Hackers rattle Union Bank system, steal customers’ N9.3bn

EditorApril 22, 202516 mins

Union Bank HQs building, MD, Yetunde Oni Union Bank of Nigeria Plc led by Yetunde Oni, is currently grappling with a massive N9.3 billion fraud following a significant operational system breach. The development comes exactly one year and three months after the Central Bank of Nigeria (CBN) sacked the bank’s board and entire management, citing…

Fraudsters hack Moniepoint system, steal depositors’ N1.1bn

EditorJanuary 22, 2025January 22, 202517 mins

Moniepoint Microfinance Bank is currently battling to recover a N1.1 billion allegedly stolen by fraudsters from the bank. The hacker, Sunday Ozimede, was said to have invaded the vault of Moniepoint and defrauded the lender of a sum of N1,190, 728, 076 billion. The hacker who has been arrested by the operatives of the Police…