Tag Archives: fraud

As the holiday draws near, fraudsters are on the prowl for whom to defraud using dubious shopping websites and posing on social media platforms as customer support agents of legitimate businesses to steal your identity. While activities of online fraudsters are more sophisticated and are posed to spike during the …

Nigerian businessman Cletus Ibeto, the Chairman of Ibeto Energy Development Company, faced another setback in his legal proceedings. The nationwide strike led by labour unions disrupted his scheduled arraignment at the Lagos State High Court, Ikeja, on Wednesday.  Initially, the trial judge, Justice Ismail Ijelu, had set November 15, 2023, …

QNET, a global lifestyle and wellness-focused direct selling company, has distance itself from activities of scammers who pose as company’s agent to scam uninformed Nigerians. The Statement reads; “QNET is deeply concerned about the recent news on allegations of fraudulent activities by certain unscrupulous individuals who pose as agents of …

The High Court of the Federal Capital Territory (FCT) presided over by Honourable Justice C. O. Oba sitting in Court 32 has struck out Charge No. FCT/HC/CR/469/2022 filed by Falana & Falana against the Chairman, Zinox Technologies, Leo Stan Ekeh and officials of Technology Distributions Limited, including Mrs. Chioma Ekeh, …

The Central Bank of Nigeria(CBN) has released the exposure draft of the operational guideline for Open Banking in the country, which stipulates that financial institutions share cyber security breaches. This is a move that has been called for so many times in the industry to combat fraud and activities of …

Mr. Ademola Adebise, the Managing Director and Chief Executive Officer of Wema Bank Plc, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria (ICAN) Western Accountants Conference themed: ‘Digital Economy: Whither …

The Chief Executive Officer of Binance, cryptocurrency exchange platform, Changpeng Zhao has revealed that the  281 Nigerian accounts were restricted due to suspicion on fraud-related activities. Recall that #BinanceStopScammingNigerians was trending on Twitter last week, as many Nigerians voice out on how their accounts were suspended and restricted. However, the …

The Nigerian multinational commercial bank, Access Bank plc, has hammered the necessity of *901*911#, an Unstructured Supplementary Service Data (USSD) code self-service function, to protect customers and curb fraudulent acts. This new initiative by the bank is to promote its commitment to safeguarding the investments and savings of customers. The …

Telecommunication companies have rejected demand by the Nigerian Electronic Fraud Forum (NeFF) and banks to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS) for watchlist against e-fraud, it was learnt on Tuesday. The Chairman, Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), Yinka Tiamiyu, …

A postgraduate student of the University of Lagos (UNILAG), Aniekan Charles Ekong has been charged to court by the Police for defrauding Konga to the tune of over N7.5m. The alleged fraudster, a former employee of the foremost e-Commerce giant, was arraigned before a Lagos Magistrate Court on Tuesday, August …