fraud:

Nigerian Fraudster, Hushpuppi, To Be Sentenced On Sept 21

Nigerian Fraudster, Hushpuppi, To Be Sentenced On Sept 21

August 27, 2022 4:38 am

Nigerian internet fraudster and social media sensation, Ramon Abbass, popularly known as Hushpuppi, is set to be sentenced on September 21, 2022, according to the The United States Attorney’s Office for Central District of California, Los Angeles.

This was made known to newsmen yesterday by the court’s Director of Media Relations, Thom Mroze.

Africa Daily News, New York reports that the Nigerian, who had defrauded many people of their hard earned money before now, running into millions of dollars, has had his sentence moved three times since getting convicted in 2021.

The first came on February 14, then postponed …

EFCC Arrests, Quizes NDDC’s Account Director Over N25bn Fraud

EFCC Arrests, Quizes NDDC’s Account Director Over ₦25bn Fraud

August 25, 2022 5:05 am

Operatives of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) have confirmed the arrest of the Director, Finance, and Account of the Niger Delta Development Commission (NDDC), Mr. Eno Ubi Otu for alleged fraud.

Africa Daily News, New York can confirm that Mr. Otu is currently being grilled with regards to an alleged ₦25billion fraud.

According to reports, it was alleged that the finance director played a role in the diversion of over ₦25billion tax remittances.

The suspect who arrived at the Commission in the early hours of Wednesday, August 24, 2022 was still being interrogated as of …

LIRS Announces Plans To Launch Whistle-Blower Initiative

LIRS Announces Plans To Launch Whistle-Blower Initiative

August 2, 2022 4:13 pm

In line with some of their new measures against revenue fraud, the Lagos State Internal Revenue Service (LIRS) has announced that it is set to launch its whistle-blowing initiative which would be going a long way to provide a platform for employees, stakeholders, and the general public for them to report any observed violation, misconduct, or unethical behaviour across the state.

The launch of the state-wide initiative has also been slated for Friday, August 5, 2022.

Read Also: United States Mission Announces New Consul General In Lagos

A statement by the LIRS Head of Corporate Communications, Monsurat Amasa, revealed that …

Nigerian-Born Tech Gurus Convicted In US For Money Laundering

Nigerian-Born Tech Gurus Convicted In US For Money Laundering

July 18, 2022 3:21 am

Three businessmen of Nigerian origin whose names were given as; Anslem Oshionebo, Opeyemi Odeyale and Aleoghena Okhumale have been convicted for money laundering in the United States.

Their fate was decided over the weekend after Ping Express U.S. LLC pleaded guilty to the charge which involved the failure to maintain an effective anti-money laundering program.

The Texas company, which transferred millions of dollars from America to Africa, admitted that it failed to play by the rules.

Africa Daily News, New York gathered that though the firm was licensed to transmit money, it had no approval to conduct currency exchange.

Ping …

ADC Presidential Candidate Denies Allegations Of Tax Fraud

ADC Presidential Candidate Denies Allegations Of Tax Fraud

June 23, 2022 1:13 am

Mr. Dumebi Kachikwu who is the presidential candidate of the African Democratic Congress (ADC), has denied allegations of tax fraud in the United States describing them as fake and malicious. 

In a statement which he personally signed on Wednesday titled, ‘Allegations of tax evasion, fraud against me untrue, politically motivated’ Kachikwu denied the allegations.

The presidential candidate went on to posit that the allegations were propagated by his political opponents who were unhappy with his recent victory at the ADC Presidential primary a few weeks ago.

The Roots TV boss, therefore, urged his teeming supporters to pay no heed …

N96bn Fraud Rivers Govt Files Charges Against Amaechi

₦96bn Fraud: Rivers Govt Files Charges Against Amaechi

June 11, 2022 4:48 am

The Governor of Rivers State, Nyesom Wike has disclosed that the State has filed criminal charges against former Governor Rotimi Amaechi over the alleged misuse of 96 billion Naira which accrued from the sales of state assets.

Governor Wike had instituted a commission of inquiry to look into the alleged sale of valuable assets such as Omoku Gas Turbine, Afam Gas Turbine, Trans Amadi Gas Turbine, Eleme Gas Turbine, Olympia Hotel and the award of contract for the execution of Mono Rail Project.

