Fraud

The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians to the recall of Indomie Vegetable Flavour noodles following the discovery of undeclared allergens in the …

A U.S. court has sentenced a Lagos-based Yahoo Boy, Daniel Chima Inweregbu, to prison for his roles in wire fraud and romance scam.   The U.S. Department of Justice, in …

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other …

A United States court has sentenced Oluwaseun Adekoya, a 40-year-old Nigerian resident of New Jersey, to 20 years in prison for orchestrating a sprawling bank fraud and identity-theft scheme that …

A U.S. federal jury on Wednesday convicted a Yahoo Boy, Saheed Sunday Owolabi, of charges bordering on wire fraud, money laundering, and romance scam, according to Peoples Gazette.     …

A UK based Nigerian doctor, Richard Akinrolabu, has been sentenced to three years in prison. His conviction came after he admitted defrauding the NHS out of more than £268,000 after …

The Federal High Court in Abuja has convicted David Udensik, also known as Dr. Jacob Bello, for orchestrating a sophisticated transnational oil scam valued at over $1 million.     …

The Managing Director of Bonghe Microfinance Bank, Grace Andreas Karka, has been convicted and sentenced to five years imprisonment for her role in a N32 million fraud scandal that rocked …

The Federal Government has summoned Nigeria LNG Limited (NLNG), Daewoo Engineering and Construction Nigeria, Saipem Nigeria Limited, and the National Association of Plant Operators (NAPO) over alleged fraudulent deductions and …

The Economic and Financial Crimes Commission (EFCC) has said it is still investigating allegations of corruption against former Delta State Governor, Ifeanyi Okowa, despite his recent defection to the ruling …