The House of Representatives has ordered investigations into allegations of wrongful withholding of customers’ monies through malfunctioning Automated Teller Machines (ATM) in the country. The investigation followed a petition presented by the Chairman, House Committee on Justice, Hon. Ali Ahmad (PDP, Kwara) on the issue. Ahmad said that a situation […]
Tag: Fraud
NIGERIAN WONDER: N27bn pension thief gets N750,000 fine
Surprise pervaded a Federal Capital Territory High Court, Abuja on Monday when a director of the Police Pension Office, Mr. John Yusuf, was handed down only a two-year jail sentence for conniving with others to defraud the office and pensioners of N27.2bn. Yusuf admitted to stealing N2bn of the money. […]
UK court orders extradition of Credit Suisse exec
A British court has ruled that a former executive of Credit Suisse can be extradited to the United States to face fraud charges. Officials at Westminster Magistrates Court said the extradition order was approved Monday, and now goes to Home Secretary Theresa May for final approval. Kareem Serageldin, a 39-year-old […]
