LAGOS JANUARY 15TH (NEWSRANGERS)-Depositors at Wema Bank are expressing concern following the bank’s announcement of a significant financial setback. The tier 2 lender, led by Moruf Oseni, revealed a loss of over ₦8 billion to litigation and fraud in 2023. The disclosure was made in the financial statement presented to the Nigeria Exchange Group, as […]
LAGOS OCTOBER 27TH (NEWSRANGERS)-Nigerian commercial bank Fidelity Bank is restricting consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, said multiple sources with direct knowledge of the matter. A week ago, a small number of customers first noticed that these neobanks were no longer listed on the list of approved financial institutions on […]
LAGOS AUGUST 17TH (NEWSRANGERS)-Police Arraign Chartered Accountant, Mother Over Alleged N1.07bn, $975, 102.58 USD Fraud A Chartered Accountant, Omafume Augustina Ayinuola and her mother, Lydia Abosede Ehrievuyere, were today, arraigned before a Lagos Federal High Court, on alleged charges of conspiracy, unlawful conversion of funds, money laundering and fraud of N1, 072, 254 411 billion […]
LAGOS JULY 20TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, Enugu Zonal Command on Wednesday July 19, 2023, arraigned one Obiorah Anthony Emelife before Justice C.O Ajah of Enugu State High Court, Enugu for alleged Seventy-two Million Naira fraud. The defendant was arrested sometime in 2023 following a petition that he allegedly defrauded one Atansi Obinna […]
Banker-turned-publisher, Philomina Ngozi Christopher-Oji, is the chief executive officer of Phil Chris Media Concepts, the publisher of Conerstonenews.ng.com, which has over three million followers and subscribers across the globe. In this interview, the graduate of English from Delta State University, Abraka, once again blamed former Nigerian President, Muhammadu Buhari, and his All Progressive Congress Party […]
LAGOS JUNE 6TH (NEWSRANGERS)-The House of Representatives has poked holes in the purported launch of Nigeria Air at the twilight of the administration of former President, Muhammadu Buhari, declaring it a fraud. Chairman of the House Committee on Aviation, Nnolim Nnaji, declared the launch of Nigeria Air a fraud after the major stakeholders in the […]
LAGOS NOVEMBER 18TH (NEWSRANGERS)-Nigeria’s athletics federation says last week’s conviction of two of its athletes for their part in a fraud scheme uncovered by the Federal Bureau of Investigation (FBI) is “sad and damaging” for the country. On 10 November, Emmanuel Ineh and Toluwani Adebakin were convicted for transferring tens of thousands of dollars to […]
LAGOS SEPTEMBER 28TH (NEWSRANGERS)-A United States district court has sentenced Abidemi Rufai, a suspended aide of Governor Dapo Abiodun of Ogun State, to five years’ imprisonment for fraud. The District Court in Western Tacoma in Washington jailed Mr Rufai on Monday for wire fraud and aggravated identity theft. With the stolen identities, he attempted to […]
LAGOS JUNE 30TH (NEWSRANGERS)-The House of Representatives has alleged that more than $10 billion worth of the nation’s crude has been stolen via fraudulent fuel subsidy claims by the Nigerian National Petroleum Corporation (NNPC) and other industry stakeholders. The parliament has therefore constituted an ad-hoc committee to investigate the petroleum products subsidy regime between 2017 […]
LAGOS MAY 31ST (NEWSRANGERS)-The scope of the ongoing probe of the suspended Accountant-General of the Federation, Ahmed Idris, by the Economic and Financial Crimes Commission (EFCC) has reached N170billion. Idris, who was battling for bail last night, has opened up on some top government officials allegedly involved in some transactions. The EFCC has grilled a […]
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