Africa Daily News, New York recalls that last month, the Supreme Court dismissed an application by former …

EFCC Apprehends 140 Suspected Yahoo Boys In Lagos

EFCC Apprehends 140 Suspected Yahoo Boys In Lagos

June 10, 2022 3:52 am

Operatives of the Economic and Financial Crimes Commission (EFCC), have confirmed the arrest of no fewer than 140 suspected internet fraudsters otherwise known as ‘Yahoo boys’.

Africa Daily News, New York reports that the suspects were apprehended in separate sting operations at popular hotels, Lakers Lounge Hotel and Bar and De Butlers, in Ikorodu, Lagos State, following credible intelligence on their involvement in internet-related fraud.

The commission in a statement issued by its Spokesman, Wilson Uwujaren, said four of the suspects were released as no incriminating item was found on them.

The suspects, with ages between 16 and 40 years …

Hungary Nabs Israeli-Led Money-Laundering Ring

Hungary Nabs Israeli-Led Money-Laundering Ring

June 1, 2022 4:36 am

The Hungarian police on Wednesday declared that they busted an international money-laundering ring based in Hungary led by an Israeli man that specialised in cheating people in dozens of countries through online investment frauds.

According to the country’s police spokesman, Peter Farkas, no fewer than 44 million euros ($47 million) were transferred from some 94 companies set up by the gang.

The gang was led by a 48-year-old Israeli man living in Hungary, one of five suspects arrested during coordinated raids on May 9 across Hungary.

The fraud schemes were typically online and related to so-called “account-switching” and cryptocurrency …

Fraud

Confronting Growing Challenge Of Fraud

February 5, 2020 6:11 am

 

As the business world gets more complex, fraudsters are becoming even more sophisticated in their approach to crime. At present, growing desperation among fraudsters has made many corporations admit that the possibility of having fraud related problem is ever present.

Indeed, there are examples of companies in the most secure and developed countries that have been victims of impersonation related fraud.

In the 2018 edition of Price Waterhouse Coopers’ Global Economic Crime and Fraud Survey, 49 per cent of organisations surveyed admitted to being victims of fraud and economic crime at some point.

In August 20019, Toyota …

Ihedioha

INEC Committed Fraud By Declaring Ihedioha Winner

January 27, 2020 1:53 pm
National Leader of the All Progressives Congress, APC, Adams Oshiomhole, has insisted that Emeka Ihedioha never won the March 9, 2019, governorship election in Imo State.

Oshiomhole said the Supreme Court judgment was a remedy for the fraud committed by the Independent National Electoral Commission, INEC, by declaring Ihedioha governor.

Read Also: We Wrote APC Manifesto At Pat Utomi’s House, Says Osinbajo

Addressing his party members in Auchi, Edo North over the weekend, the APC National Leader claimed that Ihedioha did not meet the constitutional provision of scoring 25 percent in two thirds of the 27 local government areas of

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Please Stop Killing Us – Ogun Police Beg Protesters

2020 UTME: Police Arrest Four Agents Over JAMB Form Fraud

January 20, 2020 2:23 pm
Four agents of the Joint Admissions and Matriculation Board (JAMB) have been arrested by the examination body.

They were arrested for selling the ePINS for the ongoing 2020 Unified Tertiary Matriculation Examination (UTME) Direct Entry (DE) registrations above the stipulated amount.

The suspects were identified as Abdulrazak Adiza, Mathew Joe, Obekee Godday and Inyang Patrick.

Read Also: Sanusi Lobbied To Be Osinbajo’s VP When Buhari Was Sick

 

JAMB’s spokesperson, Fabian Benjamin who confirmed the arrest in a statement said the cost of the ePINs is N3500 while that of the reading text is N500.

He added that any

…

Students To Petition EFCC Over ₦208bn Fraud In TETFUND

January 14, 2020 2:29 pm
University Students, under the auspices of the National Association of Universities’ Students( (NAUS), have threatened to petition the Economic and Financial Crimes Commission (EFCC) to investigate alleged plundering of over N208 billion Tertiary Education Trust Fund (TETFUND) released to the agency by the federal government.

The association said the action became expedient to rescue universities from infrastructural deficit caused by high level of corruption in the utilisation of TETFUND revenues and mismanagement of funds in higher institutions by managements.

NAUS also lashed out at some “amorphous bodies masquerading as Civil Society Organisations(CSOS), criticising it over its consistent call for

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