ICPC Docks NSCDC Deputy Commandant Over N26.7m Fraud
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has docked a Deputy Commandant of the Nigerian Security and Civil Defense Corps (NSCDC), Mr. Edike Mboutidem Akpan, for defrauding prospective home owners of N26,655,000.
Mr. Akpan was...
MTN Alleges N22bn Fraud On Mobile Money Banking In One Month
MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations.
In a suit instituted by the MOMO bank against...
Court Acquits Ex-PPMC MD Haruna Momoh’s Wife – Ochuko Of N3bn Fraud
A Federal High Court in Abuja has discharged and acquitted Ochuko Momoh, wife of a former Managing Director of Pipelines and Products Marketing Company, Haruna Momoh, of a N3bn fraud
Economic Confidential reports that...
SEC Initiates Measures To Tackle Fraud, Unclaimed Dividends
The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed dividends, a statement by the commission on Sunday said.
The Director-General, SEC,...
Reps Probe Alleged Fraud Of W/Bank Funds For Assets Insurance
The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National Insurance Commission and all ministries, departments and agencies of the Federal Government to ensure proper actuarial valuation and...
SEC, EFCC Partner On Capital Market Fraud
The Securities and Exchange Commission announced on Wednesday that it had engaged the staff of the Economic and Financial Crimes Commission on capital market training in a bid to tackle financial crimes in the market.
SEC described the training,...
