11 Jan 2019

The United States Department of Justice has announced the arrest of 74 people in the US and overseas, including 29 in Nigeria, and three in Canada, Mauritius and Poland, for alleged financial fraud. The arrests were as a result of a coordinated effort to disrupt business email compromise schemes that are designed to intercept and hijack wire transfers from businesses and individuals, ...

10 Jan 2019

The Economic and Financial Crimes Commission (EFCC) has arrested two Union Bank of Nigeria managers for allegedly stealing the sum of N661million from the bank. The commission said in a statement released by its spokesman, Wilson Uwujaren in Abuja on Tuesday said that the duo of Samuel Obende, a branch Manager and Rabiu Alhasan Dawaki, Head of Operation stole the money in the course o...

24 May 2018

Facebook accused of conducting mass surveillance through its apps Company gathered data from texts and photos of users and their friends, court case claims Facebook used its apps to gather information about users and their friends, including some who had not signed up to the social network, reading their text messages, tracking their locations and accessing photos on their phones, a ...

22 May 2018

A chief magistrate’s court, Igbosere, Lagos, has struck out a N10 million fraud suit brought by the Police against a Lagos-based lawyer, Mr. Francis Azuh. Chief Magistrate Adetokunboh Omoyele discharged the lawyer based on a response to the court for verification of DPP’s advice. The Police had arraigned Mr. Azuh on a two-count charge of fraudulently obtaining and stealing N10 million ...

24 Apr 2018

A People’s Democratic Party’s chieftain, Sen. Peter Nwaoboshi, on Wednesday appeared before a Federal High Court, Lagos, charged with an N805 million fraud. Nwaoboshi, who represents Delta North in the National Assembly, was arraigned on a two-count charge of money laundering and fraud alongside two companies namely: Golden Touch Construction Project Ltd and Suiming Electrical Ltd slamm...

19 Apr 2018

Herman didn't seem to be the type of person who dabbled in the supernatural. But as a manager for a medium-sized company, he had hired more than 80 ghost employees to his payroll. The ghosts were actual people who worked at other jobs for different companies. The manager filled out time sheets for the fictitious employees and authorized them, then took the resulting paychecks to the g...

13 Apr 2016

Fraud is causing misery to countless people’s lives on a daily basis – Outreach Solutions are rolling out a project called Tackling Fraud Together 2020, and are inviting sponsors to join them and their supporters to help protect those most at risk from fraud. Following the success of the award-winning fraud awareness programme in Nottinghamshire, and two further successful campaigns i...

13 Apr 2016

Mr Mohammed Ibrahim, Head, Communications and Public Affairs of NDIC, said in a statement in Abuja on Sunday that the figure was in the organisation’s recent report on off-site supervision of the Deposit Money Banks (DMBs). “The report relied on a total of 286 responses received from 26 banks during the period and there were 22 NIL monthly responses from the banks as at year ended Dec. ...

11 Apr 2016

Chairman of Innoson Motors Nigeria Ltd., Innocent Chukwuma, for the fourth consecutive time, failed to make an appearance in court for his arraignment. Consequently, the presiding judge, Justice Mojisola Dada, refused to hear the case, insisting that the defendant must appear in court before she would entertain his (Innoson’s) lawyer’s plea. This did not go down well with Innoson’s...
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