Justice F.E. Messiri of the Federal Capital Territory, FCT, High Court, Abuja on Thursday convicted and sentenced a former Managing Director, Nigerian Export Import Bank, NEXIM to 490 years imprisonment for bank fraud. The convict was arraigned in 2021 by the Economic and Financial Crimes Commission, EFCC on a 49-count charge, bordering on obtaining money…
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank and six micro-finance and fintech firms in the alleged fleecing of Nigerians over N18 billion. The frauds were said to have been perpetrated by a foreign national in connivance with some young Nigerians through an airline discount scheme and a bogus investment…
The Economic and Financial Crimes Commission, EFCC, has arraigned a suspected fraudster, James Katung Kantiyok, before Justice M.J. Zubairu of the Federal High Court Sitting in Gombe State, Gombe State He was arraigned on seven count – charge bordering on unlawful possession and criminal breach of trust. He was arraigned by the Gombe Zonal Directorate…
Stephen Ejieze An employee of Access Bank PLC, Nigeria, was arrested after he was caught recording co-workers in the bank’s ‘facilities’ and selling the videos online. Stephen Ifeanyichukwu Ejieze, a Quality Assurance Specialist at the bank’s contact centre in Oniru, Lagos State, was said to have installed cameras in the buildings washrooms to obtain videos,…
The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Ugenyi Kalu, a former banker, for fraud. The Special Offences Court sitting in Ikeja, Lagos, sentenced Kalu to four years and two months in prison. The ruling was delivered by trial judge, Justice Rahman Oshodi. Kalu, who served as the Head of the…
A Federal High Court sitting in Lagos, Nigeria has awarded a total sum of N2,973 billion against Standard Chartered Bank Nigeria Limited, for negligence. The judge, Justice Akintayo Aluko, awarded the sum in favour of a company, Celplas Industries Nigeria Limited, a defendant/counter Claimant, while delivering judgment in a suit marked FHC/L/CS/1187/2020. Delivering judgment in…
Sterling Bank Limited and its holding company, Sterling Financial Holdings Company, are currently battling a N1.2billion depositors’ funds which were stolen from the bank by some of its staff. The Witness gathered that the staff colluded with some fraudsters to hack the bank’s banking platform and stole the said fund. The suspects, namely Victor Nwabueze…
Bisi Onasanya Bisi Onasanya, a former Group Managing Director (GMD) of First Bank, has fought back the claims by the Economic and Financial Crimes Commission (EFCC) that he and three others helped themselves with the account of First Bank during his tenure as GMD of the bank. Recall on Thursday, the EFCC, filed charges against…
The Lagos Division of the Federal High Court has ordered all banks operating in Nigeria to blacklist media executive Nduka Obaigbena and members of his family over alleged debt to First Bank of Nigeria. The December 30, 2024 Mareva order also sought to prevent Mr Obaigbena from moving any assets linked to him from the…
A Federal High Court in Lagos has dismissed the fraud charges amounting to N144 million against Mrs Mariam Isoje, the Branch Head of Providus Bank Plc Justice Yellim Bogoro struck out the charges after the Police Prosecutor, Mr. H. Obazi, filed a notice of withdrawal, with no objections from the defence counsel, Mr. Mobolaji Kuti….
