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 […]

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 […]

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.

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 […]

Former Imo State Governor, Chief Ikedi Ohakim, has refuted the allegation by a businesswoman, Ms. Chinyere Amuchinwa, that he allegedly  defrauded her of N500 million.