LAGOS JUNE 20TH (NEWSRNAGERS)-Justice Alexander Owoeye of the Lagos High Court on Friday sentenced one Olukeye Adedayo to 76 years in prison for engaging in fraudulent activities, impersonation and child pornography. Adedayo was arraigned in 2024 on an 18-count charge by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) for…
LAGOS FEBRUARY 20TH (NEWSRANGERS)-The Lagos Zonal Directorate of the Economic and Financial Crimes Commission has arraigned 14 Filipinos, and a company, Genting International Co. Ltd, before Justice Musa Kakaki of the Federal High Court, sitting in Ikoyi for cyber-terrorism and internet fraud in Lagos. According to a statement obtained from EFCC’s X handle on Thursday,…
LAGOS JUNE 29TH (NEWSRNAGERS)-The Supreme Court has affirmed the conviction of the former Managing Director of Bank PHB Plc, Mr Francis Atuche, for fraud. The apex court, in a unanimous decision, held that Atuche, the Appellant, failed to dislodge the finding of the trial court which convicted him and the Court of Appeal which affirmed…
LAGOS JANUARY 15TH (NEWSRANGERS)-Depositors at Wema Bank are expressing concern following the bank’s announcement of a significant financial setback. The tier 2 lender, led by Moruf Oseni, revealed a loss of over ₦8 billion to litigation and fraud in 2023. The disclosure was made in the financial statement presented to the Nigeria Exchange Group, as…
LAGOS OCTOBER 27TH (NEWSRANGERS)-Nigerian commercial bank Fidelity Bank is restricting consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, said multiple sources with direct knowledge of the matter. A week ago, a small number of customers first noticed that these neobanks were no longer listed on the list of approved financial institutions on…
LAGOS AUGUST 17TH (NEWSRANGERS)-Police Arraign Chartered Accountant, Mother Over Alleged N1.07bn, $975, 102.58 USD Fraud A Chartered Accountant, Omafume Augustina Ayinuola and her mother, Lydia Abosede Ehrievuyere, were today, arraigned before a Lagos Federal High Court, on alleged charges of conspiracy, unlawful conversion of funds, money laundering and fraud of N1, 072, 254 411 billion…
LAGOS JULY 20TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, Enugu Zonal Command on Wednesday July 19, 2023, arraigned one Obiorah Anthony Emelife before Justice C.O Ajah of Enugu State High Court, Enugu for alleged Seventy-two Million Naira fraud. The defendant was arrested sometime in 2023 following a petition that he allegedly defrauded one Atansi Obinna…
Banker-turned-publisher, Philomina Ngozi Christopher-Oji, is the chief executive officer of Phil Chris Media Concepts, the publisher of Conerstonenews.ng.com, which has over three million followers and subscribers across the globe. In this interview, the graduate of English from Delta State University, Abraka, once again blamed former Nigerian President, Muhammadu Buhari, and his All Progressive Congress Party…