Tag: Fraud
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Lagos Council Boss, Muibi Alade Folawiyo, Arrested By ICPC Over Alleged Fraud
Chairman of Lagos Island East Local Council Development Area (LCDA), Muibi Alade Folawiyo, has been arrested by operatives of the Independent Corrupt Practices and...
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...
Access Bank, Staff Face Money Laundering Charges Over Alleged Diversion Of N825.9 Million
Access Bank Plc and one of its employees are enmeshed in legal troubles after a four-count charge was filed against them at the...
Shock As N71.2 Billion In Student Loan Funds Vanish — Universities, Top Officials Under Probe
A staggering N71.2 billion out of the N100 billion allocated for Nigeria’s student loan scheme has gone missing, prompting a full-blown investigation by the...
Access Bank Records N1.69 Billion Fraud Loss in 2024, Faces N1.2 Billion in Regulatory Penalties
In a stunning revelation that underscores ongoing vulnerabilities in Nigeria’s banking sector, Access Bank Plc, one of the country’s foremost financial institutions, has disclosed...
