Fraud Archives

US court jails Nigerian hacker for $2.5m identity theft

A United States court has sentenced a Nigerian national, Kingsley Utulu, to five years and three months in prison for his involvement in a large-scale identity theft and cyber fraud scheme that defrauded U.S. tax authorities and citizens of more than $2.5 million. The sentence was announced over the weekend by U.S. Attorney for the […]

aomenyepdnlimited-com
9th June 2025
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462 Views

News

Youverify raises $2.5M to fight anti-money laundering

Nigerian firm specializing in identity verification and anti-money laundering solutions tailored for both banks and startups, Youverify, has successfully secured a $2.5 million investment from Elm, a leading provider of digital solutions serving public and private institutions in Saudi Arabia. This pre-Series A investment not only infuses capital into Youverify but also establishes a strategic […]

aomenyepdnlimited-com
14th March 2024
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341 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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223 Views

News

No fraud found in Nigerian unit, says Olam Group

Singapore’s Olam Group has addressed concerns by announcing that its investigation team found no evidence implicating its Nigeria unit in an alleged multi-billion-dollar foreign exchange fraud. The company stated that no charges were brought against Olam Nigeria, maintaining its innocence. In a recently released statement, Olam Group clarified that the investigation team, sanctioned by the […]

aomenyepdnlimited-com
19th February 2024
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207 Views

Banking

Kenyan court freezes Flutterwave accounts over money laundering

A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card fraud. Flutterwave which is run by Gbenga Agboola was tied in an investigation involving 56 bank accounts holding 7billion Kenyan shillings ($59.3m) suspected to have been laundered by foreign nationals, according to The […]

enitan
7th July 2022
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238 Views

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Tag: Fraud

US court jails Nigerian hacker for $2.5m identity theft

Youverify raises $2.5M to fight anti-money laundering

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

No fraud found in Nigerian unit, says Olam Group

Kenyan court freezes Flutterwave accounts over money laundering

TCN raises alarm over power transmission vandalism in.

Digital postcode system will transform Nigerian commerce —.

NIPOST targets unique digital postcode for every building.

Sigma pulls out of $10bn bid to acquire.

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