How hackers fraudulently withdrew N752m from UBA

An auditor with United Bank for Africa (UBA) Plc, Ojo Oladimeji, has told a Federal High Court, Lagos, how suspected fraudsters hacked into the bank’s server and fraudulently withdrew N752 million from the account of the Flour Mills of Nigeria Plc, domiciled with his bank. Oladimaji made sterling revelation on Tuesday, while giving evidence in a criminal charge filed against one of the alleged hackers, Ola Lawal, a.k.a Lawal Roland, who is standing trial on alleged fraud of N46 million, brought against him by the Economic and Financial Crimes Commission…

Read More

NCAA begins demolition of Globacom, UBA, GTB, Unity Bank, Sterling Bank, others masts

.. As 30 days ultimatum elapses The Nigerian Civil Aviation Authority (NCAA) is set to commence demolition of telecommunication masts of Globacom Nigeria Limited, United Bank of Africa, Guaranty Trust Bank, Unity Bank, Sterling Bank masts. Others are Union Bank masts, First City Monument Bank, Fidelity Bank and and Access Bank in different locations within Nigeria . A statement signed by the general manager public relations of NCAA, Sam Adurogboye said the demolition exercise will similarly affect some banks and financial institutions who have discountenanced the Authority‚Äôs regulatory requirements on…

Read More

EFCC arraigns 7 over N148.3m fraud

Six men and a limited liability company, were today, Tuesday October 30 arraigned before a Federal High Court, Lagos, by the Economic and Financial Crimes Commission (EFCC) over alleged N148. 302 million fraud. Those arraigned before Justice Babs Kuewumi by the EFCC on the alleged fraud are : Alimi Haruna, Momouda Mohammed, Shittu Muideen, Akpojaro Amos, Joga Yusuf, Duru Patrick, and Ashmina Oil and Gas Limited. The accused persons were charged before the court on charges bordering on conspiracy, money laundering, unlawfully retaining proceed of illicit act, obtaining huge amount…

Read More