Frauds & Scandals

Keystone Bank fires senior management workers

About a month after sacking a good number of its workers, Keystone Bank Limited has again fired a significant number of its workforce -majority of the affected employees belonged to the senior management cadre. Keystone Bank, one of the three nationalised banks belonging to the Asset Management Corporation of Nigeria, […]

Banker arrested for withdrawing N50m from customers’ accounts

The Special Fraud Unit, Ikoyi, Lagos State, has arrested an account officer with Guaranty Trust Homes, Adeola Olokojobi, in connection with a N50m fraud at the financial institution. Prior to his arrest, Olokojobi was said to be working at the GT Homes, Saka Tinubu branch, Victoria Island. PUNCH Metro gathered […]

Exclusive: Target hackers stole encrypted bank PINs – source

The hackers who attacked Target Corp and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation. One major U.S. bank fears that the thieves would be able to crack the […]