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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. …

Understanding Dormant Bank Account

Understanding Dormant Bank Account

A dormant account can also generate debt. This is because it is still subject to fees, maintenance charges and other charges the bank may levy while you were using the account
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Fraud cases by bank staff rises — NDIC

Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017. Mr Mohammed Ibrahim, Head, Communications and Public Affairs of NDIC, said in a statement in Abuja on Sunday that the figure was in the organisation’s recent reportRead More
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IFC: Nigeria contributes to $42.6tr emerging market bank assets

IFC: Nigeria contributes to $42.6tr emerging market bank assets

Global Progress Report on Sustainable Banking Network says Nigeria remains a major contributor to the $42.6 trillion bank assets by 34 emerging markets. The report released by the International Finance Corporation (IFC) of the World Bank Group, said the figure represented more than 85 per cent of the total bank assets in emerging markets inRead More
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