Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has revealed how much banks in Nigeria have lost to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.

The NDIC And Recapitalisation Of Banks, by Salisu Na'inna Dambatta   The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market and the Nigeria Deposit Insurance Corporation of Nigeria (NDIC). While the banking sector may become stronger with deeper capital...

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout According to Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), the Nigeria Deposit Insurance Corporation (NDIC) should keep a close eye on banks across the country to avoid failure and its...

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout According to Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), the Nigeria Deposit Insurance Corporation (NDIC) should keep a close eye on banks across the country to avoid failure and its...

CBN Directs Mortgage Banks to Submit Returns, Threatens Sanction  The Central Bank of Nigeria has warned all primary mortgage banks in the country regarding the timely submission of regulatory returns. This was as it also issued a stern warning to Development Finance Institutions and Microfinance Banks. In...

'Banks Involved In 70% Of Financial Crimes'   The Economic and Financial Crimes Commission (EFCC)on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Olu Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat...