Two Nigerian nationals, Solomon Aluko and Nosakhare Nobore, alongside four others, have been indicted in the United States for orchestrating a sophisticated $50 million fraud scheme...
Nigerian banks recorded a N52.26 billion loss to fraud in 2024, according to the latest Nigeria Inter-Bank Settlement System (NIBSS) Fraud Report. This represents a 196...
Law enforcement authorities have intensified efforts to combat financial crimes as 1,088 suspects were arrested and N142,261,254,228.80 and $11,450,000 recovered in separate operations carried out in...
The Central Bank of Nigeria (CBN) has said no going back on the cybercrime levy imposed on all electronic transactions. In fact, in its new guidelines...
In a shocking turn of events, a 27-year-old woman, Oluchi Nzemechi, has been arrested for allegedly stabbing her boyfriend, Kelechi Nzemechi, to death over a disagreement...
The International Monetary Fund (IMF) has disclosed that financial institutions worldwide have lost to$12 billion due to cyberattacks over the past 20 years. This revelation comes...
Interswitch, the renowned payments infrastructure giant in Africa, has initiated a comprehensive fund recovery operation following a crippling system glitch that led to a loss of...
Mixin Network, a prominent decentralized wallet service provider, has been rocked by a massive security breach resulting in a loss of $200 million. The breach, attributed...
A recent report by the Financial Institutions Training Center (FITC) has exposed a staggering surge in fraud cases. These nefarious activities have collectively drained an alarming...
The Nigeria Inter-Bank Settlement System (NIBSS) announced a substantial loss of approximately N9.5 billion within the banking sector for the year 2023. The disclosure was made...