Nigeria loses $18bn yearly to procurement fraud
Federal Government exposes $18 billion annual loss to procurement corruption, demands transparency in public contracts to fund national development projects.
Category : Search result: N20 billion 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.
SERAP defends mandate in N5bn suit against DSS officials
SERAP tells court it promotes economic rights, not anti-government criticism, in N5bn defamation case. Case adjourned to February 19 for final addresses.
Lumumba to Deliver UNILORIN's 50th Anniversary Lecture
Renowned speaker Prof. Patrick Lumumba will deliver the University of Ilorin's 50th-anniversary lecture. The event features a N500bn endowment fund and a Nollywood premiere. Don't miss this historic celebration!
Shehu Sani counters El-Rufai's N1bn bandit payment claim
Former Senator Shehu Sani denies El-Rufai's accusation that Kaduna government paid bandits N1 billion. Sani reveals El-Rufai's own history of appeasing terrorists during his tenure. Read the full explosive details.
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.
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.
VFD Group Redeems N12.8bn CP, Strengthens Position
VFD Group Plc successfully redeems N12.83 billion Series 5 Commercial Paper, demonstrating strong liquidity and financial discipline ahead of Rights Issue closing.
N20bn Money Laundering Case Adjourned to Dec 16
Federal High Court Lagos adjourns Taiwo Ibitola Taiwo's N20 billion money laundering case to December 16, 2025. The businesswoman faces fraud and conversion charges over family inheritance.
$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.
Court awards N20.7bn against petroleum marketer
A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.
Man Discovers N1.1bn Gold Bars in His Backyard
A man in France struck gold, unearthing bars worth over N1.1 billion while excavating for a swimming pool. He reported the find to authorities. Discover the legal twist!
Lagos N200bn Bond Oversubscribed by 55%
Lagos State's landmark ₦200 billion bond issuance closed with 55% oversubscription, signaling strong investor confidence in Nigeria's economy and the state's development agenda.
Bauchi Rep Spends N1bn on Constituency Projects
Kabiru Yusuf, Alkaleri-Kirfi federal lawmaker, disburses N1 billion empowerment items including vehicles, motorcycles, and cash to constituents in Bauchi.
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.
Bimbo Ademoye's Dad Makes Acting Debut in Her Movie
Nollywood star Bimbo Ademoye gets emotional as her father makes his acting debut in her new movie M.A.F.H. after she promised him N30 billion. See the heartwarming video and fan reactions.
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.
Nigerian Doctor Jailed for NHS Fraud in UK
UK court sentences Nigerian doctor Richard Akinrolabu to 3 years imprisonment for defrauding NHS of £268,000. Full details of the fraud case revealed.
Woman wins N2.5bn from husband's side chick
A North Carolina woman successfully sued her husband's mistress for N2.5 billion in damages under alienation of affection law. Discover how the court ruled in this groundbreaking case.
Fola Crosses 1 Billion Career Streams Milestone
Nigerian Afrobeats star Fola surpasses 1 billion streams globally in his debut year. Discover how his album 'Catharsis' and unique sound propelled this historic achievement.
Osun Passes N705bn 2026 Budget for Second Reading
Osun State Assembly approves N705 billion 2026 appropriation bill for second reading. Governor Adeleke's 'Budget of Economic Transformation' focuses on infrastructure and citizen welfare.
30 People Pay N2.6m for Same Lagos Apartment in Scam
A Nigerian fashion designer paid N2.6 million for a Lagos apartment only to discover over 30 others were scammed for the same house. She's now seeking public help as authorities fail to act.
Akande hails Aiyedatiwa on Ondo development
APC chieftain Bisi Akande applauds Governor Lucky Aiyedatiwa for transforming Ondo State into industrial hub through massive investments and inclusive governance.
Uncertainty as ex-Anambra gov Obiano reportedly dies
Controversy surrounds the reported death of former Anambra State governor Willie Obiano in London. Get the latest updates on his health status and ongoing EFCC trial.
Zelensky sanctions associate in $100M fraud scandal
Ukrainian President Zelensky imposes sanctions on ex-business partner Timur Mindich amid a $100M energy sector fraud scandal. Key ministers resign as anti-corruption efforts intensify.
Relative Sells Family House in Ogun Without Documents
A Nigerian family discovers their father's house in Ifo, Ogun was sold for N4 million by a relative without proper documentation. The community king intervened to recover the property.
Nurse arrested for $15,000 insurance fraud scheme
A Zimbabwean nurse faces fraud charges after allegedly using dead people's identities to claim $15,000 in life insurance benefits. Learn how authorities uncovered the scheme.
Okorocha's Niece Charged With N127M Fraud
Rochas Okorocha's niece, Uche David Obinali, faces fraud charges for allegedly scamming philanthropist Daniel Kanu of N127 million. Court proceedings continue November 11.
Nigeria's N300B Publishing Industry Needs Urgent Reforms
Nigeria's once-thriving publishing sector, valued at N300 billion, faces collapse due to multiple challenges. Industry experts reveal how policy reforms could revive this crucial cultural and economic asset.
Ellah Lakes Secures ₦2.36BN for Agricultural Expansion
Nigerian agribusiness giant Ellah Lakes Plc announces strategic capital raise of ₦2.36 billion to expand operations and drive agricultural transformation across Nigeria. Learn how this funding will impact food security and economic growth.
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