Nigeria Records Highest Average Fraud Rate In 2024

A new report from Sumsub, a global full-cycle verification platform, reveals alarming trends in identity fraud across Africa, with Nigeria recording the highest average fraud rate in 2024 at 5.91%, doubling from the previous year. Other nations with significant fraud rates include Algeria, Tanzania, Madagascar, and Chad. Sumsub provides customizable solutions in KYC, KYB, transaction…

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How ICPC Uncovered $300,000 Students’ Funds In Suspicious Account

The chairman of the Independent Corrupt Practices and Other Related Offences Commission, Dr. Musa Adamu Aliyu, has revealed how the commission in partnership with the Bureau of Public Procurement, successfully intercepted and blocked $300,000. He said the money was set aside for a students’ Information and Communication Technology program, which was being funnelled through suspicious…

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Malaria K¡lled 597,000 People In 2023 – WHO

The World Health Organisation has disclosed that malaria killed no fewer than 597,000 people globally in 2023. The global health body revealed that during the year under review, estimated 263 billion cases of malaria were recorded worldwide. In its latest World malaria report released on Wednesday, WHO lamented that despite an estimated 2.2 billion cases…

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Why Transacting Above N500,000 Can Send You To Jail – Police To POS Operators

The Delta State Police Command has issued a stern warning to Point of Sale (PoS) operators, cautioning them against facilitating large transactions, particularly amounts exceeding N500,000. According to the Command public relations officer, SP Bright Edafe, such transactions could potentially involve criminal activities, leading to legal consequences. This warning was highlighted in a developing case…

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