Category : Search result: Nigerian banks fraud cases 2025


Russian court fines Austrian bank Raiffeisen $400m

A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.

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.

CBN Withdraws Licenses of Two Mortgage Banks

The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Union Homes for regulatory breaches. Discover the full story and what it means for Nigeria's financial sector.

CBN Revokes Aso Savings, Union Homes Licences

The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for failing to meet capital requirements. Learn the full details and implications for Nigeria's mortgage sector.

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.

Over 10,000 GBV Cases Recorded in Nigeria in 2025

The Federal Government disclosed 10,326 gender-based violence cases from Jan-Sep 2025. A new digital dashboard and emergency fund aim to combat the surge, especially online violence.

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.

Nigerians, Sudanese Sentenced in US Romance Scam Case

Two Nigerian men and a Sudanese woman have been sentenced to over 20 years combined for a romance scam that caused a retired American teacher's suicide. Read the shocking details of the elaborate fraud.

DNA Shock: Woman Begs Man After 3 Kids Aren't His

A viral video captures a woman begging her partner after DNA tests confirmed he is not the biological father of her three children. She pleaded, "Mistakes happen." Watch the full story unfold.

CIBN Launches Ethics Summit on International Day of Banks

The CIBN has announced a new Annual Ethics and Professionalism Summit, aligning with the UN's International Day of Banks on December 4th. Discover how this initiative aims to strengthen trust and sustainable finance in Nigeria's banking sector.

CIBN marks 2025 International Day of Banks

The Chartered Institute of Bankers of Nigeria commemorates the UN day, highlighting banks' role in sustainable development and cybersecurity amid rising digital threats. Read more.

414 Mpox Cases, 6 Deaths in 33 Nigerian States

Health experts raise alarm as NCDC confirms 414 Mpox cases and six deaths across 33 states. Stakeholders call for stronger surveillance, vaccination, and public education to curb the persistent spread.

Nigerian fraud mastermind gets 20 years in US prison

Oluwaseun Adekoya, a Nigerian national, has been sentenced to 20 years for orchestrating a massive bank fraud and money laundering conspiracy across the United States. Read the full details of the sophisticated scheme.

16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

Bauchi Records 75 Homicides, 86 Rape Cases in 2025

Bauchi State Ministry of Justice reveals shocking crime statistics for 2024-2025 legal year. 75 homicide, 86 rape, and 28 kidnapping cases recorded. Read the full report and state's response.

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