February 2021

A couple, Ebiesuwa Abayomi Fredrick and his wife, Tinuola Idayat Oyegunle,  have been sentenced to 40 years imprisonment each. Justice Joyce Abdulmalik of the Federal High Court sitting in Ibadan, Oyo State on Monday, February 15, 2021 found them guilty on all four counts of conspiracy and obtaining by false pretence brought against them by […]

*Chinwendu Azuonwu, 39, appeared in a Houston court on Tuesday after he and Basil Amadi, 29, were charged with money laundering *According to Harris County prosecutors, the two men scammed a 63-year-old woman out of $100,000 after tricking her into believing they were Bruno Mars Nigerians scammed a Texas woman, 63, who believed she was dating

•Insists restrictions to safeguard Nigerians, financial system •Lists inherent risks •To block accounts with suspicious transactions •BDC operators, groups back Emefiele on transactions’ ban Obinna Chima in Lagos and Udora Orizu in AbujaThe Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention

Cryptocurrency Ban: Every Medium Of Exchange Is Subject To Fraud And Criminality – Moghalu  Former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has criticized the apex bank’s reason for stopping cryptocurrency transactions in the country, IgbereTV reports. CBN had in a statement released on Sunday February 7, said it banned cryptocurrency

The Federal Government has stated arrangements are ongoing to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The Minister of Communications and Digital Economy Dr Isa Pantami, who disclosed this to newsmen shortly after a tour of telecoms operators and NIN licensees in Abuja, said President Muhammadu Buhari has been briefed

A suspect traveling from Benin to Abuja, arrested with five pistols and live ammunitions in a Toyota Tacuma at Oguda Bridge, along Okene-Auchi Road, WonderTV media reports. WonderTv media learnt that the suspect was traveling to Abuja from Benin in a Toyota Tacoma when he was intercepted by the police. The police officers found five

The Akwa Ibom State Police Command has arrested a suspected fraudster identified as Emeka Akuma, who bought a Lexus 330 Salon car with fake bank alert at Festac town in Lagos state and escaped with the vehicle to Uyo, IgbereTV reports. Spokesperson of the command, SP Odiko MacDon, who disclosed this in a statement on

Operatives of the Uyo zonal office of the Economic and Financial Crimes Commission, EFCC on February 3, 2021 arrested one Edidiong Emmanuel Inyang, a fake medical doctor who specialize in employment scam.  He was arrested along Ritman University Road, Ikot Ekpene, Akwa Ibom State. Inyang ran into trouble when his brother-in-law, one Charles Bassey Udonde,

3 Young Men Caught While allegedly Trying to Sacrifice a Young Girl For Money Ritual In Edo Luck disappeared after three suspected ritualists get to the end of the road, the three  were apprehended in Igueben Local Government Area of Edo State. They were apprehended while trying to make use of a girl for money

Christine Lagarde: Bitcoin facilitates questionable transactions •Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN •FG alarmed kidnappers had switched to bitcoin for ransom payments Tobi Soniyi in Lagos and Chuks OkochaMore facts have emerged on why the Central Bank of