculation Board (JAMB) has cautioned prospective candidates into universities and other tertiary institutions who sat its 2013 admission examinations on April 28 against…
- 28 Sept 2014
FOSSRA Alerts on Activities of Online Fraudsters
The forum of spokespersons of Security and Response Agencies (FOSSRA) has warned those it described as swindlers that use unverified websites and fake social media platforms to defraud unsuspecting…