Popular socialite, Abu Abel, arrested over alleged N477m land scam
A Lagos-based popular socialite, Olaseni Johnson Olayinika, popularly known as Abu Abel, has been arrested by the police over his alleged…
Browsing Tag
Fraud
INVESTIGATION: How SunTrust Bank MD, Halima Buba ‘swapped $12m’ for Achimugu in 10 days
In a Federal High Court sitting in Abuja on Thursday, July 17, 2025, the trial of Halima Buba and Innocent Mbagwu, the Managing Director/Chief Executive and Chief Compliance Officer of SunTrust Bank Ltd…
Afriq Arbitrage CEO, Jesam Michael, Arraigned for Multi-Billion Naira Investment Fraud — Remanded in…
Jesam Michael, Chief Executive Officer of Afriq Arbitrage System Limited, was on Tuesday, June 10, 2025, arraigned by the Economic and Financial Crimes…
Court orders arrest of Businessman, Ayodele Toyosi over ‘N600m, $50,000 fraud’
The Special Offences Court in Ikeja, Lagos, has issued a bench warrant for the arrest of Ayodele Toyosi, the promoter of Reaprite Global Limited and Agrorite Limited.…
Lagos Socialite Sijibomi Ogundele, Boss of Sujimoto Homes, Arrested in $325,000 Fraud Scandal
Lagos is buzzing with scandal as the glamorous socialite and Sujimoto Home boss, Sijibomi Ogundele, finds himself embroiled in a shocking fraud case! The…
£2.6bn Fraud: Petro Union Directors Lose Bid To Stop Trial
A Federal High Court in Lagos on Wednesday dismissed a No-Case-Submission application filed by three Directors of an oil firm, Petro Union…
First Bank employee on the run after diverting ₦40 billion; bank begins recovery
First Bank, a Nigerian bank with a market capitalisation of ₦829 billion has begun legal action to recover “huge sums…
Alleged $5.6m fraud: Oil magnate, Akintoye Akindele remanded in Kuje Prison
The Managing Director and Chief Executive Officer (MD/CEO) of Duport Midstream Company Limited, Mr Akintoye Akindele was on Friday ordered to be remanded in Kuje Correctional Centre over alleged $5.6m fraud. Justice James…
How NBET hurriedly paid staff N289m vacation allowance — a day after Tinubu ordered 60% slash on…
The Nigerian Bulk Electricity Trading (NBET) Plc has hurriedly paid its senior management staff N289 million as travel allowance for 2024, TheCable can report. The payment was made on January 10, a day after…
Revealed: How Moruf Oseni’s Wema Bank Allegedly Incurred Over N8 Billion In Court Cases, Lost N239…
Moruf Oseni’s Wema Bank incurred N8.067 billion in court cases as at September 2023 and also lost N239.920 million to fraud and burglary in the…
Nigerian oil tycoon Omamofe Boyo could go on trial in Milan over alleged fraudulent tanker deal
Milan prosecutors have urged that Omamofe Boyo, former chief of Oando Trading and current deputy CEO of Oando, alongside other key figures, faces trial over…
EFCC arraigns oil firm boss for allegedly defrauding bank N4.4 billion
The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned the chief executive officer of Emee Oil And Gas Nig. Ltd., Florence Onojame, who allegedly defrauded Access Bank of N4.4 billion. Mrs…
Interpol Declares Nigerian Businesswoman, Ese Cynthia Daniel, Wanted Over Alleged N750Million Fraud
The International Police (Interpol) arm of the Nigeria Police has declared a businesswoman, Ese Cynthia Daniel, wanted over alleged N750 million fraud. Ese, who hails from Delta State, was declared wanted by the…
Court orders Providus bank to return customer’s N329.4m fraudulently removed
Justice Peter Lifu of the Federal High Court, Lagos has ordered that Providus Bank Limited should transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently…
EFCC To Quiz Jaiz Bank CEO, Hassan Usman, Others, Over AGF’S Alleged N109bn Fraud
EFCC will question Hassan…
Brother Of House Of Reps Speaker, Gbajabiamila Arraigned In Court For Defrauding UK-based Nigerian…
Sulaimon Gbajabiamila, a brother to Femi Gbajabiamila, the Speaker of the Nigerian House of Representatives, has been dragged to the Yaba Magistrate Court 1 for allegedly defrauding a United Kingdom-based…
Skye Bank: EFCC withdraws Tunde Ayeni’s N25.4bn case
The Economic and Financial Crimes Commission has withdrawn the N25.4bn corruption case it filed against the Chairman of the defunct Skye Bank (now Polaris), Tunde Ayeni; and the Managing Director, Timothy…
Air Peace founder, Allen Onyema’s alleged co-conspirator pleads guilty to $20m bank fraud
Ebony Mayfield, a co-conspirator in an alleged $20 million fraud involving the founder of Air…
Crisis Hits South-West’s Security Outfit, Amotekun Over N29million Fraud
There is crisis in the Osun State chapter of the South-West’s security network, popularly known as Amotekun, over the mismanagement of over N29million given to the outfit.…
Vatican’s Cardinal Becciu on trial in $412m fraud case
A Roman Catholic cardinal who was once a close ally of Pope Francis has gone on trial in the Vatican, accused of misusing Church funds in a ruinous London property venture.…
Baby, dog contract virus as new cases, deaths rise
A forty-five day old and a dog have become the latest confirmed carriers of Coronavirus pandemic. The parents of the baby in South Korea and owner of the pet in Hong Kong had earlier…
BREAKING: EFCC charges Globacom with $6.7m fraud
The Economic and Financial Crimes Commission has charged telecommunications company, Globacom Limited, before the Lagos State Special Offences Court in Ikeja for an alleged fraud of $6,786,674.61. The firm was charged alongside its…
Cambodia arrests Nigerian couple for $424,999 bank fraud
Two Nigerian nationals were arrested in Phnom Penh on Monday for allegedly digitally stealing more than $424,999 from a bank. Chea Sok, deputy police chief of Prampi Makara district, identified the suspects as Rejoice Isaac Chibunna,…
Pastor arrested for using teachers’ N5million cooperative fund for church
A pastor identified as Victor Tobore has been arrested for fraud bothering on the alleged diversion of teachers’ cooperative fund in the tune of N5million. The fund was diverted into his church account. Victor was arrested by the police…