FG Arraigns Dantata Success Promoters Over N2bn Fraud       The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2bn. According to a statement from the Securities and Exchange Commission, those...

Petrol Subsidy Removed Because Of Fraud - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari said some cabals which he failed to identify perpetrated the fraud in the oil...

Bank Cautions Depositors On Rising Fraud Cases     Access Bank Plc has called on customers to be vigilant of the common tricks used by fraudsters to rob them of their monies. The Executive Director, Retail Banking, Access Bank, Victor Etuokwu, made the call on Friday in a...

NEXIM Bank Refutes N50bn Fraud Allegation Against MD   The Nigerian Export-Import Bank (NEXIM), has refuted the fraud allegations made against its Managing Director and Chief Executive, Abba Bello, by a group known as Citizens Committee for Corruption Free Nigeria (CCCN). According to the Bank, a social...

How Forensic Accounting Can Stem Nigeria’s N2.5trn Annual Fraud Loss     The Society for Forensic Accounting & Fraud Prevention (sfafp) has revealed that Nigeria loses N2.5 trillion yearly to fraud and corruption. For the African continent, the society stated that almost 25 per cent of its...

Ngige Sets Up Panel On Alleged N3.4bn NSITF Fraud     The Minister of Labour and Employment, Senator Chris Ngige, on Thursday inaugurated a Presidential Joint Board Audit Investigation Panel to probe alleged N3.4bn financial infractions levelled against the suspended Managing Director of the Nigeria Social Insurance...