Ngige Granted Bail in ₦2.2bn Fraud Case
Former Labour Minister Chris Ngige has been granted bail by an FCT High Court in his ₦2.2 billion contract fraud trial. The court set strict conditions for his release. Read the full details.
Category : Search result: NCDMB fraud
EFCC Arrests 5 'Babalawos' With Counterfeit $3.4M, €280K
Nigeria's EFCC arrests five herbalists in Osun and Lagos for fraud involving counterfeit dollars and euros. Suspects promised spiritual currency conjuring. Full story.
Romance Fraudster Jailed 17 Years for £1M Scam
Nigel Baker, 56, tricked single mothers out of over £1M for his gambling. He promised marriage but exploited their trust. Read the shocking details.
PEBEC 2025 Report: Top and Bottom Performing MDAs Revealed
PEBEC's 2025 BFA report reveals a sharp divide: NCDMB, NDLEA, and NCC excel, while ARCON and NIMC lag. Discover which agencies are driving—or hindering—Nigeria's business climate.
Nigerian Sentenced to 20 Years in US for Major Fraud
Oluwaseun Adekoya, a Nigerian resident in New Jersey, has been sentenced to 20 years in a US federal prison for masterminding a sophisticated $2 million identity theft and bank fraud operation. Read the full details of the multi-state scheme.
Lagos Named Nigeria's Most Business-Friendly State
Lagos State leads Nigeria's 2025 Subnational Ease of Doing Business ranking with an 85.6% score. Discover the top states and federal MDAs driving reform.
Nigerian Sentenced to 60 Months for $1.3m COVID Fraud
Nosa Edokpaigbe, a Nigerian national, has been sentenced to 60 months in a US federal prison for a $1.4 million COVID-19 relief fraud scheme. He will be deported after serving his term. Read the full details.
Imemba: Nigeria Must Focus on Net Value, Not Just Local Content %
TotalEnergies Nigeria's Obi Imemba calls for a strategic pivot in implementing Nigeria's local content law, advocating for maximizing net value retention over rigid percentage targets. Read his full proposal.
CBN's New 72-Hour Rule for Reporting Fraudulent Transfers
The Central Bank of Nigeria's new draft guidelines mandate a 72-hour window for reporting suspicious transfers to qualify for refunds. Learn what this means for your digital banking security.
CBN Sets 72-Hour Deadline for Banks to Refund Fraud
The Central Bank of Nigeria issues strict new rules forcing banks to refund fraud victims within 16 days. Learn how this impacts you and the fight against financial crime.
NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Witness: Sylva Gave Verbal Order for $13.45m NCDMB Payment
An EFCC witness reveals ex-Minister Timipre Sylva's verbal instruction led to a $13.45m payment in a $35m NCDMB fraud case. The Brass refinery project remains abandoned. Read the full details.
NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Trump Commutes Sentence of $1.6B Fraud Executive
Outrage as US President Donald Trump frees David Gentile, who defrauded 17,000 investors of $1.6bn, after only 12 days in jail. Read the shocking details.
Court dismisses N1bn fraud case against MTN ex-staff
Lagos High Court acquits MTN ex-staff and contractor in N1bn fraud case after settlement. EFCC ordered to return seized assets and properties immediately.
Okorocha's Niece Charged in N17m Land Scam
Uche David Obinali, niece of ex-Governor Rochas Okorocha, faces fraud charges for an alleged N17 million land scam in Abuja. She pleaded not guilty and was granted bail. Read the full details.
Nigerian Man Convicted in US Romance Scam
Saheed Sunday Owolabi, a Nigerian man, faces 40 years in US prison for wire fraud and money laundering in romance scams. Read the full story of the cyber fraud conviction.
50 Youths Equipped with Advanced Safety Skills by NCDMB
NCDMB and Bellazir Limited have empowered 50 Nigerian youths with industry-ready skills in fire alarm, gas detection, and access control technologies to boost industrial safety and create jobs.
Nigerian sentenced for $290K COVID-19 fraud in US
Temitope Bashua, 29-year-old Nigerian, sentenced to 30 months in US prison for $290,000 COVID-19 relief fraud scheme. Learn details of the case and consequences.
Son hid mum's body, stole her pension for 3 years
A 56-year-old Italian man concealed his mother's body for three years while impersonating her to collect her pension, pocketing €55,000 annually. Read this shocking true crime story.
Nigeria, Tech Giants Remove 28M Fraud Accounts
Federal Government collaboration with Google, LinkedIn, TikTok results in removal of 28 million Nigerian accounts and 58.9 million contents in anti-fraud campaign. Learn about the digital security partnership.
Nigerian lawmakers investigate rising POS fraud cases
House of Representatives investigates escalating POS fraud reaching N52.26bn. Committee reveals security breaches, cloned terminals, and urgent need for regulatory framework. #POSFraud #FinancialSecurity
UK, Canada, Australia Launch Joint Visa Fraud Campaign
The UK, Canada & Australia launch #FightingVisaFraud to protect applicants from criminal networks. Learn how to avoid scams and apply safely.
Tech Giants Deactivate 28M Nigerian Fraud Accounts
Google, LinkedIn and TikTok removed over 28 million Nigerian accounts linked to fraud and harmful content in one year. Learn how this affects online security.
Reps Committee Raises Alarm Over POS Fraud
House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.
US Warns Nigerians of Fake Jobs and Visa Scams
The US Mission in Nigeria warns citizens about sophisticated fake job and visa scams. Learn how to spot fraud and protect yourself from losing money.
Former Anchor Sentenced in Massive COVID Fraud Case
Disgraced ex-TV anchor Stephanie Hockridge sentenced to 10 years for multi-million dollar COVID fraud scheme. Ordered to pay $64M restitution for fake PPP loans.
ATM scammer beaten by angry mob in South Africa
A suspected ATM card scammer was brutally beaten by shoppers in Tongaat after targeting bank customers. His accomplices fled the scene. Read full details.
INEC Probes PDP Signature Forgery in Ekiti Crisis
INEC investigates forged documents claiming PDP election postponement. Commission alerts public about fake correspondence, vows prosecution. Read full details.
Napoli President Trial for Osimhen Transfer Fraud
Napoli president Aurelio De Laurentiis risks jail time as he stands trial for alleged false accounting in Victor Osimhen's 2020 transfer. Trial begins December 2026.
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