Payment is the lifeblood of any economy. It is the flow of money from a buyer to a seller. For a long time, payment was largely physical, and people transacted with only cash. But with the advent of digital technologies, payments have moved online, and transactions are now largely contactless. Cash is still king […]
The court of appeal in Sokoto has sentenced two Chinese nationals, Meng Wei Kun and Xu Kuai, to six years imprisonment for fraud. The Economic and Financial Crimes Commission (EFCC) arraigned the convicts before a federal high court in Sokoto on a three-count charge bordering on conspiracy, money laundering, and attempted bribery to the […]
Muftau Zakari, a resident of Ibadan, has accused Wema Bank of disbursing N7 million from his late father’s accounts to faceless individuals and non-existing corporate entities created by four lawyers to steal from his father. The Ibadan resident also accused Wema Bank of nonchalance, as the bank did not contact anyone from his family […]
The Economic and Financial Crimes Commission today arrested one Enock Ifeoluw Ogungbamigbe, noted as a serial visa scammer who specializes in duping Nigerians desperate to migrate to Canada either to work or further their education, through fake visa and job offers. According to a statement by the EFCC the 32-year-old who owns a relaxation […]
Adedunmola Gbadegesin, a Nigerian, has been sentenced to 60 months in prison by a court in the United States over a romance scam. Gbadegesin was said to have been involved in a romance scam scheme that cost a Lexington woman approximately $200,000. BACKGROUND In September 2021, Gbadegesin was arrested over allegations that he defrauded […]
The Economic and Financial Crimes Commission (EFCC) has warned Nigerians to beware of fraudsters sending messages and calling citizens, asking to help individuals update their Sim card from 4G to 5G. In a brief communique, the antigraft agency explained that an OTP would be sent to citizens who opt to have their mobile sim […]
Two persons have been arrested for possessing 180 pieces of the newly redesigned 1000 notes suspected to be counterfeit, the Enugu State Police Command have said. The command in a statement signed by DSP Daniel Ndukwe, the Police Public Relations Officer, gave the names of the suspects as Joseph Chinenye, aged 39 and Onyeka […]
Yoruba traditional rulers under the aegis of Yoruba Obas Forum have condemned the continuous scarcity of Premium Motor Spirit (popularly called petrol) across the country, telling the federal government to intervene in the growing crisis immediately. The monarchs rising from their meeting at the weekend in Ibadan, Oyo state also described the scarcity of […]
A renowned physicist and former Vice Chancellor of Bayero University, Kano (BUK), Professor Ibrahim Umar is dead. His son, Farouk Ibrahim Umar confirmed the development on Monday, announcing that the burial ceremony would hold at Kofar Kudu by 10am on Tuesday. The deceased, who served as BUK VC between 1979 and 1986, was the […]
A United States citizen, Vonapolouis Moss, has explained to the Kwara State Police Command how she was tricked into travelling to Nigeria by Joshua Awoyele, a 23-year-old suspected Internet fraudster widely known as “yahoo boy”. Moss of 2962, W 64th Court, Merrillville, Indiana 46410, USA said she was lured into the country on January […]
