30 results
- 10 Jul 2017
Bankers Telecom Staff in Police Net over N150m ID Fraud
Police Special Fraud Unit (SFU) on Monday in Lagos announced the arrest of 11 suspected fraudsters, including three bank officials with a new generation bank over N150m fraud. ASP Lawal Audu, SFU…
- 6 May 2026
Police Arrest Members of N713m Bank Fraud Syndicate, Chinese Suspect at Large
Nigeria Police Force has arrested two suspects over a N713.9 million fraud linked to a breach involving a third-party banking platform. The police in a statement signed by Anthony Okon Placid, Force…
- 29 Aug 2017
E-PPAN Partners Payment Stakeholders to Training Nigeria Police On Electronic Fraud
As new technological innovations are created to make payments faster and seamless, so it seems fraudulent activities involving electronic fraud have increasingly become prevalent. These cyber actors…
- 11 Aug 2026
KudiWave Asks for Clarification over N750m Transfer from PalmPay Account
KudiWave Technologies Limited has raised questions over the transfer of N750,369,439.04 from its account with PalmPay Limited, seeking clarification on the timing, destination and circumstances…
- 10 Jul 2026
Police Busts Syndicate Who Allegedly Stole N3Bn from Financial Institution
Police Special Fraud Unit (PSFU), Ikoyi, Lagos, said its operatives have busted a syndicate who used Point of Sale (POS) terminals and other technological tools to gain access to financial…
- 1 Aug 2024
Police Arraign Two Students for Allegedly Stealing N1.9Bn in Data, Airtime from MTN
Police Special Fraud Unit, Ikoyi, Lagos, has brought two students before the Federal High Court for allegedly hacking into MTN Nigeria Communications’ systems and stealing airtime and data worth N1.9…
- 31 Oct 2018
PSFU Arrests Woman, Accomplice for Stealing N14.9m from Sterling Bank
Operatives of the Police Special Fraud Unit (PSFU), Lagos have arrested Ogechi perpetual Ezeoni, 29, a suspected female fraudster and Franklin ifeanyi mogekwe, 36 her accomplice, for allegedly…
- 12 Mar 2019
Access Bank Denies Wrongdoing in Sale of N2.5Bn Customer’s Goods
Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer’s goods worth N2.5 billion. The Police Special Fraud Unit in Lagos had charged Access Bank Plc, its…
- 14 Jan 2014
EFCC, SFU Tighten Noose on 9 Banks Over Cybercrime
Economic and Financial Crimes Commission (EFCC) and the Special Fraud Unit (SFU) of the Nigeria Police Force are presently handling different Cyber-related crimes cases involving banks and other…
- 2 Jul 2026
Court Declares Keystone Bank Staff Wanted over Alleged N35m Fraud
A Federal High Court, Lagos has declared Mrs. Ebele Okpala, a female banker with Keystone Bank, wanted over alleged N35 million fraud. Apart from declaring the banker who is said to be outside the…
- 20 Apr 2017
NDIC Plans Fresh Arrest of Failed Banks’ Directors
Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said the Task Force on the Implementation of the Failed Bank Act would soon begin to re-arrest for prosecution directors and officers of…
- 8 Feb 2019
EFCC Clears TD Staff, Zinox of N170m Contract Scam Allegation
Economic and Financial Crimes Commission (EFCC), just like the Nigerian Police, has cleared Zinox Technologies Ltd., Zinox Telecoms as well as Technology Distributions Ltd. (TD) and its staff of any…
- 17 Oct 2017
E-PPAN Rallies Stakeholder to Discuss Big Data Analytics in Combating Payment Fraud
By peter oluka The Electronic Payment Providers Association of Nigeria (E-PPAN) has revealed that discussions at the 8th annual payment systems and fraud conference will focus on ‘Leveraging Big Data…
- 3 May 2017
Zinox Threatens to Sue Premium Times for Defamation
The management of Zinox Technologies Ltd. has given a seven-day deadline to the publishers of Premium Times, a local online publication to retract series of defamatory publications against the…
- 20 Sept 2018
4 Men Hack into FCMB Database, Steal N1Bn
Four suspected hackers were arraigned before an Igbosere Magistrate Court, Lagos for allegedly stealing the sum N1billion from accounts belonging to customers of First City Monumental Bank (FCMB).…
