Category : Search result: COVID fraud scheme


FG Opens N5m Loan Scheme for Youths: Apply Now

The Federal Government invites employed Nigerian youths (18-39) to apply for loans up to N5 million via CREDICORP's YouthCred scheme. Learn details and public reactions.

Nigerian Convicted in US for $7.5M Fraud

Olusegun Samson Adejorin, a Nigerian national, faces decades in US prison after a federal jury convicted him of wire fraud and identity theft targeting charities. Sentencing is set for April 2026.

Ogun Assembly Commends Housing Ministry on GRA Regeneration

Ogun State House of Assembly lauds Housing Ministry for affordable housing and GRA regeneration. Commissioner unveils plans for an International Conference Centre, Appeal Court complex, and more. Governor appoints new Statistician-General.

Ngige Granted Bail in ₦2.2bn Fraud Case

Former Labour Minister Chris Ngige has been granted bail by an FCT High Court in his ₦2.2 billion contract fraud trial. The court set strict conditions for his release. Read the full details.

Pfizer Shares Fall on Weak 2026 Profit Outlook

Pfizer shares tumbled after the drugmaker projected flat revenues and lower profits for 2026, citing declining Covid-19 sales and heavy investment in new products like weight-loss drugs.

Nigerian Sentenced to 20 Years in US for Major Fraud

Oluwaseun Adekoya, a Nigerian resident in New Jersey, has been sentenced to 20 years in a US federal prison for masterminding a sophisticated $2 million identity theft and bank fraud operation. Read the full details of the multi-state scheme.

RCCG's N40m Free Bus Scheme Eases Lagos Commute

The Redeemed Christian Church of God has spent N40 million on its free bus-to-work programme, providing relief for Lagos and Ogun commuters. Read how this initiative is helping workers.

EFCC Returns N96.5m to Ponzi Scheme Victims

The EFCC has recovered and returned N96.5 million to victims of a forex Ponzi scheme in Enugu. Learn how the fraud operated and the commission's warning to investors.

Nigerian Sentenced to 60 Months for $1.3m COVID Fraud

Nosa Edokpaigbe, a Nigerian national, has been sentenced to 60 months in a US federal prison for a $1.4 million COVID-19 relief fraud scheme. He will be deported after serving his term. Read the full details.

NDIC Assures Deposit Safety, Warns Against Fraudsters

NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.

FG Launches Device Credit for 15,000 Nigerians

The Federal Government, via CREDICORP, launches a national digital device credit programme to make smartphones and laptops affordable for over 15,000 working Nigerians, boosting digital inclusion.

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