Frauds & Scandals

Microfinance Bank Accuses Sterling Bank Of N219m Fraud

March 7, 2018/Sahara Reporters A microfinance institution, OHHA Microfinance Bank Limited, has accused Sterling Bank Plc of defrauding it of N219 million it deposited with the bank. The accusation was made in a letter to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly […]

BlackBerry sues Facebook, WhatsApp, and Instagram over messaging patents

BlackBerry says it invented core concepts in mobile messaging app design that Facebook and its subsidiaries copied 8/3/2018/CNBC By Nick Statt BlackBerry Limited, the Canadian enterprise software company that used to sell smartphones, filed a lawsuit today against Facebook, alleging that the social network and its WhatsApp and Instagram subsidiaries […]

Alleged N2.9bn Fraud: FCMB, GTBank testify in Orji Kalu’s trial

Culled—Sahara Reporter A compliance officer with First City Monument Bank (FCMB), Olusegun Adesomoju, on Tuesday told Justice Mohammed Idris of the Federal High Court, Lagos that he had no idea about the purpose of cash lodgments into the Finbank account of Slok Nigeria Limited between March 2001 and September 2005. […]