e-fraud Archives

Court orders banks to freeze 69 accounts over eTranzact fraud

The Federal High Court in Abuja on Monday ordered 12 commercial banks and six fintech platforms to freeze (place on post-no-debit) about 69 accounts following alleged fraudulent and unauthorised credit transactions on the eTranzact International Plc ecosystem. Justice Joyce Abdulmalik granted the order following a motion ex parte filed by the legal representative of the […]

aadelekepdnlimited-com
17th August 2026
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102 Views

Policy and Regulations

CBN mandates 48-hour reimbursement for e-fraud victims

The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment fraud within 48 hours, marking one of the strongest regulatory moves yet to protect customers from rising electronic fraud in the country. APP fraud occurs when customers are manipulated, persuaded or misled into voluntarily sending money […]

aadelekepdnlimited-com
3rd December 2025
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273 Views

El Salvador moves Bitcoin to offline vault

Crypto

Binance trained ‘police, EFCC operatives’, blocked 281 accounts over money laundering

Binance stated it confined 281 accounts belonging to Nigerian residents as a result of money laundering concerns in 2022 and extensively partnered with the FG to protect users from illicit activity. The Binance team also stated in a press release, that it had visited the country twice during the fourth quarter, and the company’s Law […]

monwubukepdnlimited-com
13th March 2024
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255 Views

Banking

Nigerian banks lose N9.5bn to e-fraud so far in 2023

Banks in the country have reportedly lost over N9.5 billion so far in 2023, according to the Nigeria Inter-Bank Settlement System. The managing director of NIBSS, Premier Owoih, said this at the third-quarter meeting of the Nigeria Electronic Fraud Forum, which was held in Lagos. The MD, represented by Temidayo Adekanye, the NIBSS Chief Risk Officer, raised concerns […]

bfatoyepdnlimited-com
19th August 2023
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256 Views

FG backs revival of Kolmani oil field exploration

FCCPC grants conditional approval for MTN-IHS $6.2bn deal

Trump administration proposes over $100,000 fee for new

KPMG to cut nearly 400 jobs as crisis

Contact Info

Some Populer Post

Appeal Court sets aside ruling against Presco’s AGM

FG backs revival of Kolmani oil field exploration

US Mission warns Nigerians against fake visa documents

Fidelity Bank secures NGX approval to delay H1 audited

Tag: e-fraud

Court orders banks to freeze 69 accounts over eTranzact fraud

CBN mandates 48-hour reimbursement for e-fraud victims

Binance trained ‘police, EFCC operatives’, blocked 281 accounts over money laundering

Nigerian banks lose N9.5bn to e-fraud so far in 2023

Appeal Court sets aside ruling against Presco’s AGM

FG backs revival of Kolmani oil field exploration

US Mission warns Nigerians against fake visa documents

Fidelity Bank secures NGX approval to delay H1.

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