- 6 Aug 2017
Banks’ Staff, Others Steal N2.4Bn -NDIC
Banks in Nigeria lost N2.4 billion to fraud and forgeries executed by staff in connivance with fraudsters in 2016, according to the Nigeria Deposit Insurance Corporation (NDIC), NDIC attributed the…
- 7 Jul 2013
Panic as Bankers, Fraudsters Empty Customers' Accounts
Disturbing revelations at the weekend suggested that a worrying fraud scheme-the theft customers’ ID data by employees of financial institutions is on the rise. Investigations showed that insiders in…
- 31 May 2021
Firm Petitions SFU as Bankers’ Panel Withdraws from N1Bn Fraud Probe
The Sub-committee on Ethics and Professionalism of the Bankers’ Committee has withdrawn from investigating a fraud case to the tune of about N1bn involving Star Orient Nigeria Limited, an aviation…
- 10 Sept 2017
Joseph Petitions VP Osinbajo Again Over N170m Deal with FIRS
Benjamin Joseph, managing director of an Ibadan-based firm, Citadel Oracle Concepts has again petitioned Yemi Osinbajo, Vice President, against the Economic and Financial Crime Commission (EFCC); the…
- 15 Sept 2016
Blackmailer Attacks Ekeh, Zinox Boss- Ayogu
Gideon O. Ayogu, head, Corporate Communications, Zinox Group, has raised alarm over the publication of malicious article intended to smear his boss Leo Stan Ekeh, chairman, Zinox Group and his…
- 14 May 2023
Court Remands ‘Wonder Bank’ Operators over Alleged Fraud
Justice Abimbola Awogboro of the Federal High Court in Lagos has remanded three alleged Ponzi scheme operators in prison over their alleged involvement in an N59 million fraud. Chimaobi Ifechukwu,…
- 11 Mar 2019
Female Banker Allegedly Steals N6.7m From Customers
Ralphael Lawrence, 38, a female manager in charge of the Nnewi, Anambra State branch of the Self Reliance Economic Advancement Programs (SEAP Micro-finance Institute), has been arraigned before a…
- 23 May 2017
Zinox Sues Premium Times, Demands N2Bn for Defamation
Zinox Technologies Ltd., foremost Information and Communications Technology (ICT) company, has slammed a N2 billion suit on Premium Times, an online news medium, for a series of defamatory…
- 4 Oct 2022
Femi Falana, SAN: Your Client’s Publication on Zinox Chairman, a Cheap Blackmail
By E. Ezuka I have followed with interest the case of what appears to be an attempted blackmail by your client, Mr. Benjamin Joseph of Citadel Oracle Concepts Limited, an Ibadan-based ICT retail firm…
- 22 Dec 2020
Zinox Dismisses Claims of Police Indictment of Leo Stan Ekeh
The management of Zinox Technologies, Nigeria’s leading integrated Information and Communications Technology (ICT) company,has debunked allegations of Leo Stan Ekeh, its chairman, being indicted by…
- 4 Oct 2022
FG Orders Prosecution to Logical Conclusion of Benjamin Joseph, Alleged Blackmailer of Zinox Chairman
The Federal Government has ordered the continuation of prosecution to a logical conclusion of one Benjamin Joseph, owner of Citadel Oracle Concepts Limited, an Ibadan-based ICT retail firm and…
- 16 May 2015
Ex-Governors Have N172Bn Cases of Fraud- Punch
Saturday Punch has revealed that over N172 billion fraud cases are pending against some senators-elect who were formerly governors. Over 15 ex-governors won senate seats in the March 28 election with…
- 24 May 2012
N390m CSR Donation Divides Aviation Sector
The aviation sector is enmeshed in yet another controversy following an alleged N390 million donation made to the Federal Airport Authority of Nigeria (FAAN) by Afromedia, an outdoor advertising firm…
- 6 Aug 2024
Court Grants N50m Bail to Hackers Who Allegedly Stole N1.9Bn from MTN Network
Justice Akintayo Aluko of the Federal High Court in Lagos yesterday granted bail in the sum of N50 million to Timothy Oluwabukola and Anthony Odemerho, two alleged hackers, who were accused by the…
- 23 Nov 2020
Nine People Allegedly Steal N415m from Dangote
An Ikeja High Court Monday fixed January 20, 2021 for continuation of trial of nine accused persons arraigned for allegedly stealing the sum of N451million from Dangote Sugar Refinery Plc. Aliko…