Tag Archives: fraud

Woman jailed for N66m fraud in Borno

A Borno woman, Dije Sale has been sentenced to thirty-four years imprisonment. Justice Umaru Fadawu of the State High Court in Maiduguri found her guilty of forgery, use of false document and obtaining N66million under false pretence. The Economic and Financial Crimes Commission (EFCC) prosecuted the case. The convict forged …

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FBI arrests 11 Nigerians over alleged romance fraud

A US federal grand jury has indicted 11 Nigerians for defrauding elderly victims in romance schemes. According to the court document, the defendants preyed on elderly victims, many of whom were widows or divorced. This is as the FBI estimated that more than 20,000 people lost more than $600 million …

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CBN disowns fraudulent loan, investment offers via SMS

The Central Bank of Nigeria (CBN) has dissociated itself from fraudulent messages and videos on social media requesting loan seekers and small business owners to apply for loans purportedly facilitated by the bank. In a statement of disclaimer signed by Acting Director, Corporate Communications, CBN, Osita Nwanisobi, Titled, “Beware of …

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