Tags: bank fraud

Bank Fraud: EFCC, CIBN to Intensify Collaboration

The Chartered Institute of Bankers of Nigeria, CIBN and the Economic and Financial Crimes Commission, EFCC have resolved to strengthen their collaboration in tackling corruption in the financial sector. Speaking during a courtesy visit to the EFCC’s headquarters in Abuja on Monday, May 31, 2021, the Chairman of CIBN, Bayo Olugbemi stated that there was…

Multiple Frauds In Fidelity Bank Give Customers Sleepless Nights

Frauds, undoubtedly, cannot be totally taken away in financial institutions as big as Fidelity Bank, but when such becomes rampant, it gives customers several reasons to worry and probably, have their hearts in the mouths. This can probably best describe the situation of things with customers of the financial institution that ironically prides itself as…

Sterling Bank In N3.6b Fraud Scandal, Dupes Buhari’s Son

One of Nigeria’s financial institutions, Sterling Bank, is presently swimming in a troubled water. The bank has been accused of defrauding the son of former Head of State, Muhammadu Buhari, Muhammed, of the sum of N3.66 billion. According to a report by Global Village Extra, the younger Buhari was allegedly duped by Sterling Bank. Muhammed…

Union Bank In Slavery Mess, Sacks 137 Staff

Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour. Meanwhile, the bank has recruited another 150…

Fear Grips First Bank Customers Over Alleged Takeover By Tinubu

If you bank with First Bank of Nigeria Plc, this is the time to be worried and start thinking of withdrawing all the money in your account. Information made available to theoctopusnews.com has it that the duo of All Progressives Congress, APC, chieftain Asiwaju Bola Ahmed Tinubu, and business mogul, Otunba Mike Adenuga, have both…