The World Bank has warned the central banks of Nigeria, Ethiopia, and Uganda to avoid taking any actions that might conflict with their monetary policies. The World Bank lists these measures as “monetizing the fiscal deficit, direct lending interventions, untargeted subsidy programs, and foreign exchange controls.” The World …
Read More »Yobe police arrest fraudster who specializes in swapping bank customers’ ATM cards and stealing money from their accounts
Yobe State Police Command has arrested a wanted fraudster, Justice Gibson, who specialized in swapping Automated Teller Machine (ATM) cards of bank customers to defraud them. Spokesperson of the command, DSP Dungus Abdulkarim, who disclosed this in a statement on Thursday, September 28, 2023, said the suspect sneaks …
Read More »World Bank approves another $700m loan for Nigeria
The World Bank has approved a fresh $700m loan for Nigeria. It disclosed this in a statement published on its website on Friday, Sept. 22. The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment. …
Read More »‘Yahoo Boy? bags one-year jail term after failing to account for N6m in his bank account
Justice O.A. Egwuatu of the Federal High Court, Maitama, Abuja on Friday, September 15, 2023, convicted and sentenced one Ukoh Michael Odeh to one year imprisonment on one count charge of fraud brought against him by the Makurdi Zonal Command of the Economic and Financial Crimes Commission, EFCC. A …
Read More »Dismissed policeman arrested in Ondo for buying phone with fake bank alert
A dismissed police officer, Yusuf Anas, has been arrested for alleged impersonation and stealing by operatives of the Nigeria Police Force, Zone 17, Akure in Ondo State. Anas was arrested after he purchased a mobile phone from a store and allegedly generated a fake bank transfer to the seller. …
Read More »Broke Nigerian man shares his experience after visiting a sperm bank to donate his sperm in Germany
A Nigerian man residing in Germany got a shocker when he went to a sperm bank to donate his sperm in exchange for some money. In a screenshot of his chat with a friend, the Nigerian man said he failed to ejaculate as he waited endlessly to deliver so …
Read More »FCT police arrest couple who specialise in snatching phones and using stolen SIM cards to empty victims’ bank accounts
The Federal Capital Territory Police Command has arrested a 36-year-old mother of two, Bunmi Samuel, and her boyfriend, Nuhu Zaria for theft and fraud using SIM cards. The FCT Commissioner of Police, CP Haruna Garba, paraded the couple alongside other suspects at the command headquarters in Abuja on Thursday, …
Read More »Nigerian bank employees to join NLC?s two-day strike action
The National Union Of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has directed all banks to shut down on Tuesday 5th and Wednesday 6th September 2023. According to a statement released, the notice is in line with the Nigeria Labour Congress’ resolution to a two-day strike action, which was …
Read More »Suspect arrested for attempting to rob a bank in Lagos
A suspected robber has been arrested after he and fleeing members of his gang attempted to rob a bank opposite Maplewood Estate, Oko Oba in the early hours of today September 3. The suspects were breaking the security doors to gain entry when men of the state police command …
Read More »‘It’s Either An Inside Job Or Otherwise’ – Peter Okoye Calls Out Polaris, Access Bank For Alleged Fraud
Nigerian singer, Peter Okoye, better known as Mr P, has called out Polaris and Access banks over alleged fraud. Naija News reports that the singer, who runs a lottery programme, in a post shared on Instagram, revealed that fraudsters have been using his name to scam people in banks. Mr P fingered …
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