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Fraudsters hack Nigerian bank, steal customer’s N523m

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A team of fraudsters have hacked into the system of one of Nigeria’s Tier 1 banks, stealing N523,337,100 from a customer’s account. The fraudsters posted...

Police arrest 10 suspects for robbing bullion van of N390m

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The Abia Police Command has arrested 10 members of a dare-devil armed robbery gang that allegedly robbed a bullion van on July 26 and...

Armed robbers attack three banks in Kogi

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Dare-devil armed robbers have attacked three Tier-1 banks in Ankpa, Kogi State. The robbery took place on Tuesday. Commissioner of Police, Kogi Police Command, Mr. Edward Egbuka...

CBN raises interest rate to 9% on intervention facilities 

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The Central Bank of Nigeria (CBN) has increased the interest rate of its intervention facilities from five per cent to nine per cent. The bank...

EFCC chair: How banks’ mgt stole billions, ruined lenders

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has highlighted how Nigerian banks were ruined by the lenders’ management. Bawa stated...

Kano court convicts telecom giants, banks, others

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A Kano mobile court, on Wednesday, convicted two giant telecommunication companies alongside banks for defaulting payment of Trade Registration Fees in the state. The telecoms...

Police nab bank official, five other robbery suspects

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The Oyo State Police Command has arrested six suspected members of a gang of bank robbers. Police spokesman, DSP Adewale Osifeso, stated in Ibadan that...

CBN, Bankers’ Committee to launch non-oil export framework

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The Central Bank of Nigeria (CBN) has developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil...

NDIC verifies depositors of 3 failed micro-finance banks

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The Nigeria Deposit Insurance Corporation (NDIC) has said that it would commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose...

Two bankers jailed for stealing N2.9m from dead customer

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Two bankers,  Titus Chima Nwankwo and Utibe-Abasi Ifiok George, have been convicted and sentenced for stealing N2.9 million from the account of a deceased...
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