EFCC Arraigns Hacker For N68 Billion Bank Theft

Mr. Stephen Omaidu

The Economic and Financial Crimes Commission, EFCC, on Monday, April 20, 2015 arraigned one Stephen Omaidu before Justice M. A Nasir of Federal Capital Territory High Court sitting in Jabi, Abuja on a two count charge bordering on theft to the tune of N68, 028, 000, 000.00 (sixty eight billion and twenty eight million naira).

How An Indian Perpetrated N32b Bank Fraud In Nigeria - EFCC

The Federal High Court in Lagos yesterday heard how an Indian businessman, Patrick Fernandez, allegedly perpetrated a N32 billion bank fraud.

Police Declare 10 Bankers Wanted Over N125m Fraud

The Zone 2 Police Command in Lagos State on Sunday declared 10 suspected bankers wanted over alleged N125.1 million scam.

FRAUD: Italian Businessman Arraigned For Defrauding Nigerian Bank Of N717m

Justice Mohammed Idris of the Federal High Court in Lagos yesterday ordered that a Nigerian-based Italian businessman, Piero Allan Franchillo, be remanded in prison custody for allegedly defrauding Zenith Bank Plc of the sum of N717 million.

How Nigerian Bank Staff Help Fraudsters Steal Billions

Despite multiple security checks in banks, incidents of fraud are on the increase, prompting the Central Bank of Nigeria (CBN) to raise alarm, blaming it on insiders. Weekly Trust takes a look at the disturbing trend.