fraud

Lateef Lawal-Akapo, justice of an Ikeja high court on Monday sentenced a court registrar, Oluronke Rosolu, to 10 years imprisonment for defrauding Ishaya Bamaiyi, a former chief of army staff, of $330,000. Rosolu was convicted on all the two counts charge of conspiracy and obtaining money by...

Premium Times reported that the Central Bank of Nigeria (CBN) in 2014 disclosed that Nigeria spent an average of N800 Billion annually on the importation of rice. Unofficial import receipts through the Cotonou corridor was not captured in the CBN figure. But the business of importing rice, a...

Here are the pictures of those that mismanaged and looted the $2.1billion meant for arms and ammunition for the Nigerian Soldiers to battle insurgents in the country. They were arraigned together with the former National Security Adviser to former President Goodluck Jonathan at the Abuja court...

Justice Gabriel Kolawole of the Federal High Court, Abuja, has granted Raymond Dokpesi, founder of DAAR Communications Plc, bail in the sum N200m and two sureties in like sum. According to the judge, one of sureties must be a director in the civil service while the defendant must deposit...

The former National Security Adviser, (NSA) Colonel Sambo Dasuki, a Director of Finance at the office of the NSA, Shuaibu Salisu and Aminu Baba Kusa have entered a not guilty plea to 19 count charges of stealing, criminal breach of trust, misappropriation, conspiracy and diversion of public...

The arrest of some chieftains of the Peoples Democratic Party (PDP) by operatives of the Economic and Financial Crimes Commission (EFCC) has placed the former ruling party in a panic mode. Many prominent leaders of the party, New Telegraph learnt, have become apprehensive that anyone could be...

A 70-year-old man, Muyili Akande has been arrested and arraigned before Isolo Magistrates’ Court for allegedly defrauding his brother’s son, Samson Akande to the tune of N1.3m in Lagos State. Muyili allegedly sold a property belonging to samson’s late father and deceived Samson that he kept the...

The Nigeria Examinations Committee (NEC) of the West African Examinations Council (WAEC) said that they are withholding result of 118,101 candidates over allegations of examination malpractice. it was reported by Daily Sun that the candidates were found copying from textbooks, use of mobile...

A female banker has told detectives how she ran five accounts used to perpetrate a N2bilion pension fraud in the Office of the Head of the Civil Service of the Federation. Former Pension Reform Task Team chief Abdulrasheed Maina is wanted by the Economic and Financial Crimes Commission (EFCC)...

The Economic and Financial Crimes Commission, EFCC, has recently woken up from its slumber and started the prosecution of some prominent Nigerians for alleged fraud, illegal contract awards, mismanagement and financial impropriety. Here are some of the Most Prominent Nigerians on the EFCC...

An Ikeja High Court has jailed three internet fraudsters popularly called ‘Yahoo Yahoo Boys’. They are Ihechi Charles Okeke (alias Owolabi Sunday Sunny), Mayowa Afolabi Adigun and Etop Udeme Smith. They were accused of stealing 1million Naira belonging to one Osunkoya Mary in Lagos, Daily post...

In 2014, Nigeria lost about 6.2 billion to cyber crimes, according to an official. Ibrahim Shazali, an official of the Economic and Financial Crime Commission (EFCC), Bank Section disclosed this at the ongoing Nigerian Deposit Insurance Corporation (NDIC) workshop for financial journalists in...