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The suspects used illicit money exchangers to move money to Nigeria, generally avoiding transferring the funds directly through banking institutions, the indictment says. Nevertheless, he later stated that his statements were misconstrued. Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks' employees and consumers in 2021. The Nigerian is accused of helping set up companies that sold the documents, apparently provided by organisations such as "The Independent Diplomatic Commission" or "Commonwealth Liberation. They will face indictment for money laundering and wire scam that defrauded over 100 people nationwide. Eight Nigerians have been charged in the U.S. with running widespread internet scams for at least a decade from their base of operation in Cape Town, South Africa, federal prosecutors in New Jersey announced Wednesday. Action Fraud . Others are thought to be in Nigeria and authorities there say they will cooperate with US. For the nine-month period, fraud attempts increased by 186% from 16,128 in 2019 to 46,126 as mentioned earlier. Nigeria and India have agreed to exchange vital intelligence on the activities of drug trafficking syndicates operating vulnerable drug routes between both countries, while the latter will also strengthen the capacity of the National Drug Law Enforcement Agency (NDLEA), officers with training. Just days before, Spanish and Italian police arrested 106 members of four Italian mafia organizations on cybercrime-related charges such as SIM swapping, BEC scams, phishing, and money laundering. As pointed out in this piece, humans will always be the weakest link in the most sophisticated firewalls and advanced technologies, and theres a need for companies to engage in more customer and employee education. Joseph Akeredolu is part of a gang that creates fake accounts on social media lures people through the accounts and then dupes them under the pretext of sending gifts, According to Indian police, [] According to the National Bureau of Statistics (NBS), Nigeria recorded a slight GDP growth of 0.51% (year-on-year) in the first quarter of 2021, slower than the 1.87% growth recorded in Q1 2020 and higher than 0.11% recorded in Q4 of 2020. Meanwhile, public dissatisfaction continues to grow. He was also charged with wire fraud over his involvement in an international romance scheme. 1,243,960. They want girls to stay at home.. The 33 suspects were accused of stealing more than $17 million from at least 100 victims. Two Nigerian nationals, identified as Valentine Iro and Chukwudi Christogunus Igbokwe, who are part of those arrested in the US, have been named as co-conspirators working with others in the US and in Nigeria, to obtain money from victims and then transfer it abroad. Video, Watch: Record numbers of guide dog volunteers after BBC story, An audacious heist that stunned Britain. Eight Nigerian men accused of an internet dating scam have appeared in a South African court after a massive international operation involving the FBI and Interpol. The total fraud losses amounted to a whopping $1.9 billion, and the median fraud loss was $320. Ambrose Sunday Ohide, 47 wire fraud conspiracy. In 2021, 14 percent of identity theft reports included more than one type of identity theft. Blood, sweat and literal tears VideoBlood, sweat and literal tears 2023 BBC. People between the ages of 20 and 40 account for 35% of those reports. Follow us on social media . Le Graet, who has been in office for 11 years and has a mandate until 2024, has previously faced sexual harassment allegations, which he rejects. The NIBSS expects this trend to continue as more people come online and become more dependent on electronic transactions for their day-to-day activities. His companies used phishing emails to steal funds from victims. It is alleged they preyed on their victims through dating sites using false identities. 2023 BBC. Two Nigerians arrested for wire fraud in U.S. Nicknamed "yahoo-yahoo" after the international web portal and search engine, this perfidy has become a way of life for the young con-artists. Interestingly, people ranged 21 - 30 were the second most defrauded at 31%. (1) Consumers can report multiple types of identity theft. In one phishing attack in 2018 the fraudsters managed to gain access to the email of a manager at Unatrac Holding Limited, the export sales office for Caterpillar's heavy industrial and farm equipment. Sometimes victims were allegedly convinced to open financial accounts in the United States that the conspirators would then be permitted to use themselves to launder money. In 2020, two separate FBI undercover operations obtained the fraudulent degrees and approximately 175 of Nwaokwus nursing graduates have applied to the Maryland Board of Nursing. $200,000. Announcing his resignation on Tuesday, the FFF stated it recognises the extraordinary sporting and economic accomplishments of Noel le Graet. BEC remains the most costly kind of fraud to Americans. The suspects also engaged in online romance scams, operating on dating sites such as Match.com, ChistianMingle, JSwipe, and Plenty of Fish. 7.2. Video, At the crash site of 'no hope' - BBC reporter in Greece, Watch: Record numbers of guide dog volunteers after BBC story. "We ask those accused in Nigeria to voluntarily turn themselves in to American authorities to clear their names, without which the Nigerian government should extradite them if relevant international treaties between the two governments are invoked.". In 2019 phishing attempts grew by 65%. Another suspect was found to be monitoring conversations between 16 companies and their clients to divert legitimate transactions just as they were about to be made, Interpol said. It said both South Africa and Nigeria had made high-level political commitments to address the . 