Tag: fraud
Nigerian banks sack 49 employees over fraud in Q2 2024
Commercial banks and deposit-taking financial institutions in Nigeria have sacked 49 employees due to their involvement in fraudulent activities between April and June this...
Fraudulent Tingo CEO fined $250 million in the US
A US federal court has ordered a Nigerian businessman, who last year sought to buy the English football club Sheffield United, to pay more than...
Ecobank $42.4 million fraud, culprits fail to get bench warrant quash
A Federal High Court in Lagos, Nigeria has dismissed the applications by two Indian nationals, Prem Garg and Devashish Garg, and a Briton, Marcus...
MTN Ghana holds ethics and fraud forum for selected stakeholders
MTN Ghana has held a forum for its vendors, suppliers, and business partners in Accra to address ethics and fraud prevention.
This year's forum focused...
Vodacom fires 631 workers and contractors over fraud
Vodacom dismissed 631 workers and contractors for fraud in the year to end-March 2024 after investigating more than 8,000 cases.
“These cases were reported and...
Tingo Group CEO charged with Fraud in the US
The US Securities and Exchange Commission (SEC)Â has filed charges against Dozy Mmobuosi, the CEO of the dodgy Tingo Group, which has an office in...
OPay opens accounts for customers without their consent
Fintech company, OPay, may have some explanations to do to Nigerians and the Federal Competition and Consumer Protection Commission (FCCPC) as many people are...
Visa, Mastercard set to transform payments with fraud busters
Visa’s Digital Authentication Framework (DAF) and Mastercard’s Token Authentication Framework (TAF) are set to transform the payments landscape, particularly in the area of fraud...
FTX founder jailed after revocation of bail
FTX founder and former boss, Sam Bankman-Fried is heading to jail after a judge revoked his $150 million bail package over alleged witness tampering.
Judge...
FTX allegedly planned to buy private island – court documents
Bankrupt FTX Trading’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives revealed new details about the allegations of massive fraud at...