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: business fraud Nigeria
Woman invests N650k in solar for drinks business, not home
A Nigerian businesswoman's decision to install a N650,000 solar system to power her cold drink freezer, rather than renovate her old house, has ignited a major debate online. Discover the full story and public reactions.
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.
Onaiyekan faults FG's anti-corruption drive, warns of poverty
Cardinal John Onaiyekan criticises the Tinubu administration's handling of corruption and the economy, warning of rising poverty and youth despair. He calls for genuine electoral reform ahead of 2027.
Baze University Wins 2025 CGMA Business Leader Challenge
Baze University, Abuja, has won the 2025 CGMA Business Leader Challenge, defeating Covenant and Thomas Adewunmi University. Read about their victory and the competition's goals.
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.
US Embassy: Visa Fraud Can Cause Permanent Ban for Nigerians
The US Embassy in Abuja warns Nigerians that falsifying visa applications can result in a permanent travel ban. Learn the severe consequences under US immigration law.
SIAO Partners: Navigating Nigeria's Business Challenges
Discover how SIAO Partners, led by Abiodun Ariyibi, provides expert audit, tax, and advisory services to help Nigerian businesses achieve sustainable growth despite regulatory and economic hurdles.
US Embassy Warns Nigerians: Visa Fraud Leads to Permanent Ban
The US Embassy in Abuja warns Nigerian visa applicants that falsifying documents or lying can result in a permanent entry ban. This comes as Ambassador Mills meets Minister Tuggar to strengthen bilateral ties.
Land Grabbing May End in Rivers with New Community Committee
Alesa community in Rivers State inaugurates a Land Development Committee to combat land grabbing and fraudulent sales, backed by the state government and traditional ruler. This new system aims to protect investors and ensure secure land transactions.
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.
Africa's Leaders Converge for GAH Awards & Business Summit
Ooni of Ife, ministers, governors & titans of industry gather in Lagos for the 13th GAH Awards & Business Summit to 'reimagine Africa' through innovation and sustainable growth. Join the movement.
Kaduna Emerges Second-Best State for Business in Nigeria
Kaduna State scores 65.1% in PEBEC's 2025 Ease of Doing Business ranking, becoming Nigeria's second-most attractive investment destination. Discover the top states.
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.
SEC Alerts Public on Unregistered Glorious Wealth Fund
Nigeria's SEC warns against investing with Glorious Wealth Fund (GWF), an unregistered platform. Investors report inability to withdraw funds. Verify companies on SEC portal to avoid fraud.
Lagos Roundtable to Probe 2026 Business Strategy Shifts
Senior executives will gather in Lagos on December 18 for a strategic roundtable to navigate 2026's economic pressures, policy changes, and capital management challenges. Join the dialogue.
SEC Flags Glorious Wealth Fund as Unauthorised
Nigeria's SEC warns against Glorious Wealth Fund (GWF), an unlicensed online investment platform. Learn the red flags of Ponzi schemes and how to protect your money.
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.
Lagos Tops 2025 Nigeria Business Environment Rankings
PEBEC's 2025 reports reveal Lagos, Kaduna, and Oyo as Nigeria's top states for business. Discover key reforms and federal agency rankings driving investment climate improvements nationwide.
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.
CAC Warns Public About 15 Fake Companies in Nigeria
The Corporate Affairs Commission (CAC) has flagged 15 fraudulent companies using fake RC numbers. Learn the full list and how to protect yourself from corporate scams.
Nigerian Lady Builds Business Place from Scratch, Video Viral
A young Nigerian entrepreneur's joy after building her business place from the ground up has inspired many. Watch the transformation and see the reactions. #SuccessStory #Nigeria
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.
SEC to Freeze Accounts of Ponzi Scheme Promoters
Nigeria's SEC vows to freeze accounts and seal offices of Ponzi promoters, warning of N316bn losses. Learn how to spot and avoid illegal investment scams.
Barber's Shop Demolished After Huge Investment
A Nigerian businessman's fully-equipped barbing salon was demolished after months of work, leaving him devastated. He blames a terrible access road and a difficult landlord.
PSC Alerts Public to Fake Police Recruitment Portal
The Police Service Commission warns citizens about a fake recruitment portal circulating on social media. No official recruitment is ongoing. Learn how to spot scams and rely on verified channels.
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.
US Woman Funds Ghanaian Partner's Poultry Farm
An American woman moves to Ghana to support her boyfriend's poultry business, sparking mixed reactions online about investing in relationships.
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