Tag Archives: Fraud

Folake Sokoya The Police Special Fraud Unit (PSFU), on Monday in Lagos, announced the arrest of 11 suspected fraudsters, including three bankers with a new generation bank, over N150 million fraud. The unit’s spokesman, ASP Lawal Audu confirmed the arrest to newsmen Ikoyi, Lagos, stressing that two of the suspects were employees of a network service provider. The suspected bankers …

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FG audits 33 agencies, uncovers N450 bn unremitted revenue The Federal Government is set to recover about N450 billion operating surpluses that were not returned by 33 agencies from 2010 to 2015. According to agency report, the Minister of Finance, Kemi Adeousun, made the announcement on Thursday in Abuja at a news conference. She said that an audit had been …

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The Senate has announced the engagement of international forensic experts to probe the involvement of Minister of Trade and Investment, Okechukwu Enelamah, Diamond Bank and IBTC Bank, among others in a case of alleged repatriation of $13.9 billion by telecoms giant, MTN. Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Sen. Rafui Ibrahim (APC, Kwara) disclosed …

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SEC Bans Two From Capital Market For Life The Securities and Exchange Commission (SEC) in the exercise of its powers under Section 13 of the ISA, 2007 investigated complaints against WT Securities Ltd. and its Directors (Mr. Taofik Lawal and Mrs. Iyabode Lawal) and found them culpable of mismanaging the stocks of Mrs. Opral Mason Benson, and the unauthorized sale …

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