LAGOS MAY 2ND (NEWSRANGERS)-In an astonishing turn of events, First Bank, one of Nigeria’s financial giants with a market capitalisation of ₦829 billion, has been rocked by a colossal fraud scandal. An employee from their head office in Iganmu, Lagos, stands accused of siphoning off an eye-watering ₦40 billion ($29 million) over nearly two years….
LAGOS JANUARY 31ST (NEWSRANGERS)-The Federal Bureau of Investigation (FBI) has charged a United States citizen with money laundering after he acted as a middleman to funnel millions of dollars in kickbacks from Nigerian romance scams and business email compromises, the U.S. Department of Justice has said. Niselio Barros Garcia, a Florida man, admitted guilt to…
LAGOS NOVEMBER 2ND (NEWSRANGERS)-A Lagos-based lawyer, Blessing Ahmed, of Blue Diamond Law firm, has called on the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, to as a matter of urgency urge his operatives to firm up investigations and charge to court a matter relating to money diversion and fraud to check the…
LAGOS OCTOBER 9TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC on Friday, October 6, 2023 continued the trial of one Wilson Daphey (a.ka.a Jefrey Guiseppe) before Justice Mobolaji Olajuwon of the Federal High Court sitting in Abuja on nine -count charges bordering on obtaining money under false pretence and money laundering. Daphey allegedly manipulated…
LAGOS JULY 31ST (NEWSRANGERS)-Two siblings, Godwin Enahoro and Rosemary Enahoro, were on Friday arraigned before a Tinubu Magistrates’ Court sitting in Lagos Island for allegedly defrauding a woman by obtaining $98,700, which is equivalent to N74.2m under the pretence of helping her recover her property. The defendants are facing 10 counts of conspiracy, impersonation, obtaining,…
LAGOS MARCH 14TH (NEWSRANGERS)-A 40-year-old Nigerian man, Charles Emeka Obije pleaded guilty in the United States District Court in St. Paul to conspiracy to commit international money laundering he made from online romance scams and other schemes. Obije, a resident of Duluth, Minnesota, helped launder more than $350,000 in stolen proceeds from online romance scams…
LAGOS JANUARY 22ND (NEWSRANGERS)-A 35-year-old man who claims to be trading in foreign exchange has landed in police custody after duping his clients of about N500 million. The suspect, Abubakar Shehu Bappa, who has been in the fake forex business for over 10 years now, specialised in collecting huge amounts of naira from businessmen with…
LAGOS JANUARY 12TH (NEWSRANGERS)-The Criminal Investigation Department, Lagos Command, has arrested 55-year-old Oluwole Akande, for allegedly impersonating the Police Commissioner Railway Command, CP Yetunde Longe, and defrauding an 80-year old man of N250 million. The Commissioner, Railway Command, Longe, confirmed the arrest to the News Agency of Nigeria (NAN) on Wednesday in Lagos. Longe said…