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Automated Teller Machine

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.
NSCDC

Job seeker loses N1.3 million to ‘scammers’ in Borno

Two suspected fraudsters have been arrested by the Borno Command of the Nigerian Security and Civil Defence Corps (NSCDC) for allegedly defrauding a job seeker of N1.3 million in Maiduguri.

NIBBS: NIP records increase volume of transactions over cheques in Q1

The Nigerian Interbank Settlement System (NIBSS), says the NIBSS-Interbank Payments (NIP) recorded an increase in the volume of transactions in the first quarter of 2019 over transactions made through cheques.

Bank’s e-transactions hit N34 trillion in Q1

A total volume of 557,083,712 transactions valued at N34.02tn were recorded in Q1 2019 as data on Electronic Payment Channels in the Nigeria’s banking sector.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC nabs ATM fraudster in Benue

The Economic and Financial Crimes Commission, Makurdi zonal office, on Saturday, said it arrested one Ikechukwu Sunday Onovo, suspected to be an Automated Teller Machine fraudster, in the state.
TO GO WITH AFP STORY BY MIKE SMITH Joint Military Task Force (JTF) spokesman Lt.Col. Onyema Nwachukwu speaks on illegal oil refineries and miltary operations to dislodge oil thieves in Bayelsa State of Niger Delta on April 9, 2013. Shell Development Company of Nigeria (SPDC) had threatened to shut down production in April for nine days in the entire Nembe Trunk Line to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. Since 2009, SPDC has experienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation and forcing the company to lose 60,000 barrels daily this year. AFP PHOTO/PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

DHQ: Operations to combat terrorism has recorded success

The Defence Headquarters (DHQ) says ongoing military operations to combat terrorism, banditry and economic sabotage has recorded some successes in the last one week.

UTME: JAMB bans ATM cards, watches, key holders

The Joint Admissions and Matriculation Board has listed at least 19 items which it said remained prohibited for the over 1.8 million candidates taking the 2019 Unified Tertiary Matriculation Examination.

Police nab alleged armed robber withdrawing money with victim’s ATM card

The Police Command in Enugu State has arrested an alleged armed robbery suspect while withdrawing money with a victim’s Automated Teller Machine (ATM) card within Enugu metropolis.

Police dislodge two robbery suspects in Enugu

The Police Command in Enugu State has dislodged two suspected armed robbers in Oji River and its environs.

ATM records N39.15trn transactions in Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.

CBN, SEC grant approval in principle to Access, Diamond Banks’ merger

Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria and the Securities and Exchange Commission on their proposed merger plans.

Enugu residents lament difficulties in withdrawing money from ATMs

Residents of Enugu metropolises have expressed dismay over difficulties encountered in accessing money through Automated Teller Machine (ATM) during the Yuletide season.
President Buhari commissions Portharcourt International Airport Terminal Building in Rivers State on 25th Oct 2018 9

FAAN initiates 150 projects in 19 Nigerian airports

There are no fewer than 150 investment opportunities in 19 of the Nigeria’s airports, a document obtained by our correspondent has revealed.

Court remands teenager for stealing N1.3 million from visually impaired man

A Chief Magistrates’ Court in Yaba, Lagos, on Wednesday remanded a 17-year-old boy in a juvenile home for allegedly stealing an Automated Teller Machine (ATM) card belonging to his visually impaired neighbour and withdrawing N1.3 million from the neighbour’s account.
Nigeria Police

Police apprehend ATM fraudster in Anambra

The Police Command in Anambra on Thursday said a suspect, Obinna Okafor, 30, had arrested over alleged Automated Teller Machine (ATM) fraud.

Ex-bank worker arrested for allegedly stealing N14 million

The Police Command in the FCT has arrested Emmanuel Onuma, 34, for allegedly stealing N14 million from a new generation bank’s Automated Teller Machine (ATM) lobby in Abuja.
Nigeria Police

Suspect: I hack into bank accounts with ease

A 23-year-old man, Olalekan Ayoola, yesterday told police in Lagos how he hacked into people’s bank accounts with a software application to withdraw money.

Man steals friend’s ATM card, withdraws N49,000 of N50,000

An Ikeja Magistrates’ Court will on Thursday sentence a 26-year-old businessman, Richard Chukwu, who pleaded guilty to stealing his associate’s Automated Teller Machine (ATM) card to withdraw N49,000 out of N50,000 in his bank account.

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Banco BTG Pactual SA

Nigerian oil field sale triggers police raid on Brazil’s largest bank

Brazil’s federal police on Friday raided the headquarters of Latin America’s largest independent investment bank, Banco BTG Pactual SA, and the addresses of its founder Andre Esteves, federal prosecutors said in a statement.

Minimum wage negotiations to continue September 4

The Joint National Public Service Negotiating Council (JNPSNC), and representatives of the Federal Government will reconvene on Sept. 4 to continue negotiations on the new national minimum wage.

Ministry speaks on video showing ‘harassment’ of foreign affairs minister in Vienna

The Ministry of Foreign Affairs has dismissed a video that has gone viral on social media showing the Minister of Foreign Affairs, Geoffrey Onyeama, being chased out of a meeting in Vienna, Austria.
The Nigeria Immigration Service (NIS) generated N39.06 billion in 2018 as against N35.72 billion it generated as local revenue in 2017, the National Bureau of Statistics (NBS) said.

NIS commences e-registration of immigrants

Zone ‘A’ headquarters of the Nigeria Immigration Service, NIS Ikeja, Lagos, has kicked off the e-registration exercise of migrants in line with the Federal Government directive.
Vehicles seized by the military for transporting Boko Haram insurgents’ fishery products to Maiduguri markets

Nigerian Army: Boko Haram engaging in fishery trade to fund insurgency

The Nigerian Army has warned traders and Borno communities against engaging in illegal fishery trade with Boko Haram insurgents.