Category: Scams

Ex-acting AGF Nwabuoku jailed 72 years for ₦868m fraud

The Economic and Financial Crimes Commission announced on Monday that a former Acting Accountant-General of...

US jails Nigerian man 90 months for $4m fraud

The United States Immigration and Customs Enforcement has announced that a Nigerian national, James Junior...

Musk found guilty of misleading Twitter shareholders to acquire company

A federal jury in San Francisco, California, ruled on Friday that tech billionaire Elon Musk...

US to revoke Nigerian fraudsters citizenship over $91m tax fraud

The United States Department of Justice has filed a civil lawsuit to revoke the U.S....

Ghanaian pleads guilty to $10m romance scam in US court

A 40-year-old Ghanaian national, Derrick Van Yeboah, also known as “Van”, has pleaded guilty in...

FCCPC uncovers price manipulation by domestic airlines in festive season

The Federal Competition and Consumer Protection Commission has uncovered patterns of price manipulation by some...

MSMEs lose ₦5–₦10tn yearly to employee fraud – CPPE

Nigeria’s micro, small, and medium enterprises are losing between N5 trillion and N10 trillion annually...

Nigerian jailed for defrauding 400 Americans in $6m inheritance scam

A United States federal court has sentenced Nigerian-national Tochukwu Albert Nnebocha to more than eight...

I lost millions to Tinder scammer promising marriage – Lagos entrepreneur

A Lagos-based entrepreneur and corporate worker, Bukola Yunisa, has opened up about how she was...

Lagos investment firm worker arraigned over ₦90m fund diversion

An employee of an investment company in Lagos State, Bello Samuel (also referred to as...

Osun assembly raises alarm over alleged N50bn diverted LG funds

The Osun State House of Assembly has raised the alarm over the alleged illegal payment...

EFCC arraigns ex-Benue electoral chairman over alleged ₦1.1bn fraud

The Economic and Financial Crimes Commission has arraigned former chairman of the Benue State Independent...