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Experts link rising bank fraud to weak controls, poverty

Experts link rising bank fraud to weak controls, poverty

FINANCIAL sector experts have blamed the rising incidences of insider-related fraud cases in banks on poverty and weak internal control measures in banks. Recall that the Nigeria Deposit Insurance Corporation, NDIC, in a recent statement disclosed that fraud cases attributed to internal abuse by banks’ staff rose by 39 percent to 320 in 2017 from 231 in 2016.
The post Experts link rising bank fraud to weak controls, poverty appeared first on Vanguard News. …

Yahoo Plus Boy, Fraudster Uses Juju To Hack Into EcoBank Mobile App, Withdraws N207 Million

Yahoo Plus Boy, Fraudster Uses Juju To Hack Into EcoBank Mobile App, Withdraws N207 Million

Yahoo Plus Boy, Internet Fraudster Uses Charm To Hack Into Ecobank Mobile App, Withdraws N207 Million A suspected internet fraudster, James Nwagalezi, was on Thursday arraigned before a Lagos Magistrate’s Court for allegedly conniving with Okoli Nmesoma, already facing trial, to hack into the mobile app account of Eko Bank

28-yr-old man hacks into bank’s app, steals N207m

Lagos—A 28-year-old suspected fraudster, James Nwagalezi, was yesterday, arraigned before a Lagos Magistrate’s Court for allegedly conniving with Okoli Nmesoma, already facing trial, to hack into the mobile app account of Eko Bank Plc and unlawfully withdrew N207 million.
The post 28-yr-old man hacks into bank’s app, steals N207m appeared first on Vanguard News. …

NOVA Bank returns profit in 1st year

NOVA Merchant Bank Limited, one of the new merchant banks licensed by the Central Bank of Nigeria, CBN, with a focus on wholesale banking, investment banking and asset management, has reported a profit of N510.6 million in its first full year of operations.
The post NOVA Bank returns profit in 1st year appeared first on Vanguard News. …

Armed Robbery Attack At Union Bank In Ilawe Ekiti Claims 2 Today

Armed Robbery Attack At Union Bank In Ilawe Ekiti Claims 2 Today

At least two people die today when some dare devil robbers attacked a branch of Union bank in Ilawe Ekiti, Ekiti South LGA of Ekiti state. According to residents, 2 people died in the operation which lasted for 90 minutes. A worker at the bank escaped with gunshot wound while

Man Who Lost Wife To Zenith Bank Manager Abraka Kingsley Okudide Recounts Ordeal

Man Who Lost Wife To Zenith Bank Manager Abraka Kingsley Okudide Recounts Ordeal

Heartbroken Man Exposes Cheating Wife Who Sent Naked Photos To Zenith Bank Manager At DELSU Abraka Wife Dumps Husband After Securing Job At Zenith Bank Delsu Abraka..Heartbroken Man Cries Out A jilted man identified as Mr. Arhamerene has been forced to narrate the ordeal of his broken marriage through social

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