Rise In Fraud:  Bank Blocks Transfers To OPay, Moniepoint,  Palmpay

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…

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POS Agent Arraigned Over Allege Transfer Of  Employer’s N98.7m To Her Account

LAGOS APRIL 28TH (NEWSRANGERS)-A 31-year-old Point of Sale (POS) agent, Joy Nwaoha, was on Thursday arraigned before a Sabo-Yaba Chief Magistrates’ Court in Lagos, for allegedly stealing N98.7 million belonging to her employer. Nwaoha whose residential address was not given, is facing a three-count charge of conspiracy, cybercrime and theft. The Prosecutor, Asp Rita Momah,…

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