Banking Trust Relies on Cybersecurity & AI - Union Bank CITO
Union Bank's Wale Williams highlights AI-driven cybersecurity and regulatory compliance as pillars for sustaining customer trust in Nigeria's expanding digital banking sector.
Category : Search result: financial crime Nigeria
Intelligence-Driven Action Urged Against Human Trafficking
West African stakeholders call for urgent, coordinated action against human trafficking, highlighting its $150bn annual profit and 75% child victim rate. Learn about the regional strategy.
EFCC Warns Banks: Delays Stall Investigations
EFCC Chairman Ola Olukoyede warns banks' compliance officers that slow information release is hampering anti-corruption probes. He insists on full cooperation to safeguard Nigeria's financial system. Read more.
Lady Reaches PiggyVest Payday After Saving for Rent All Year
A Nigerian woman shares her joy online after successfully saving for rent throughout 2025 using PiggyVest. Despite a change of plans for the funds, she celebrates the financial discipline achieved.
CBN Directs Banks to Enable Foreign Card Use on ATMs, POS
The CBN mandates Nigerian banks to configure ATMs and POS terminals to accept foreign cards, introducing new security measures for transactions above $200 daily. Report challenges to the Consumer Protection Department.
Dave Uduanu Named JA Nigeria Board Chairman
Junior Achievement Nigeria appoints Dave Uduanu as its new Board Chairman, succeeding Olaniyi Yusuf after a decade. The organisation aims to expand its impact on youth empowerment.
10 Safety Tips for a Secure Nigerian Holiday
Navigate Nigeria's festive season safely with these 10 crucial tips covering travel, home security, and financial safety. Stay prepared and enjoy the celebrations without stress.
Senate Okays Bills to Modernise Audit, Establish Economists Institute
Nigeria's Senate passes the Federal Audit Service Bill 2025 and the Institute of Economists Bill, aiming to overhaul colonial-era laws and boost financial accountability. Awaiting presidential assent.
Okonkwo's Leadership in Nigeria's Secure Printing Sector
Gabriel Okonkwo, MD of Superflux International, discusses driving Nigeria's economic growth through secure printing solutions, ethical leadership, and navigating sector challenges. Discover his transformative journey.
Romance Fraudster Jailed 17 Years for £1M Scam
Nigel Baker, 56, tricked single mothers out of over £1M for his gambling. He promised marriage but exploited their trust. Read the shocking details.
PoS Operators Reject CAC Shutdown Plan, Head to Court
PoS operators, led by NAFIAN, plan a legal challenge against the CAC's mandatory registration, calling it overreach. The January 1, 2026, deadline could see unregistered terminals seized.
Supreme Court Calls Out FG Over LG Autonomy
Nigeria's Supreme Court has called on the federal government to implement its judgment granting financial autonomy to 774 local governments. The court dismissed Osun state's suit. Full details inside.
Platnova Makes Nigeria's Top 100 Fastest-Growing SMEs
Platnova earns a spot in Nigeria's Top 100 Fastest Growing SMEs at the SME 100 AWARDS 2025. Discover how their cross-border financial services drive economic growth and inclusion.
CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
Suspected rapist nabbed in Lagos school premises
A suspected serial rapist has been apprehended at a Lagos school after a survivor recognized him. Residents took him to Ojodu police station following attempted assault.
Domestic Worker Nabbed for Stealing Employer's Lexus SUV
Niger State Police arrest domestic worker Suleiman Audu for stealing Lexus SUV from Lagos employer. Intercepted on Minna-Abuja road while transporting vehicle for disposal. Full details.
EFCC Invites Former AGF Malami for Questioning
Former Attorney General Abubakar Malami summoned by EFCC for mandatory questioning over financial matters. Malami pledges cooperation with anti-graft agency investigation.
OPay bags double honours for organisational excellence
OPay, Nigeria's top fintech firm, secures two major awards for financial crime prevention and governance, reinforcing its commitment to a secure digital finance ecosystem for millions.
CBN Proposes 5-Year Ban for Dud Cheque Offenders
Nigeria's Central Bank plans five-year banking restrictions for customers issuing bounced cheques three times. Banks face heavy fines for non-compliance. Read details.
Wesley University Reduces Tuition Fees
Wesley University in Ondo slashes tuition fees for the 2025/2026 session to ease the financial burden on students and parents, ensuring access to quality education.
1000 Law Students Get Anti-Money Laundering Training
Over 1,000 Nigerian law school students received crucial Anti-Money Laundering and Counter-Financing of Terrorism training in Abuja. This UK-supported initiative aims to equip future lawyers as financial system gatekeepers.
Man Gets 15 Cane Strokes for Stealing Phones in Church
Kaduna court sentences Kingsley Timothy to 15 strokes of cane for stealing phones worth ₦650,000 from a church. Magistrate warns against repeat offenses.
Okada Rider Arrested for Allegedly Killing Wife in Ogun
Ogun State Police intercept motorcyclist fleeing with wife's corpse. Suspect Godonu Lowe arrested with blood-stained cutlass recovered. CP urges public vigilance.
Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
$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.
Father of 3 Arrested for Trafficking Girls to Ghana
Adamawa police arrest Hamza Tukur Isa for trafficking young girls to Ghana. Suspect reveals how he lured victims with fake job promises. Police vow more arrests and urge parental vigilance.
AY Makun: Nigeria is a crime scene over insecurity
Nigerian comedian AY Makun condemns escalating insecurity, calling Nigeria 'a crime scene' and demanding government action against kidnappings and killings.
Why giving your sister huge money can destroy her marriage
A Nigerian tailor warns that giving large financial gifts to married sisters can damage their relationships. Learn why financial dynamics matter in Nigerian families.
Organ Harvester Arrested in Nasarawa, 4 Rescued
Nasarawa Police arrest a suspected organ harvester in Lafia, rescuing four young men lured with cash. CP Shettima Mohammed Jauro warns the public to remain vigilant.
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