Overall Fraud Rate in Nigeria Surging With AI-generated Credentials
Synthetic identity fraud replaces traditional scams. It is a more sophisticated method that uses AI to digitally forge identities.
Nigerian Entrepreneur Charged With Fraud in Houston Faces 25 Years in Jail
If convicted, Adiakpan could face up to 25 years in prison and fines up to $750,000.
The case is being investigated by the FBI and IRS and prosecuted by U.S. Attorneys.
PWAN is a Scam, SEC Warns Potential Investors
The SEC is standing up against Ponzi schemes in Nigeria. It is reaching out to the unaware in marketplaces, distributing fliers and instructing investors to look carefully before a leap.
Several Ponzi Schemes have succeeded in Nigeria in recent years, and these warnings are coming later than expected. The latest of those is CBEX. The EFCC is still out to find those involved.
More Ponzi Schemes Like CBEX Could Succeed in Nigeria Without Action
People are drawn to Ponzi Schemes like CBEX because of the total absence of financial literacy.
The perpetrators know exactly how to exploit this, hence, the frequent repetition.
NCC set to hand out 5G licence for activation in Nigeria
The Nigerian Communications Commission, NCC is set to auction the 3.5GHz spectrum on December 13 after which it will hand…
Tony Elumelu talks about the rise of young business owners
Following the announcement of the TEF 2021 cohort of 4,949 entrepreneurs, the founder, Tony Elumelu joined the IOD Annual Conference…
Sweden’s Prime Minister Magdalena Andersson resigns after six hours
Prime Minister Magdalena Andersson has resigned. Sweden’s Prime Minister Magdalene Andersson was announced barely seven hours ago has resigned following…
WAEC 2021 results, withheld, seized, missing and other difficulties
WAEC 2021 results – withheld or missing? In the long history of the West African Senior School Certificate Examination, WASSCE,…
CBN eNaira wallet limits, minimum balances for all account types
For the purpose of the eNaira account operations, limits and balances, the Central Bank of Nigeria, CBN grouped customers into…
TEF selected 2021 entrepreneurs includes 1522 from Nigeria
The Tony Elumelu Foundation, TEF has announced its 2021 cohort of 4,949 entrepreneurs – the most extensive yet. TEF 2021…