Frauds & Scandals

Banker arrested for withdrawing N50m from customers’ accounts

The Special Fraud Unit, Ikoyi, Lagos State, has arrested an account officer with Guaranty Trust Homes, Adeola Olokojobi, in connection with a N50m fraud at the financial institution. Prior to his arrest, Olokojobi was said to be working at the GT Homes, Saka Tinubu branch, Victoria Island. PUNCH Metro gathered […]

Exclusive: Target hackers stole encrypted bank PINs – source

The hackers who attacked Target Corp and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation. One major U.S. bank fears that the thieves would be able to crack the […]

SEC warns investors against patronizing illegal operators

The Securities and Exchange Commission has warned members the public against patronizing illegal capital market operators. The Commissioned averred that investors should always consult the list of registered capital market operators on its website to ascertain their authenticity of any operators before entrusting their hard – earned money to such […]