Singapore’s Olam Group has emerged unscathed from a storm of allegations, as its investigation team unequivocally exonerated its Nigerian unit from any involvement in a multibillion-dollar foreign exchange fraud. The verdict was delivered on Monday, putting to rest the cloud of suspicion that hung over the company. Last year, some Nigerian media outfits sounded the Read More…
Fraud
EFCC summons suspended minister Betta Edu over alleged fraud
The Economic and Financial Crimes Commission (EFCC) has extended an invitation to the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, for questioning concerning alleged fraud. The invitation comes in light of her suspension by President Bola Tinubu over a contentious payment of N585.189 million to a private bank account. Betta Edu, a Read More…
Man sentenced to prison for $5,000 cryptocurrency fraud
In a recent ruling at the Ikeja Special Offences Court, a 25-year-old man, Babatunde Shittu, was sentenced to one year in prison for engaging in and benefiting from a $5,000 cryptocurrency fraud scheme. Shittu, who had falsely portrayed himself as a cryptocurrency investor and produced fraudulent documents to defraud the public, pleaded guilty to the Read More…
Police nab fraudsters using dollar argument scam
Police authorities in Lagos State have apprehended a group of fraudsters who have been using a devious scheme to deceive unsuspecting passengers by pretending to argue about a stash of dollars in their vehicle’s trunk. The Lagos State Police spokesperson, SP Benjamin Hundeyin, confirmed the arrest of the three suspects, consisting of two men and Read More…
Police nab three suspected fraudsters including female at Idumota Market
In Lagos, a recent police operation led to the apprehension of three suspected fraudsters, one of whom was a female, within the bustling Idumota market on Lagos Island. SP Benjamin Hundeyin, the spokesperson for the police command, officially confirmed the arrest in a statement issued on Tuesday. Hundeyin explained that the suspects were captured by Read More…
Pastor arrested for visa scam, duping victim of N1.67 million
The Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, has arrested a 39-year-old Pastor, Michael Ogundepo, on allegations of orchestrating a visa scam. In a statement issued on Monday in Akure, DSC Aidamenbor Daniel, the Command’s Public Relations Officer (PRO), revealed that the suspect had solicited N1.67 million to facilitate a visa application Read More…
Lagos businessman charged with deception and theft 0ver Eight Million Naira Toyota HIace scam
A 46-year-old businessman, Ekenedilichukwu Johnpaul, found himself in legal turmoil on Friday as the Lagos State Police brought him before an Ikeja Magistrates’ Court, accusing him of procuring a Toyota Hiace worth eight million Naira through fraudulent means. Residing in Igala Estate, Ejigbo, Lagos State, the defendant stands charged with conspiracy, obtaining by false pretenses, Read More…
Emefiele procurement fraud case delays hearing
The proceedings for the case of procurement fraud against Nigeria’s suspended and detained central bank governor, Godwin Emefiele, encountered a setback on Wednesday, with no new hearing date being set. Emefiele was scheduled to present his plea on Wednesday, but he did not appear in court, and his case was notably absent from the court’s Read More…
Man Charged with 9 Million Naira Scam in Ikeja Court
A 45-year-old man, Adefowora Adelaja, was brought before the Ikeja Magistrates’ Court on Wednesday, accused of deceiving and obtaining nine million Naira through dishonest means. Adelaja, whose residence details were not disclosed, faces two charges: one for obtaining money under false pretences and another for theft. However, he entered a plea of not guilty. The Read More…
Why D’Banj is being held – ICPC
Oladipo-Daniel Oyebanjo, better known by his stage name as D’Banj, has been detained as part of an ongoing investigation into the misappropriation of money for the N-Power programme, according to the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This assertion was made in a statement issued by the Commission’s spokeswoman, Mrs. Azuka Ogugua, Read More…