The Federal Bureau of Investigation (FBI) has released alarming findings on the rise of cryptocurrency-related cybercrime, revealing that investment scams accounted for $5.8 billion, more than 50% of all reported crypto losses in 2024.
The Bureau of Public Procurement (BPP) has denied being aware of, or having knowledge of, a split contract awarded for the construction of the Katsina airport terminal building and apron during the tenure of former Minister of Aviation Hadi Sirika.
The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate, have disclosed the arrest of 28 alleged ponzi scheme operators in Minna, Niger State.
The Nigeria Inter-Bank Settlement System (NIBSS) has reported that approximately N400 million was stolen by fraudsters through financial accounts opened with stolen identities in 2024.
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank Settlement System (NIBSS).
The Economic and Financial Crimes Commission (EFCC) has returned a total of $120,548.43 and N70,602,841.46 to American, Spanish, and Swiss nationals who fell victim to fraud schemes perpetrated by Nigerian fraudsters.
The Immigration, Refugees, and Citizenship Canada (IRCC) has released draft regulations aimed at reforming the immigration consulting industry in Canada.
The Economic and Financial Crimes Commission (EFCC) has arrested five officials of the Katsina State Board of Internal Revenue for allegedly diverting N1,294,337,676.53 belonging to the Katsina State Government.
Deposit money banks in Nigeria sacked 49 employees due to their involvement in fraudulent activities between April and June this year.
As Nigeria's financial industry experiences rapid growth, driven by the widespread adoption of mobile phones and increased internet penetration, it also confronts a significant and escalating challenge of cybercrime.
The Federal High Court Abuja has refused to suspend the N80.2 billion fraud case instituted against former Kogi state governor, Yahaya Bello, by the Economic and Financial Crimes Commission (EFCC).
Commercial banks in Nigeria sacked 35 of their employees between January and March this year over their involvement in fraud.
