Frauds & Scandals

Heritage Bank Says Stafff not Involved in N150 Million Fraud

July 11, 2017/Heritage Bank Ltd Our attention has been brought to the report published by an online news blog, Per Second News, in which it was purported that ‘three of Heritage Bank staff’ were involved in an N150million fraud in collusion with two of MTN’s staff. Heritage Bank Plc wants […]

FG engages experts to track tax evaders’ assets

9/7/2017/Punch Ifeanyi Onuba The Federal Government has engaged an asset recovery firm to track the exact assets of tax defaulters that fail to take advantage of its nine months amnesty period under the Voluntary Assets and Income Declaration Scheme. The VAIDs programme offers a grace period from July 1, 2017 […]

Banks lost N2.2bn to electronic fraud in 2016, CBN says

July 7, 2017/Daily Trust By Kayode Ekundayo The Central Bank of Nigeria (CBN) has said the Nigeria InterBank Settlement System (NIBSS) recorded over 1,200 per cent increase in  reported fraud cases in 2016, estimated at N2.19 billion when compared to 2014 cases. According to ‘Dipo Fatokun, CBN’s Director, Banking and […]