'Wales is in England' gaffe sparks trip of lifetime for TikToker, Anorexia: 'I made the podcast I wish I'd listened to', Arena bombing family 'let down at every level', An undercover investigation on tea producing plantations find shocking conditions. Nonetheless, Helsinki has fewer diplomatic obstacles than Stockholm, and the Finnish government wants to press forward even before the April elections in Finland. In total, authorities said the group stole and laundered more than $17 million, funds they acquired from at least 100 victims, according tocourt documentsobtained byThe Record. Other Americans fell victim to the defendants' romance scams, believing they were in romantic relationships with someone using an alias and, when requested, the victims sent money and items of value to South Africa, the indictment said. The Nigerian scam has been around for a long time. The bulk of this loss occurred between July and September 2020, when companies lost up to 3.36 billion. I pinch her but she doesnt feel anything. Peoples Gazette reported that court documents state the medical doctor was arraigned alongside his associates, Musa Bangura and Johanah Napoleon, on charges of conspiracy to commit healthcare fraud; conspiracy to commit false statements relating to health care matters, and false statements relating to health care matters". The suspects, who were arrested in Cape Town and are awaiting extradition, have suspected ties to a transnational organized crime syndicate originating in Nigeria known as Black Axe. These victims are made to build trust with the scammers as they would pose interest by sharing a fake snivel story and then request a large sum of money. Using photos, text, and video dynamically, the site informs and prompts concerned African citizens and activists globally to act, denouncing officially-sanctioned corruption, the material impoverishment of its citizenry, defilement of the environment, and the callous disregard of the democratic principles enshrined in the constitution. According to the Border Guard, it will be 3m (10ft) tall with barbed wire on top. 89,649. US authorities accused Okeke of using "subterfuge and impersonation" to lure his victims, At the crash site of 'no hope' - BBC reporter in Greece. Consumers have been conned out of more than 2.3bn in the space of a year after a "devastating surge" in scams as fraudsters exploited the pandemic. All of the defendants named are innocent until proven guilty. Interestingly, people ranged 21 30 were the second most defrauded at 31%. Search Show/hide Search menu items. That makes it a far more financially damaging crime than ransomware, one of the better-known kinds of cyberattack. This was a 510% increase from the 550 million lost to fraudsters in the same period in 2019. Some FFF members have stated that Le Graet would continue to work for international governing organization FIFA. But in Q3 2020, Nigeria appeared to be the worst hit by a wide margin. May 18, 2021 Paul Roberts - The Seattle Times Flip A Nigerian man suspected in Washington state's $650 million unemployment fraud was arrested Friday at New York's John F. Kennedy International Airport by federal agents as he allegedly attempted to leave the country. July 20, 2021 Federal Bureau of Investigation, FBI, and other law enforcement agencies have arrested a syndicate of Nigerian unemployment fraudsters in the United States of America. Col Mogale said once the suspects "had ingratiated themselves with their victims, they allegedly concocted sob-stories about why they needed money - ie taxes to release an inheritance, essential overseas travel, crippling debt, etc - and then siphoned money from victims". to 60 months in prison by a court in the United States. Bayelsa State Governor, Douye Diri, has congratulated the states contingent to the 21st National Sports Festival, which ended in Asaba, Delta State, at the weekend. . Federal prosecutors quoted messages the defendants allegedly sent to victims, in one instance seeking a loan to fix a crane for a construction project: "Honey, i don't know how you will take this, i hate doing it but i have no other option, with profound sense of sadness and disgrace i am begging you to please loan me the balance, if possible a little bit more for upkeeping, i promise i will reimburse you once they come for inspection and give me the part-payment and that cannot be more than sometime next week.". Despite campaigns from different banks, it appears people are being manipulated to give out confidential information. NBM maintain that they do not have connections to Black Axe, however is essentially just a different name that acts as a nominal cover for the Black Axe confraternity. By. Here are some practical steps you can take to reduce the chances of falling victim to fraudsters in 2021. 