Nigerian Open Banking Startup, Okra Quietly Shut Down
Okra, once Nigeria’s best-known open-banking startup, quietly shut down all operations, including Nebula, the cloud-services spin-off it recently launched. The…
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Trial of Ahmed Kuru, Union Bank, others over N76bn, $31.5m fraud adjourned
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday adjourned further hearing in the trial…
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Sanwo-Olu Allegedly Linked To SunTrust Bank’s $12 Million Money Laundering Scandal
Fresh revelations have surfaced suggesting a possible link between Lagos State Governor, Babajide Sanwo-Olu, and the ongoing $12 million money…
Top MTN Partner, Kingsley Adonu, Faces Arraignment Over Alleged N10Billion Fraud Channelled Through Fidelity Bank, FCMB, Zenith Bank, Others
Kingsley Ifeanyi Adonu, a prominent telecommunications entrepreneur and a leading partner of MTN Nigeria from Enugu State, is set to…
EFCC arraigns Farm360, MCBHADMOS Trans-Atlantic Trade over N80m scam
The Economic and Financial Crimes Commission, on Monday, has arraigned two companies, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited, for…
UBA suffers system glitch as customers lose N180.5 million
The United Bank for Africa (UBA Plc), chaired by Tony Elumelu, is grappling with the aftermath of a significant system…
LEAKED VIDEO: Fidelity Bank MD Onyeali-Ikpe Confesses To Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe
The Managing Director of Fidelity Bank Plc, Dr. Nneka C. Onyeali-Ikpe, has allegedly confessed to paying N5 billion to secure…
SunTrust Bank CEO, Halima Buba, director arraigned over ‘$12m money laundering’
Halima Buba, the chief executive officer of SunTrust Bank Nigeria Limited, has been arraigned by the Economic and Financial Crimes…
How Nigerian Justice Minister Dropped Name of Fidelity Bank MD, Onyeali-Ikpe, From Multi-Billion Naira Fraud Case
The Nigerian Government has dropped the name of Dr. Nneka C. Onyeali-Ikpe, Grouo Managing Director and Chief Executive Officer of…
Court orders Tony Elumelu’s UBA to pay N39.1m, $53,078 illegally withheld customer’s funds
For Tony Elumelu’s chaired United Bank for Africa Plc (UBA), it has become a case of “one day, one trouble”…
Court orders arrest of Businessman, Ayodele Toyosi over ‘N600m, $50,000 fraud’
For allegedly being involved in an agribusiness investment fraud of the sum of N600 million and $50,000, Justice Olubunmi Abike-Fadipe…
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I Regret Ever Meeting My Ex-mistress Adaobi Alagwu – Tunde Ayeni
Billionaire businessman Tunde Ayeni is opening up again on his former mistress, Adaobi Alagwu. After going back and forth the…
Tragedy in Kano as Two Former Local Government Chairmen Die Same Day
In a deeply tragic turn of events, Kano State was thrown into mourning on Monday following the deaths of two…
ANAMBRA: Policeman Killed By 10-Year-Old Son In Accidental Shooting
An officer of the Nigeria Police Force, Inspector Okolie Amechi, has died in a tragic case of accidental discharge after…
Gombe Permanent Secretary, Four Others Die Of Electric Shock
A Permanent Secretary in the Gombe State Civil Service, Muhammad Yusuf Kulani, along with four other individuals, was electrocuted, while…
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Wema Bank officials, Others Allegedly Conspire To Tamper With Customers’ data, ‘steal N8.5 billion’
Three employees of Wema Bank Plc have been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding…
Lagos fraudster Yomi Olaleye nabbed in U.S., convicted of $10 million COVID-19 fraud
Lagos-based fraudster Yomi Jones Olayeye faces up to 20 years in U.S. prison after pleading guilty to COVID-19 unemployment benefits…
How Halima Buba, SunTrust Bank CEO, director allegedly laundered $12m
Halima Buba, the managing director/CEO of SunTrust Bank Nigeria Limited and the bank’s Executive Director/CCO, Innocent Mbagwu are in trouble…
Access Bank Staff Secretly Films Female Colleagues In Restroom
A former Quality Assurance Specialist at Access Bank’s contact centre in Oniru, Lagos State, Stephen Ifeanyichukwu Ejezie, has been accused…
Fidelity Bank MD Engages In Insider Trading Amid N225Billion Court Judgment Pressure
The Managing Director and Chief Executive Officer (MD/CEO) of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, is reportedly engaged in insider trading…
₦1 billion worth jewelries, $50k, N30m cash found in Aisha Achimugu’s home by EFCC
A Nigerian businesswoman who made national headlines last year for throwing a seven-day birthday party at the $132,000 per night…
Mamuda Beverages dragged to court for trademark infringement with POP Power Energy Drink
Mamuda Beverages Limited a Kano-based beverage company, has been dragged to court again with its Pop Energy drink, for allegedly…
CEO of Vale Finance, Adesola Adeyinka swims in alleged $42,000 fraud
Adesola Adeyinka, the CEO of Vale Finance Limited, Vale Blue Limited and Coral Stone Limited, is currently facing prosecution for…
Paystack Fined N250m Over Zap Wallet Operations
Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating…
Union Bank Customers Lose N9.3 Billion to Cyber Attack
Union Bank of Nigeria Plc led by Yetunde Oni, is currently grappling with a massive N9.3 billion fraud following a…
Access Bank allegedly diverts N826m into a fraudulent account
The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Access Bank Plc and…
NUPRC CEO, Gbenga Komolafe, Aisha Achimugu alleged $5m oil block deal exposed
Gbenga Komolafe, the pioneer chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), stands accused of orchestrating a…
Bisi Onasanya, ex FirstBank MD flees Nigeria to Ghana as EFCC closes in……
Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the former chairman…
Former Heritage Bank CEO Ifie Sekibo Declared Wanted Over ₦20bn AMCON Fraud
Ifiesimama Ifie Sekibo, the former founder and Chief Executive Officer of the now-defunct Heritage Bank, is currently evading authorities over…
FBI arrests Atlanta-based Nigerian fraudster Ebuka Iwuagwu amid COVID-19, romance racket probe
The Federal Bureau of Investigation has arrested Ebuka Iwuagwu, a Nigerian based in Atlanta, for allegedly swindling the U.S. government…
