Special Reports
Wema Bank Suffers N2.9 Billion Loss Due To Transfer System Failure
Wema Bank Plc is scrambling to reclaim approximately N2.9 billion in funds that were allegedly siphoned from its system following a technical malfunction.
The bank...
Special Reports
Abubakar Samaila Isa Funtua loses bid to stop EFCC probe over ‘N28bn fraud’
Abubakar Samaila Isa Funtua, son of billionaire Alhaji Isa Funtua, has lost bid to restrain the Economic and Financial Crimes Commission (EFCC) to investigate...
Special Reports
Stanbic IBTC Legal Scandal: N260b crisis threatens financial institution
STANBIC IBTC Holdings PLC is drowning in a crippling 405 lawsuits, with a jaw-dropping N260 billion reserved for legal battles, exposing shocking corporate governance failures...
Special Reports
Court orders seizure of N1.37bn Kaduna fund ‘hidden’ in Sterling Bank
A Federal High Court in Kaduna has ordered the interim forfeiture of N1.37 billion Kaduna State fund allegedly hidden in a Sterling Bank account...
Special Reports
U.S. Secret Service seizes $1.5m linked to fraudster Avwerosuo Omokri’s Binance crypto account
The U.S. Secret Service seized $1.5 million from the Binance wallet of Nigerian serial fraudster Avwerosuo Omokri after numerous complaints from victims triggered a...
Special Reports
Reps probe Oando, Chevron, Mobil, Shell, AITEO, Seplat, others over N9.4trn debt
Nigeria’s House of Representatives, through its Committee on Public Accounts, is commencing investigative hearings aimed at addressing significant outstanding debts owed by some oil...
Special Reports
London Court Awards $380m Against NLNG Over Alleged Breach of Contract
A London court has awarded a $380 million judgment against the Nigerian Liquefied Natural Gas (NLNG) for non-delivery of cargoes to trading houses Vitol...
Special Reports
Court freezes bank accounts over ₦5.7 billion Keystone Bank transfer glitch
A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion,...