Bank fraud Archives

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC nabs Cameroonian in ₦1.5bn first-generation bank fraud

Operatives of the Economic and Financial Crimes Commission have arrested Bekono Marc Eric, a Cameroonian national, over his alleged involvement in a N1.5 billion bank fraud in Lagos. The anti-graft agency disclosed this on April 24 in a statement shared on its official X account, noting that the arrest was carried out by its Lagos […]

aadelekepdnlimited-com
25th April 2026
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84 Views

News

Rising fraud cases in banks spark concerns among stakeholders

Stakeholders in Nigeria’s financial sector are expressing concern over the increasing cases of fraud in banks, with billions of Naira being lost to fraudsters every month. This follows the release of the Financial Institutions Training Centre fraud and forgery report for Q3 2024, which highlights a significant rise in both the number of fraud cases […]

monwubukepdnlimited-com
26th November 2024
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321 Views

Banking

How fraudsters duped Nigerian bank customers N472m in three months

A recent report by FITC has unveiled a distressing reality for bank customers in Nigeria, as they lost a staggering N472 million to fraud in the first quarter of 2023. The data, obtained from FITC’s website, further disclosed that a total of 12,553 cases of fraud were recorded during this period. The report, compiled by […]

jonuorahpdnlimited-com
10th July 2023
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188 Views

China warns against geographic info data breaches

Banking

Bank customers lose N2.72 billion to crooks – Report

An FITC analysis has revealed that bank customers in Nigeria lost a total of N2.72 billion to fraud in the first and second quarters of 2022. According to The Punch, it was that a total of 67,878 instances of fraud were reported throughout this time. This was supported by the second quarter report that our correspondent downloaded […]

oamudipepdnlimited-com
29th January 2023
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192 Views

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Tag: Bank fraud

EFCC nabs Cameroonian in ₦1.5bn first-generation bank fraud

Rising fraud cases in banks spark concerns among stakeholders

How fraudsters duped Nigerian bank customers N472m in three months

Bank customers lose N2.72 billion to crooks – Report

ICYMI: Lagos socialite ‘Ariket’ bags 15 years sentence.

Oil rises as White House cites Iran ceasefire.

Trump lifts UK whisky tariffs ‘in honor’ of.

Airlines avert shutdown despite jet fuel price surge

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