Trending Naija Newsfinancial fraud Archives

Nigerians Defrauded of Over N93.72 Billion in Just Two Years: A Wake-Up Call for Stricter Regulations

December 30, 2024 by Ferdinand Miracle

The rising tide of financial fraud continues to plague Nigerians, with over N93.72 billion lost to Ponzi schemes and other financial scams between January 2023 and December 2024. This staggering figure is part of a broader crisis that has seen more than N1 trillion vanish from the pockets of unsuspecting Nigerians in the last 25 … Read more

Ex-Bank Manager Sentenced to Six Months for $46,900 Fraud Scheme

December 24, 2024 by Joshua Ezim

The Chief Magistrate’s Court in Asaba, Delta State, found Egueke guilty of fraudulent misrepresentation and false pretenses. Egueke, who worked as a manager at Zenith Bank’s Asaba branch, fraudulently obtained the money from Dr. Jude Ndudi in 2016. He used two Certificates of Occupancy (C of O) as collateral for a credit facility. One land … Read more

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