Frauds & Scandals

NSE Alert Market on Increased Activities of Cyber Fraudsters

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday issued an alert concerning the increase of activities of market fraudsters/impersonators. This is contained in a circular with reference number BDR/CIR/OU/08/14 and signed by Olufemi Shobajo, head, broker dealer regulation to dealing member firms. The NSE had referred […]

Rogue bankers steal customers’ funds online

The simplification of banking services by technology has brought with it some hazards, including online frauds, OZIOMA UBABUKOH writes on the increasing rate of tampering with customers’ funds by bank employees Cases of internal online fraud committed by bank employees have been on the rise lately, The PUNCH has learnt. […]

EFCC Arrests Two Bankers for N661m Fraud

Press Release/EFCC The Economic and Financial Crimes Commission (EFCC) has arrested two bankers for allegedly stealing the sum of N661, 000,000 (Six Hundred and Sixty One Million Naira) from their employers. The duo, Samuel Obende,  a Branch Manager and Rabiu Alhasan Dawaki,  Head of Operation both of Bello Road Cash […]