Banker gets N1m bail for alleged N600,000 fraud
An Ikeja Magistrates’ Court on Thursday admitted a 31-year-old banker, Ridwan Adejoju, to N1 million bail for allegedly defrauding a man of N600,000. Adejoju, whose residential address was not given, is being charged for stealing and obtaining money under false pretences. Magistrate Elizabeth Adeola admitted the defendant to N1 million bail with two sureties in […]
US places Atiku, family under close watch over alleged fraud
The Financial Crimes Enforcement Network (FinCEN), an agency of the U.S. Department of Treasury, Tuesday placed the candidate of the Peoples Democratic Party, PDP, in the 2019 presidential election, Alhaji Atiku Abubakar and his family members under close watch over alleged financial fraud. Disclosing this Premium Times unraveled new findings by FinCEN which flagged some […]
Businessman in court over alleged N1.13m fraud
An Ikeja Chief Magistrates’ Court, on Monday, granted N200,000 bail to a 40-year-old businessman, Afolabi Adebayo, who is facing a trial over an alleged N1.13 million fraud. The defendant, whose house address was not given, is facing charges of obtaining by false pretense and theft of N1.13 million from a housewife. Earlier, the Prosecutor, Insp […]
Police arrest 2 over alleged €14.7mn fraud against German coy
The Police on Sunday said it has arrested two suspects for allegedly defrauding a German Company of 14.7 million Euros in pretext to procure COVID-19 Personal Protective Equipment (PPE). The Force Public Relations Officer (FPRO), Mr Frank Mba, disclosed this in a statement in Abuja. He said the suspects were arrested by the Cybercrime Unit […]
SIM card cloning fraud now in vogue, bank customers warned
There are indications that bank customers are on the verge of losing confidence in electronic banking as frauds associated with the system threatens their life savings through a Subscriber Identity Module (SIM) card cloning.
Businessman in court over alleged N28.8m fraud
A 34-year-old businessman, Alaba Agbasi, who allegedly defrauded his business associates of M28.8 million, on Friday appeared in a Magistrates’ Court in Igbosere, Lagos. The police charged Agbasi, whose residential address was not given, with two counts of fraud and theft. The Prosecution Counsel, Sgt. Cyriacus Osuji, told the court the defendant committed the offense […]
