SEC, NFIU Sign MoU To Tackle Fraud, Ponzi Schemes
The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) have signed a Memorandum of Understanding to collaborate in combating crime in the Nigerian capital market and to ensure that suspicious transactions are...
Fraud: Customs Suspend 300 Clearing Licences
The Nigeria Customs Service has reportedly suspended 300 clearing licences due to alleged fraudulent activities.
It was gathered that licences belonging to members of the Association of Nigeria Licensed Customs Agents including that of its National President, Tony Nwabunike, were...
Group Charges Telcos To Tackle Electronic Fraud
Worried about the increasing rate of electronic fraud, especially through the use of smartphone devices, the Industry Consumer Advisory Forum (ICAF), which oversees the interests and concerns of consumers of Information and Communications Technology (ICT) products and services,...
CBN: Banks Lose N12.06bn To Fraud In 6months
The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018.
This is just as the banking sector regulator...
SIM Boxing , Call Masking Fraud Costs Nigeria $3bn - NCC
The Nigerian Communications Commission has said the revenue lost to call masking and SIM boxing activities in the country amounts to $3bn.
This is as telecoms operators lamented during the 85th edition of the Telecom...
In 3years Banking Industry Fraud Hits N5.571bn
The Nigerian Electronic Fraud Forum (NeFF) has put the value of electronic banking fraud cases over the last three years at N5.571 billion.
This is just as the Central Bank of Nigeria (CBN) Director, Banking and Payment System, Mr....
