Tag: Fraud
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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...
₦1.1bn Fraud in First Bank: Court Orders Final Forfeiture of Stolen Funds to Federal Government
Justice A.O.Owoeye of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of the sums of N1,168,602,877.44, (One Billion, One...
