An Abuja-based auto dealer, Collins Masadey, is presently cooling off in one of the prisons in the city for allegedly presenting a dud cheque to one of his clients. Masadey, who runs Coomy Automobiles Limited in Abuja, was dragged to an Abuja High Court by the Economic and Financial Crimes Commission, EFCC, on Thursday, November…
The Kebbi State Accountant-General, Mohammed Arzika Dakingari, was arraigned on Friday, November 7, 2014, before Justice Sabiu Bala of Kebbi State High Court, Birnin-Kebbi on a 20-count charge bordering on conspiracy, obtaining by false pretence and abuse of office. Dakingari was taken to court by the Economic and Financial Crimes Commission, EFCC, alongside the Managing…
The accused persons Justice Ayo Emmanuel of a Federal High Court sitting in Ibadan, Oyo State, has remanded the Director-General of the International Institute of Tropical Agriculture, IITA, Ibadan, Professor Benjamin Adefemi Ogunbodede, and three others in Agodi prison in Ibadan. The quartet were arraigned on Thursday, October 30, 2014 by the Economic and Financial…
*Gov Obiano, Reginald Ihejiahi Named As Accomplices A former employee of Fidelity Bank Plc has unearthed a fraud allegedly carried out by the present governor of Imo State, Willie Obiano, while he was one of the bank’s directors. Also fingered in the mess is the former Managing Director of the bank, Reginald Ihejiahi. In a…
Former Speaker of the House of Representatives, Dimeji Bankole, on Friday, February 14, 2014, was “discharged and acquitted” by a Federal High Court siting in Abuja of any complicity in all corruption charges brought against by the Economic and Financial Crimes Commission, EFCC. An emotional Bankole burst into tears after the judgement was read by…
Kano-based Abdulkadir Mohammed has been convicted and sentenced to nine years imprisonment for attempting to defraud a retired army General, Garba Ali, of the sum of N14 million in land deal. Mohammed was sentenced by Justice Fatu Riman of the Federal High Court Kano, Wednesday, January 29, 2014. He was sentenced with an option of…
**Staffers In Robbery, Fraud Scandals One of the biggest headaches in the banking sector in Nigeria is tackling frauds. While some banks are already winning the war against external frauds, few banks like Diamond Bank, is still battling with its internal frauds. If the bank cannot win the battle against its internal fraud, what becomes…