fraudsters

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 …

Kanu's Trial: Heavy Security In Court, Journalists Denied Entry

Kano High Court Remands Two Internet Fraudsters

January 17, 2020 10:04 am

The Kano State High Court presided by Justice Hadiza Suleiman thursday remanded the duo of Bashir Kashim and Mustapha Saleh in the correction service centre for alleged internet fraud.

They were arraigned by the Economic and Financial Crimes Commission on a two separate charges contrary to section 7(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

The defendants, who are alleged to be members of a syndicate of internet fraudsters operating at No. 282 H/C Hotoro area quarters, are allegedly involved in duping the unsuspecting public of their hard earned money.

It was also revealed that …

EFCC Secures Conviction Of 111 Fraudsters In Southeast

December 9, 2019 12:10 pm

The Economic and Financial Crimes Commission (EFCC) says it has obtained the conviction of 111 fraudsters in the South East between January and November, 2019.

The commission also said that it had secured the final forfeiture of N1.5billion state-of-the-art 200 bedded hospital linked to an aide to former governor of Imo State, Rochas Okorocha.

The South East Zonal Head of the EFCC, Mr Usman Imam said this on Monday in Enugu during the 2019 International Anti-corruption Day.

Imam said that the commission had also secured the forfeiture of over N213 million and 10,609 US Dollars within the time under review …

EFCC Releases List Of 18 Fraudsters Busted In Lagos

October 9, 2019 6:50 am

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, has arrested 18 suspected internet fraudsters in Lagos.

The suspects are Abass Mukhtar, Enitan Adekunle, Olakunle Araoyinbo, Korede Adetule, Christmas Gabriel, Christmas Yole, Christmas Emmanuel and Harrison Obayogbono.

Others are Victor Kenneth, Adewale Musibau, Oluwajuwon Shofuyi, Idris Abdulazeez, Oyeku Adeoye, Omilana Adeleke, Okeke Chucks, Peters Olamide, Abayomi Jones and Usman Olalekan.

The suspects were arrested at three different locations in the Alagbado area of Lagos State, following intelligence reports received by the Commission from concerned members of the public about their alleged involvement in criminal activities.

READ ALSO: Ndi …

EFCC nabs seven suspected Internet fraudsters in Kwara

June 19, 2019 12:59 am

The Economic and Financial Crimes Commission (EFCC) has arrested four suspected internet fraudsters in Ilorin, the Kwara State capital.

The suspects are: Kayode Obanewo (aka Samantha James), Muhammed Ademola (aka Catherine Smith), Yusuf Rasheed (aka Rebecca Moore) and Apata Oluwakayode (aka Hanna Cole).

It was gathered that the suspects were arrested on June 11 at Mandate Estate Phase II behind Irewolede area of operatives of the Ilorin zonal office of the EFCC.

Read also: Music producer to sue EFCC for parading him as ‘Yahoo Boy

During interrogation, one of the suspects, Obanewo Kayode, told EFCC operatives that he committed the …

CBN: ₦2b stolen as fraudsters target Mobile Apps users

May 5, 2019 9:27 pm

Going by the record of the Central Bank of Nigeria (CBN), e-fraudsters have fleeced customers of self-initiated banking solutions, such as Mobile Apps and Unstructured Supplementary Service Data (USSD) of about N2.08 billion in the last one year.

CBN Director, Payment System Management, Sam Okojere, who broke the news at the Nigeria Electronic Fraud Forum (NeFF) general meeting in Lagos, said that customers of banks, Other Financial Institutions (OFIs), digital wallets and remittance players are prime targets for cyber criminals seeking quick monetisation of stolen credentials.