Tag Archives: financial crime
Inside Wema Bank’s Billion-Naira Betrayal: Staff and Hackers Orchestrate N8.5bn Digital Heist
A billion-naira fraud has detonated a fresh crisis in Nigeria’s banking sector. Three Wema Bank Plc employees—Samuel Ihechukwu Asiegbu, Fabian Chizaram Onyeimachi, and Kingsley Kelechi Ejim—along with four alleged accomplices, have been charged in a jaw-dropping N8.5 billion digital theft
Fraudsters Hack Union Bank’s Core System, Siphon ₦9.3 Billion from Customers’ Accounts
In a shocking development that has rocked Nigeria’s financial sector, fraudsters have hacked Union Bank’s core banking system, siphoning a staggering ₦9.3 billion from customer accounts. The breach, which occurred on March 23, 2025, affected multiple accounts across 53 financial
