Frauds & Scandals

CBN to Sanction Erring Banks e-Payments Service Providers for Infraction of System Rules and Regulations

January 8, 2018/CBN Further to our Circular referenced BP5IDIR/GENICIR/02/007, dated 29th July 2015, on the above subject, please be informed that operators in the National Payments System shall be sanctioned with a penalty of N10,000.00 per day for as long as the infractions below subsist: 1. Failure to apply for […]

OPAN Condemns Arrest of Online Journalists, Tim and Daniel Elombah by the Nigeria Police Force

January 2, 2018/OPAN The Online Publishers Association of Nigeria, OPAN, Nigeria’s premier association of digital/new media publishers, strongly condemns the brazen arrest of the duo of Daniel Elombah and Tim Elombah, the Publisher and Editor respectively, of United Kingdom based online news website, Elombah.com by the Special Anti-Robbery Squad, SARS, […]

CBN Rewards FirstBank’s Fight Against Electronic Fraud

January 2, 2017/FirstBank It was another night of reward, with FirstBank showcasing the strength of its brand by winning  two of the three awards up for grab in the keenly contested Nigerian Electronic Fraud Forum (NeFF) 2017 Annual Dinner and Awards Night held at the Federal Palace Hotel on the […]