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VIDEO: Charly Boy Admits To Scamming Banks Before The 419 Trend Gained Momentum
Renowned artist, Charles Oputa, popularly known as Charly Boy, has admitted to engaging in bank scams before the notorious 419 fraud became popular in Nigeria.He disclosed this in the latest episode of The Honest Bunch Podcast, co-hosted by actor, Chinedu Ani Emmanuel, also known as Nedu. “I was scamming banks. Even before una begin hear of 419, -
CBN Bans Banks And Fintechs From International Money Transfer Services
The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs)across the country, from offering international money transfer services.This development is outlined in the revised guidelines for the operations of International Money Transfer Operators (IMTOs), officially released on January 31, 2024.According to the -
Isaac Fayose Tells Tinubu To Close Down Nigerians' Domiciliary Accounts In Different Banks
Isaac Fayose, the brother to a former governor of Ekiti state, Ayo Fayose has asked President Tinubu to shut the domiciliary accounts of Nigerians in different banks in the country.According to him, this will solve the depreciation of the Naira against the Dollar.In a video that has gone viral, Isaac said the President should give a directive that -
CBN Orders Banks to Sell Excess Dollars in 24 Hours in a Bid to Revive The Naira
The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks to sell off their excess dollar stock by February 1, 2024.This comes amid its fresh moves to stabilise Nigeria’s volatile exchange rate.The CBN gave this order in a new circular released on Wednesday.It also warned lenders against hoarding excess foreign currencies for profit.A -
BREAKING: CBN Dissolves Boards Of Union, Keystone, Polaris, Titan Banks
The Central Bank of Nigeria (CBN) has disolved the boards and management of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank.The apex bank made the disclosure in a formal statement that was uploaded to its official X microblogging account.The statement reads, “The Central Bank of Nigeria (CBN) has disolved the boards and the managem -
The CEOs of Zenith, Providus, & Jaiz Banks Invited by EFCC Over Betta Edu's Fraud Case
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No Cause For Alarm, Your Funds Are Safe In Banks, CBN Assures Depositors
The Central Bank of Nigeria, CBN, says there is no need for Nigerian depositors to panic over the safety of their funds in any bank.The apex bank gave this assurance in a press statement signed by its Acting Director, Corporate Communication, Mrs. Sidi-Ali Hakama, said: “The CBN has noticed reports, in certain media outlets, about a -
CBN Investigator Vows FG Will Recover Two Banks Illegally Sold To Emefiele
Jim Obazee, President Bola Ahmed Tinubu’s investigator probing the Central Bank of Nigeria, CBN, has revealed that the government is on the verge of recovering two banks illegally sold to former CBN governor, Godwin Emefiele.According to the report, Emefiele used proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone -
CBN Threatens To Sanction Banks, PoS Operators Disrupting Circulation Of Naira
The Central Bank of Nigeria (CBN), on Thursday, disclosed there is a collusion between some Deposit Money Banks and Point of Sale (PoS) operators that is hindering the availability of cash and disrupting the seamless circulation of the Naira.The apex bank via a statement by its acting Director of Communication and Public Relations, Sidi Ali, furth -
Photos And Video Of Banks Attacked By Armed Robbers In Ekiti
Suspected armed robbers attacked two banks in Ikere, Ekiti state today December 13. According to reports, the armed robbers during the attack left some persons injured and carted away some money. It is unclear if there were any casualties.The state police command is yet to comment on this development. [html] -
Nigerian Lady In Shock After Breaking Her Piggy Banks To Find Just N20, N50 (Video)
A Nigerian lady has been left heartbroken after she broke her both piggy banks only to find N20 and N50 naira inside after months of saving.In the video which she shared on her social media page, the lady claimed that she had saved an estimated amount of 300K at the very least and it was a surprise for her to see the small denominations inside.She -
Singer Reekado Banks Spotted Stepping Out on a Date With Mystery Lady
Nigerian artist Reekado Banks has recently been at the center of dating rumors following a video showing him with an unidentified lady. The lady, who was dressed in a revealing two-piece outfit, was seen holding hands with Reekado Banks at various points during the night.Her appearance, including a back tattoo and a long luxurious wig, has caught -
UPDATE: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry
Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the country are expressing concerns over their inability to withdraw huge cash in their banks, raising fears of scarcity as experienced during the naira swap.This has also affected business transactions in local markets, especially in the northern part of Nigeria wh -
Akwa Ibom Govt Shuts Down 3 Banks Over Failure to Remit N228.6m Debt
Three banks have been closed by the Internal Revenue Service of Akwa Ibom State for allegedly failing to pay N228.6 million in overdue taxes to the state government.In response to a Notice of Distraint issued by the Akwa Ibom State High Court, Eket Judicial Division, the banks were closed on Thursday during an exercise carried out by the board’s -
Otukpo Robbery: CBN Directs Banks To Open From 8am To 2pm In Benue
The Central Bank of Nigeria,CBN, has put precautionary measures in place against future attacks on commercial banks in Benue State. The development followed the attack on some banks in Otukpo town, Benue State, by armed robbers on Friday, October 20, 2023. The CBN took the measures at an emergency meeting with the management of the affected banks -
PICS: Many Feared Dead As Armed Robbers Raid Banks In Otukpo, Benue
