The Economic and Financial Crimes Commission (EFCC) has issued a public warning about a rapidly spreading fraudulent scheme used by criminal syndicates to scam unsuspecting Nigerians through fake promotional offers, especially those linked to foreign airlines and fintech platforms. In a statement signed by the Head of Media and Publicity, Dele Oyewale, the EFCC warned…
When it comes to building wealth, the ultra-wealthy aren’t just saving money — they’re strategically maximizing every financial tool at their disposal. One of their favorite vehicles? The Roth IRA. Be Aware: 6 Wealth-Destroying Mistakes People Make Every Day Without Knowing It For You: 8 Common Mistakes Retirees Make With Their Social Security Checks Here’s…
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Police Arrest 4 Suspects For Hacking Airlines’ Bank Accounts, Stealing ₦277,848,000 By Andrew Ojiezel and Olamide Ojiokaiye Operatives of the Lagos State Police Command have apprehended four suspected fraudsters for allegedly diverting funds from airline operators domiciled in a commercial bank in Lagos. The police revealed that the suspected fraudsters allegedly hacked into the accounts…
If you’re looking to maximize your savings with minimal effort, high-yield savings accounts (HYSAs) can be a tempting option. With traditional savings accounts offering fairly low returns, a high-yield account stands out by offering considerably higher interest rates. And with these options becoming increasingly accessible and user-friendly, they’re getting a lot of attention from people…
Several Threads accounts showing publicly available data regarding the private jet travel of some of the world’s wealthiest and most famous people have been silenced. The year-old social media platform, owned by Meta, on Monday abruptly suspended an account showing flight paths of the private jet owned by Mark Zuckerberg, CEO and co-founder of Meta,…
A Federal High Court sitting in Abuja on Friday issued an order to freeze 13 bank accounts linked to a suspected terrorist, Henry Okocha. Justice Peter Lifu issued the order following an ex-parte application filed before the court by the Department of State Services, represented by its counsel, Yunus Umar. The ex-parte application, marked FHC/ABJ/CS/1036/2024,…
The Central Bank of Nigeria (CBN) has issued new directives to banks and financial institutions regarding dormant accounts. The CBN will now take over funds in these dormant accounts and reportedly invest them in treasury bills and other securities. The announcement was made in a circular released on Friday by John S. Onojah, Acting Director…
