15 h. ago NDIC Warns Against Ponzi Schemes, Urges Vigilance In Financial Transactions

The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to be wary of Ponzi schemes and fraudulent investment platforms, stressing that only funds kept with licensed banks under the Central Bank of Nigeria (CBN) regulation are insured. The managing director/chief executive of the NDIC, Thompson Oludare Sunday, gave the warning on Thursday during the corporation’s […]

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20 h. ago KWSG urges vigilance, limited movement as security forces crack down on kidnappers’ hideouts

From Layi Olanrewaju, Ilorin Kwara State Government has urged residents of the state, especially people around Ekiti, Ifelodun, Isin, Oke Ero, and Irepodun Local Governments (LGs), to be vigilant and restrict outdoor activities as much as possible in the interim. The advisory followed heightened operations by combined security forces in border towns in Kogi and […] The post KWSG urges vigilance, limited movement as security forces crack down on kidnappers’ hideouts appeared first on The Sun Nigeria.

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47 h. ago Kwara Urges Vigilance, Restricted Movement As Security Forces Escalate Attacks On Kidnappers

The Kwara State government, on Wednesday, urged residents of the state, especially people around Ekiti, Ifelodun, Isin, Oke-Ero, and Irepodun local government areas, to be vigilant and restrict outdoor activities as much as possible in the interim. The advisory followed heightened operations by combined security forces in border towns in Kogi and Kwara States, where […]

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49 h. ago Kwara govt urges limited movement as security forces attack kidnappers’ hideouts

Tribune Online Kwara govt urges limited movement as security forces attack kidnappers’ hideouts “We urge people to be very vigilant and limit their movements to only very necessary routines. That is to avoid being caught unawares as the kidnappers are fleeing their hideouts. Kwara govt urges limited movement as security forces attack kidnappers’ hideouts Tribune Online

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4 d. ago ARCON expresses concerns over circulation of fake ‘Tinubu’ advert

Tribune Online ARCON expresses concerns over circulation of fake ‘Tinubu’ advert •Warns media owners against exposure of unapproved promotional contents The Advertising Regulatory Council of Nigeria (ARCON) has expressed concerns over a fake AI-generated advertisement, using the image and video of President Bola Ahmed Tinubu to solicit investment in a Ponzi scheme. It, therefore, warned  media owners to ensure promotional items used on their spaces get […] ARCON expresses concerns over circulation of fake ‘Tinubu’ advert Tribune Online

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6 d. ago How Enugu ponzi scheme operator diverted N91.5m through fake microfinance bank – Witness

A prosecution witness on Friday revealed before the Federal High Court in Enugu how Chinedu Okoronkwo, alleged Ponzi scheme operator, read more How Enugu ponzi scheme operator diverted N91.5m through fake microfinance bank – Witness

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6 d. ago EFCC witness details how Enugu Ponzi scheme operator diverted N91.5m

From Sola Ojo, Abuja The trial of an alleged Ponzi scheme operator, Chinedu Roland Okoronkwo, continued on Friday before Justice F. O. Giwa-Ogunbanjo of the Federal High Court, Enugu, with a witness narrating how N91.5 million belonging to victims was allegedly diverted through an unlicensed microfinance bank. Okoronkwo and his company, Reliance Microfinance Cooperative Society […] The post EFCC witness details how Enugu Ponzi scheme operator diverted N91.5m appeared first on The Sun Nigeria.

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2 w. ago Niger Police Arrest Nine Over Fake Kidnap To Extort ₦7m Ransom

The Niger State Police Command has arrested nine individuals for allegedly staging a self-kidnap and attempting to extort a ransom of ₦7 million. The command’s spokesperson, Wasiu Abiodun, disclosed this in a statement on Wednesday, explaining that the suspects were linked to a fraudulent Ponzi scheme and had conspired to deceive their associates. According to […] The post Niger Police Arrest Nine Over Fake Kidnap To Extort ₦7m Ransom appeared first on Information Nigeria.

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2 w. ago Nigeria reiterates importance of tax ID in banking transactions

Tribune Online Nigeria reiterates importance of tax ID in banking transactions THE Federal Government has restated the mandatory use of Tax Identification Numbers (Tax IDs) for certain financial transactions, particularly in opening and operating bank accounts, as part of ongoing efforts to strengthen transparency and boost tax compliance. The clarification follows renewed public interest in the Nigeria Tax Administration Act (NTAA), which mandates financial institutions to […] Nigeria reiterates importance of tax ID in banking transactions Tribune Online

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last month EFCC Arrests Gavice Logistics CEO Over Alleged N2bn Ponzi Scheme Fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the chief executive officer (CEO) of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000. EFCC spokesperson, Dele Oyewale, who confirmed the arrest, said Tochukwu, through Gavice Logistics Limited rolled out elaborate investment […]

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last month EFCC arrests Gavice Logistics CEO over alleged ₦2bn Ponzi scheme

From Sola Ojo, Abuja The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Gavice Logistics Limited, Mr Ahamba Tochukwu, for allegedly defrauding investors of more than ₦2 billion through a suspected Ponzi scheme. According to the EFCC Spokesman, Dele Oyewale, Tochukwu lured over 400 investors into funding elaborate logistics ventures […] The post EFCC arrests Gavice Logistics CEO over alleged ₦2bn Ponzi scheme appeared first on The Sun Nigeria.

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