N40bn Fraud

First Bank Fires Over 100 Staff After Discovery Of ₦40bn Fraud

News Rangers2 years ago04 mins

LAGOS AUGUST 6TH (NEWSRANGERS)-First Bank sacked over 100 employees in July 2024, four months after discovering that Tijani Muiz Adeyinka, a manager on the operations team, allegedly diverted ₦40 billion over two years. In details first reported by TechCabal, Adeyinka, who is still on the run, used his authorisation to approve chargebacks to accounts he…

N40bn Fraud In First Bank: General Ledger ‘Manipulation’ And Internal Control Failures

News Rangers2 years ago05 mins

By Simon Okeke LAGOS JUNE 6TH (NEWSRANGERS)-When the previous CEO of FirstBank resigned abruptly, like a janitor who comes to work and quits the same day, without the months-long notice we typically expect from bank leaders, I sensed something was amiss. I wrote, “I just hope it is well with him and his family as…

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First Bank Fires Over 100 Staff After Discovery Of ₦40bn Fraud

N40bn Fraud In First Bank: General Ledger ‘Manipulation’ And Internal Control Failures