Frauds & Scandals

Access Bank Refutes Purported Charges by ICPC against the Bank, Officers

December 12, 2017/NSE Our attention has been drawn to recent news reports in some newspapers and online publication which suggest that Access Bank Plc (‘the Bank’) and its principal officers were recently arraigned in court by the Independent Corruption Practices and Other Related Offences Commission (‘ICPC’) over their alleged refusal […]

Russian hackers steal $10 million from ATMs through bank networks

The intruders have exploited transfer systems for 18 months. 11/12/2017/engadget Jon Fingas The recent rash of bank system hacks goes deeper than you might have thought — it also includes stealing cash directly from ATMs. Researchers at Group-iB have published details of MoneyTaker, a group of Russian hackers that has […]

Gwarzo, it’s time to face your allegations

Culled—The Nigerian Times By Chikwelu Chukwujindum There is no doubt that one of the biggest drawbacks to national development particularly in African countries south of the Sahara is the reckless and bare-faced conversion of public funds and property to personal use by public officials. In Nigeria, Africa’s most populous nations, […]