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The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
As part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema.
A warrant of arrest has been issued against Allen Onyema of Air Peace Limited for alleged money laundering and bank fraud in the United States, court documents showed.
British lawmaker Peter Hain said corruption under South Africa’s former president Jacob Zuma was enabled by international banks, companies, and governments which should now seek to recover the loot they helped to launder.
Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
The International Monetary Fund on Monday said Lebanon should urgently implement reforms to restore confidence and economic stability as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
The Nigeria Labour Congress (NLC), Delta chapter, has started to shut offices and schools in Asaba ahead of the planned strike over delay to implement the new minimum wage.
The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.
Addressing journalists at the end of the meeting, Managing Director of Citi bank, Mr. Akin Daudu, stated that the banks performed the feat following the Central Bank’s directive that they increase their lending to deposit ratio to 60% by the end of September.
The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.
Banks are rejecting high interest-yielding deposits as they countdown to the Central Bank of Nigeria (CBN) policy mandating them to give out at least 60 per cent of their deposits as loans or be sanctioned, it was learnt on Monday.
The Nigeria Security and Civil Defence Corps (NSCDC), Borno Command, rrested eight suspects who specialise in forging school certificates and security documents.
Banks, government offices and other establishments in Osun were under not open for business on Tuesday, as workers observed public holiday declared by the state for the celebration of traditional religion or “Isese’’ Day.
Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.
‘Those individuals are often members of transnational criminal organizations, which originated in Nigeria but have spread throughout the world. Fraudsters can rob people of their life’s savings in a matter of minutes’ the Federal Bureau of Investigation has said.
The Abuja Division of the Federal High Court, on Friday, froze six separate bank accounts that were linked to the former Governor of Zamfara State, Abdulazeez Yari, following an ex-parte motion that was filed by the Federal Government.
Gov. David Umahi of Ebonyi on Friday, presented a budget of N178.1 billion for 2020 to the state House of Assembly.
The National Chairman of All Progressives Congress (APC), Adams Oshiomhole, has denied reports that he was placed under house arrest in Edo.
The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on December 14 and 15 due to maintenance of its facility. .
Sunshine Stars head coach Kabiru Dogo may dump the Akure club in the coming days, revealed a source close to the gaffer.
Super Eagles striker Victor Osimhen missed a late penalty but it was not enough to prevent Lille from beating visiting Montpellier 2-1 On the French Ligue 1 on Friday night.
Femi Adesina, presidential spokesman, says as a sovereign nation, Nigeria is not be bothered about the reports from the United States, United Kingdom and European Union as regards abuse of human rights issues.
The Nigeria Weightlifting Federation (NWF), says it has selected five lifters to represent the country at the 6th International Qatar Weightlifting Cup slated for December 19 to 24 in Doha.
Manchester United star Marcus Rashford reportedly made contact in the past with Barcelona despite his obvious loyalties to his boyhood club.
Apple Inc’s iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Suisse said on Thursday.
Benue State Governor Samuel Ortom has described the death of renown evangelist Reinhard Bonnke as a big blow to christendom and the entire world.