A surge in fraudulent activities across banking platforms in Nigeria led to a loss of N42.6 billion by Nigerian banks in three months between April and June this year. This was revealed by the Financial Institutions Training Centre (FITC) in its Q2 2024 Fraud and Forgeries report just released. Without adding the Q1 record, the…
The Economic and Financial Crimes Commission (EFCC) has arrested a 35-year-old man, Hyginus Nkwocha, in Abuja for alleged internet fraud and money laundering. The suspect, described as a ‘young billionaire,’ was apprehended at Ever Green Estate, behind Millennium Estate, Lugbe, Abuja, following intelligence about his suspected involvement in internet fraud and money laundering. Items…
A Nigerian man, identified as Yomi Olayeye has been arrested and charged with conspiracy, wire fraud, and identity theft for his alleged role in a $10 million pandemic unemployment assistance fraud scheme in the United States. The United States Attorney’s Office for the District of Massachusetts under the Department of Justice revealed this in a…
Two Nigerian men identified as Imoleayo Samuel Aina, 26, and Samuel Olasunkanmi Abiodun, 24, have been extradited from Nigeria to the United States to face charges of sexual extortion and death of a young man in the Eastern District of Pennsylvania. Aina is charged with cyberstalking, interstate threat to injure reputation, and receiving proceeds of…
