Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned Prince Chibuike Echem, the CEO of Bondpay, and Danjuma Mohammed, the former National Coordinator of the Multi-Sectoral Crisis Recovery Project (MCRP) …

The Economic and Financial Crimes Commission (EFCC) has arraigned Danjuma Mohammed, a former project coordinator at the North East Development Commission (NEDC), and Prince Chibuike Echem, an Abuja socialite, over …

British prosecutors on Tuesday accused Diezani Alison-Madueke, the first woman president of OPEC, of enjoying a “life of luxury” from bribes taken when she was Nigeria’s oil minister.     …

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.     …