LAGOS JANUARY 15TH (NEWSRANGERS)-In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s…
LAGOS OCTOBER 11TH (NEWSRANGERS)-Internet fraudsters popularly called yahoo boys are suspected to have cleared all the money in the bank account of a Kogi civil servant , Mallam Ibrahim Zakari in Lokoja at the weekend. City and Crime gathered on Tuesday that the incident happened when the victim who works in the Ministry of Water…
LAGOS MAY 4TH (NEWSRANGERS)-A driver, Sunday Tanko, on Thursday, appeared before a Kaduna Magistrates’ Court for alleged theft of his employer’s Automated Teller Machine (ATM) card and N750, 000. Thirty-four-year-old Tanko, who resides in Barnawa, Kaduna, is facing a count charge of stealing. He, however, pleaded not guilty. The prosecutor, Insp Chidi Leo, told the…
LAGOS FEBRUARY 17TH (NEWSRANGERSThe United Kingdom, through its Foreign, Commonwealth and Development Office, has issued safety advisories to its citizens in Nigeria and those travelling into Nigeria following the Central Bank of Nigeria naira redesign policy. In its updated advisories on Wednesday, the country urged its citizens in Nigeria and those travelling into the country…
LAGOS DECEMBER 15TH (NEWSRANGERS)-The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. This came about three weeks after the President, Major General Muhammadu Buhari (retd), unveiled the new bills at a weekly Federal Executive Council meeting in Aso Rock…
LAGOS DECEMBER 8TH (NEWSRANGERS)-Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy. The monetary policy, which applies to ATMs, banks and cash back from purchases, follows the launch of the West African nation’s newly designed…
LAGOS MARCH 31ST (NEWSRANGERS)-The Kano Command of the Economic and Financial Crimes Commission, EFCC, has arrested grandson for allegedly leading of friends to defraud his grandmother the sum of N15, 708,904( Fifteen Million, Seven Hundred and Eight Thousand, Nine Hundred and Four Hundred Naira) belonging to a grandmother. The suspects: Badaru Munir (23); Aliyu Falalu…
LAGOS JANUARY 22ND (NEWSRANGERS)-Nollywood actress, Chizoba Nwokoye, has taken to social media to call out her PA, Success Bright, for allegedly stealing her car, all the money in her bank account and taking over monetized YouTube account. Taking to her Instagram page to call out the suspect amid tears, Chizoba noted that she entrusted Success…