CBN Sets 72-Hour Deadline for Banks to Refund Fraud
The Central Bank of Nigeria issues strict new rules forcing banks to refund fraud victims within 16 days. Learn how this impacts you and the fight against financial crime.
Category : Search result: COVID19 fraud scheme
NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
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.
240 Electric Tricycles Deployed to 12 Nigerian Universities
The Federal Government has launched 240 solar-powered electric tricycles across 12 universities in Nigeria to aid student transportation. Find out which institutions benefited.
Trump Commutes Sentence of $1.6B Fraud Executive
Outrage as US President Donald Trump frees David Gentile, who defrauded 17,000 investors of $1.6bn, after only 12 days in jail. Read the shocking details.
Nearly 800,000 Students Benefit from NELFUND Loan Scheme
Nigerian Education Loan Fund reveals 788,947 students have received loans totaling N140.88 billion. Discover the breakdown, top applying universities, and student experiences with the scheme.
Court dismisses N1bn fraud case against MTN ex-staff
Lagos High Court acquits MTN ex-staff and contractor in N1bn fraud case after settlement. EFCC ordered to return seized assets and properties immediately.
Lady Opens Store with NSS Allowance, Goes Viral
A Ghanaian lady has become an internet sensation after revealing how she saved her National Service Scheme allowance to open a fully stocked store. Her inspiring story has sparked massive reactions online.
Court dismisses NAIC appeal in N200bn agric dispute
Appeal Court affirms First Bank's victory over NAIC in N200bn agric credit scheme dispute. Justice Abang dismisses appeal as 'grossly misconceived'. Read the full legal analysis.
Okorocha's Niece Charged in N17m Land Scam
Uche David Obinali, niece of ex-Governor Rochas Okorocha, faces fraud charges for an alleged N17 million land scam in Abuja. She pleaded not guilty and was granted bail. Read the full details.
100 Free Homes for Kaduna Widows and Orphans
Widows and orphans in Kaduna receive 100 free homes through Adashe Women Housing project. Dr. Umma Sani's childhood homelessness inspired this life-changing initiative.
CSOs Petition EFCC Over Kogi LG Funds Diversion
Civil society groups uncover massive diversion of Kogi local government funds through Lokoja Voucher Scheme. EFCC receives petition demanding forensic audit and prosecution.
Workers Demand Full Pension Payment Amid Economic Hardship
Nigerian civil servants demand amendment to pension scheme for full lump sum payments to retirees battling economic hardship. Union calls for urgent reforms.
Nigerian Man Convicted in US Romance Scam
Saheed Sunday Owolabi, a Nigerian man, faces 40 years in US prison for wire fraud and money laundering in romance scams. Read the full story of the cyber fraud conviction.
NSITF Pays N75.8m Compensation to 3 in Port Harcourt
The NSITF has disbursed N75.8 million under the Employee Compensation Scheme to three beneficiaries in Port Harcourt, reaffirming its commitment to social protection for Nigerian workers.
Nigerian sentenced for $290K COVID-19 fraud in US
Temitope Bashua, 29-year-old Nigerian, sentenced to 30 months in US prison for $290,000 COVID-19 relief fraud scheme. Learn details of the case and consequences.
Tech Giants Deactivate 28M Nigerian Fraud Accounts
Google, LinkedIn and TikTok removed over 28 million Nigerian accounts linked to fraud and harmful content in one year. Learn how this affects online security.
NSITF to criminalise non-compliance with compensation
NSITF plans to make it a crime for employers not to enroll workers under compensation scheme. Managing Director Faleye seeks stronger legal backing and increased penalties.
Kogi Denies LG Funds Diversion Claims Before EFCC
Kogi State Government dismisses EFCC petition on LG funds diversion as politically motivated. Commissioner challenges accusers to provide evidence of alleged fraud.
US Warns Nigerians of Fake Jobs and Visa Scams
The US Mission in Nigeria warns citizens about sophisticated fake job and visa scams. Learn how to spot fraud and protect yourself from losing money.
Former Anchor Sentenced in Massive COVID Fraud Case
Disgraced ex-TV anchor Stephanie Hockridge sentenced to 10 years for multi-million dollar COVID fraud scheme. Ordered to pay $64M restitution for fake PPP loans.
Sokoto's Agricultural Revolution: Desert to Export Hub
Governor Ahmed Aliyu is transforming Sokoto State into a major agro-export hub through irrigation, value addition, and strategic trade links. Discover how this SMART Agenda is creating jobs and boosting the economy.
Tailor apprentice jailed for N450k internet fraud
A Federal High Court in Lagos has sentenced a tailoring apprentice to one year imprisonment for defrauding a victim of N450,000 through internet fraud. Read the full details of the judgment.
$4.7T Lost to Fraud Yearly - CIFCFIN Warning
CIFCFIN urges unified action against fraud costing $4.7T globally. Dr. Gashinbaki calls for strengthened regulations, ethical culture during International Fraud Week.
Police Pension Board Bill Awaits Tinubu's Assent
President Tinubu is set to approve the Nigeria Police Pension Board bill, removing officers from CPS. Retirees could earn 85% of emoluments as pension. Read the latest developments.
Nigerians Jailed in US for $4.5M Money Laundering
Two Nigerian men sentenced to US prison for laundering $4.5M from romance scams targeting the elderly. Learn the details of the sentencing and restitution.
Military Veterans Join Elderly Support Scheme
First Lady Oluremi Tinubu announces military veterans as beneficiaries of the Elderly Support Scheme while addressing security concerns and road safety initiatives.
Military Veterans Join Tinubu's Elderly Support Plan
First Lady Oluremi Tinubu announces military veterans as beneficiaries of the Renewed Hope Initiative's Elderly Support Scheme while addressing security concerns and road safety.
Student Loses ₦16,000 to Scammers at Computer Village
A secondary school student shares heartbreaking experience after being scammed at Computer Village Ikeja. Read his story and learn how to protect yourself from similar fraud.
Nigerian Doctor Jailed for NHS Fraud in UK
Nigerian doctor Richard Akinrolabu sentenced to 3 years in UK prison for defrauding NHS of £268,000 while on sick leave. Full details of the fraud case uncovered.
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