The Kano State Zonal Office of the Economic and Financial Crimes Commission (EFCC) has arrested former Speaker and now Minority Leader of the Kano State House of Assembly, Isiyaku Ali Danja for alleged abuse of office and misappropriation of N1.5b constituency projects fund. EFCC Spokesman, Tony Orilade disclosed yesterday in Abuja that Danja was arrested […]
The Chartered Institute of Forensic and Investigative Professionals of Nigeria, CIFIPN, said yesterday Nigeria has lost about N5.5 trillion to fraud, corruption and cyber crimes in the last 10 years. Pro-tem President, CIFIPN, Dr. Victoria Ayishetu Enape, who disclosed this while declaring open the training/induction of new members in Abuja, described the situation as worrisome. […]
The head of a maximum-security jail and a prison doctor have been arrested in Nigeria, following allegations that they enabled a prisoner to conduct internet scams. Hope Olusegun Aroke carried out a million-dollar fraud while serving a 24-year jail sentence – for fraud. He had access to a mobile phone and the internet. He was […]
Any travel purchase is an act of faith, because you usually pay a substantial sum of money upfront and don’t take delivery until you turn up and, hopefully, get your holiday. If you go to your local travel agent and buy a holiday, the overwhelming odds are that it will be a genuine and problem-free […]
Olowo Rabiu Onaolapo, The young man in Governor Babajide Sanwo-Olu’s cabinet List By Simon Sunday, PhD. My biggest attraction in Governor Babajide Sanwo-Olu’s cabinet is a young man in his early thirties, Olowo Rabiu Onaolapo. At his age, Rabiu has headed the audit and compliance department of the multinational giant, GlaxoSmithKline in Nigeria & West Africa, for some time and […]
“I hope you are not one of those people who think Africa is a country. Africa is a continent.” Attendees of the session titled “Cultural Orientation and Whistleblowing in Africa,” led by Rabiu Olowo, CFE, got a good chuckle out of this opening statement. During his session at the 30th Annual ACFE Global Fraud Conference, […]
Chrysanthi Rausch was taking a nap on her couch two months ago when she got a call from a number she didn’t recognize. On the other end of the line was a woman who said she worked for KeyBank, Rausch’s local bank, calling to alert her of fraud in her account. “They wanted me to […]
Autonomy’s former finance boss has been sentenced to five years in prison for fraud, linked to the $11bn sale of the UK software firm to Hewlett Packard. British citizen Sushovan Hussain faces jail in the US after being found guilty last year of 16 counts of securities and wire fraud. HP wrote down the value […]
NEW YORK (Reuters) – Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 […]
A metals manufacturer faked test results and provided faulty materials to NASA, causing more than $700 million in losses and two failed satellite launch missions, according to an investigation by the U.S. space agency. The fraud involved an Oregon company called Sapa Profiles Inc., which falsified thousands of certifications for aluminum parts over 19 years […]