Many persons are feared dead after armed robbers attacked Otukpo, Benue State, and raided some banks. According to reports, the armed men stormed different banks in the area, shooting sporadically while carrying out their loot.Photos shared online showed some of the banks raided. Eyewitnesses claim the robbers carried out their attacks unhindered -
BREAKING: CBN Stops Banks From Utilising Naira Devaluation Gains
Nigeria's apex bank, the Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to refrain from using profits generated through the revaluation of the naira for dividend payouts or operational funding.CBN said a review of the foreign exchange (FX) regime change showed the banks are in a position to profit from the policy beca -
Lagos Commercial Banks Shun NLC's Directives, Flop Strike
The call for withdrawal of service by the Nigeria Labour Congress, was defied by some commercial banks in Lagos, on Tuesday.The News Agency of Nigeria (NAN) reports that checks showed that Access Bank, First Bank, Guaranty Trust Bank (GTB), Zenith Bank, and Sterling Bank were among those that opened while customers were also seen at the various ba -
Singer, Peter Okoye Blows Hot As He Calls Out Polaris And Access Banks Over Scam
Nigerian singer, Peter Okoye otherwise known as Mr P has called out some Nigerian banks over scams.Recall that Mr P, runs a lottery programme which online fraudsters have been using to scam people using his name.Taking to his Instagram page, the singer, who stated that he is fed up with them, revealed that scammers have been opening accounts in hi -
Online Gambling In Nigeria Poses Huge Financial Risks, As Banks Report N9.5Billion Loss In 2023
According to the Nigeria Inter-Bank Settlement System (NIBSS), banks there have already lost roughly N9.5 billion in 2023. Premier Owoih, the managing director of NIBSS, said this at the third-quarter meeting of the Nigeria Electronic Fraud Forum (NeFF), which was held in Lagos.The MD, represented by Temidayo Adekanye, the NIBSS Chief Risk Officer -
Enugu Govt Seals Two Banks, 107 Shops For Obeying IPOB’s Sit At Home Order
Enugu State Government has sealed two commercial banks and 107 shops for allegedly observing an “illegal sit-at-home order” on Monday in the state.The sit-at-home is usually enforced by a faction of the outlawed Indigenous People of Biafra (IPOB) in Enugu and other South-east states.The Enugu Capital Territory Development Authority, led by the -
How Nigerian Banks Shut Out Next of Kin From Money in Your Account After Death – Man Exposes
A Nigerian man known as @moderate_ustaz has shed light on the deceptive practices of some Nigerian banks concerning the inheritance of funds from deceased bank account holders and the role of next of kin.According to his revelations, the widely held belief among Nigerians that next of kin automatically inherit the money in the deceased’s account -
Ban On Sit-At-home: Markets, Malls, Banks, Schools Open As Enugu Gov Mbah Monitors Compliance
It was relatively a beehive of activities as the governor of Enugu State, Dr. Peter Mbah, toured various parts of the state capital on Monday to monitor compliance with the ban on the illegal sit-at-home declared by some non-state actors.This was even as Enugu traders and residents told the governor that they were tired of sitting at home, describ -
Enugu Gov. Mbah Monitors Compliance With The Ban On Sit-At-Home After Markets, Malls,Banks Open
Activities picked up on Monday as the governor of Enugu State, Barr Peter Mbah, toured various parts of the state capital to monitor compliance with the ban on the illegal sit-at-home declared by some non-state actors.This was even as Enugu traders and residents told the governor that they were tired of sitting at home, describing it as a plague k -
Be Wary Of Transactions From Cameroon, Vietnam - CBN Tells Banks
The Central Bank of Nigeria (CBN) has issued a new directive to banks. The CBN asked banks and other financial institutions to pay particular attention when conducting transactions with businesses and individuals in certain countries. The countries specified by the apex bank include Cameroon, Croatia and Vietnam. The directive is contained in a ci -
Banks Raise ATM Cash Withdrawal Limit To N200,000
Commercial banks in Nigeria have raised daily amount to be withdrawn from ATMs to N200,000. This comes months after the Central Bank of Nigeria had restricted withdrawals on automated teller machines, according to Leadership Newspaper. In an emailed notice to customers yesterday, Zenith Bank said customers can now ‘perform cash withdrawals of up -
JUST IN: CBN Grants Banks Freedom To Trade Forex At Any Rate
The Central Bank of Nigeria has made a new announcement about forex trade, Daily Post reports. The apex bank announced that it has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as CBN’s governor.Naira to trade ‘freely’ against Dollar as CBN reportedly grants -
UPDATE: Nigerians Can Now Get Debit ATM Cards That Double As NIN Cards From Banks
The Federal Government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost.The Minister of Communications and Digital Economy, Prof Isa Pantami, who disclosed this on Wednesday in Abuja, said the approval was obtained at the meeting of the Federal Exec -
CBN Revokes Licences of 139 Microfinance, Primary Mortgage Banks (See Full List)
The Central Bank of Nigeria (CBN) says it has revoked the operating licences of 132 microfinance banks, three finance companies, and four primary mortgage banks.Godwin Emefiele, governor of the apex bank, revoked the licences of the institutions on Monday, an official gazette of the federal government said.Emefiele revoked the licences in exercise -
EFCC Warns Banks Compliance Officers Against Corrupt Practices
The Economic and Financial Crimes Commission (EFCC) has warned financial institutions and compliance officers to be diligent and avoid being complicit in financial practices.The commission issued the warning during a meeting held with banks’ compliance officers from Kwara and Kogi States in Ilorin.Michael Nzekwe, the Zonal Commander of the Ilori
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