Frauds & Scandals

Missing $20bn: PriceWaterHouse begins forensic audit of NNPC

The Federal Government  has appointed  forensic auditors to carry out a detailed investigation  into the activities of the Nigerian National Petroleum Corporation. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed this  during a debate at the 24th edition of the World Economic Forum for Africa. The forum with theme, “Forging […]

CBN Recovers N13b From Commercial Banks On Unlawful Charges

The Central Bank of Nigeria (CBN), has recovered N13 billion in the past two years being unlawful charges by the commercial banks across the country to customers. This was disclosed by the bank’s director, consumer protection department, Mrs. Umma Aminu Dutse, at a press briefing organised on Monday by the […]

Card fraud: 12 banks yet to meet deadline

No fewer than 12 banks are still struggling to meet the new deadline set by the Central Bank of Nigeria for banks to become Payment Card Industry Data Security Standards-certified. The PCIDSS certification is a global requirement for banks and other institutions involved in the storage, transmission and processing of […]