6. Instead, this operation focused predominantly on the technical backbone of BEC operations by targeting the actors who possess the skills and knowledge to build and deploy the malware and domain infrastructure used in these schemes, the company post read. Check your credit report regularly for signs of unusual activity. There were some side-effects though, as NIBSS reports that fraudulent activities increased during this period. Acting U.S. Attorney, Prerak Shah, stated at a press conference while announcing the charges against them that These criminals rely on victims isolation, loneliness, and sometimes their grief. Akinwande Soji-Ojo A Nigerian national, Adedunmola Gbadegesin, has been sentenced to 60-month jail term for a money laundering conspiracy. Sources familiar with the groups activities said the suspects were members ofBlack Axe, a known criminal syndicate tied to theNeo Black Movement, a college fraternity founded in the 1970s in Nigeria that slowly evolved into asecret society, cult, and confraternityacross the country, and then spread across Africa and the world in recent years. It is the biggest such bust in South Africa, according to police spokeswoman Col Katlego Mogale. Nwaokwu was arrested on July 9, barely 24 hours after the United States issued a warrant of arrest on July 8. The only mistake these victims make is being generous to the wrong people. Lyon president Jean-Michel Aulas said Infantino had seized the chance to utilise Noels qualities, adding if that implies indirectly that it comes at a good moment for Noel, its a wonderful thing. As the digital space continues to grow, watch out for some of the most exciting financial innovation in 2021. Obinwanne Okeke, also known as Invictus Obi, used Nigerian-based companies to defraud people in the US. VideoAn audacious heist that stunned Britain. A Nigerian student named Mayowa spoke to USA Today and, on the condition of partial anonymity, openly admitted to scamming $50,000 from the US pandemic welfare system so far. "The public should be on guard against schemes like these.". One, two, three, four, five, 42, 43 and 44 long years later, the Land Use Decree of 1978, promulgated by the military regime of General Olusegun Obasanjo, now retired, remains the governing law on land use in Nigeria. Purpose - The purpose of this paper is to critically analyse the correlation between the rule of law and the efficient functioning of capital markets. He also argued that if the men were to be freed on bail, they could tamper with evidence digitally. Fraudsters typically target individuals via email, telephone or social media asking for an advanced payment in return for huge financial rewards. By 2019, Nigerian BEC fraudsters had produced more than 81,300 kinds of malware linked to 2.1 million attacks. At the moment, Finlands borders are mostly protected by modest timber fences. Why Nigerian cyber fraudsters are 'role models', Baby's body found as police still question couple, Parents jailed for letting neglected teen die, Human error to blame for train crash - Greek PM, Greece train crash: Survivors describe 'nightmarish seconds', At the crash site of 'no hope' - BBC reporter in Greece. These scam statistics are based on consumer reports. Finally, report Nigerian scams to the Economic and Financial Crimes Commission by email at scam@efccnigeria.org. Heres why, Kenyan court releases frozen Flutterwave funds, Africas role in the global reskilling epidemic, Mobile apps, EHRs, and other tech tools assisting Africans in managing and preventing diseases, The CBN introduces enhanced eNaira services, How to leverage media audiences for your B2B brand growth, Dash suspends CEO, Vodafone Ghana sold, Angolas $89M cloud project, Chipper Cash and Bolt layoffs, Why local content is not yet the key to increasing subscriber numbers on movie streaming platforms in Nigeria, Here are the winners of the Inspired Technovation Challenge at Techpoint Inspired, Egyptian startup, Koinz raises $4.8m seed round, The future of VoD in Nigeria is more promising now than ever, Your network will pay a 5m fine if they dont stop sending you unwanted messages, Tech Blogger? Meanwhile, eleven of the arrests were made in the Northern District of Texas while the remaining 24 were made in the Eastern District of Texas. The SilverTerrier gang is known as one of the more successful BEC fraud groups, and Interpol said initial analysis of one of the 11 suspects computers indicated they were in possession of more than 800,000 usernames and passwords, which could potentially have been used to hack into company email accounts. Internet-based scams like the ones described in the indictment cost victims $600 million in 2020, according to the FBI. Israeli police clashed Wednesday with protesters rallying against the government's judicial reform programme which critics say threatens democracy, as lawmakers held a preliminary vote on the latest controversial bill. The suspects, aged between 33 and 52, were arrested in Cape Town on Tuesday following a legal assistance request from the US. Another video from a hospital shows a teenage girl lying dazed on a bed, with her mother beside her. As presented by various financial institutions, the report captures major talking points around fraud volume, fraud techniques, fraud sources, and affected demographics among others. Some parents have said their children were ill for weeks after the poisoning. According to Group-IB, another cybersecurity company that assisted on the law enforcement operation, the gang typically relied on phishing as their way into a companys email account. Please dont send your children to school., Dollar To Naira Exchange Rate Today (Mon. BRF has about 10% of the fast growing Brazilian pet food market with brands including . Oluwalobamise Michael Moses, 40 arrested in DFW, charged with wire fraud conspiracy, Irabor Fatarr Musa, 51 arrested in the Eastern District of Texas, charged by the Northern District of Texas wire fraud conspiracy, money laundering conspiracy, Ijeoma Okoro, 31 arrested in DFW, wire fraud conspiracy fraud, money laundering conspiracy, Chukwemeka Orji, 36 arrested in DFW, charged with wire fraud conspiracy, money laundering conspiracy, Emanuel Stanley Orji, 35 arrested in DFW, charged with wire fraud conspiracy, Frederick Orji, 37 arrested in Dallas, charged with wire fraud conspiracy, money laundering conspiracy, Uwadiale Esezobor, 36 arrested in Lubbock, charged with mail & wire fraud conspiracy, Victor Idowu, 36 arrested in Los Angeles, charged with mail & wire fraud conspiracy, Afeez Abiola Alao, 37 wire fraud conspiracy, money laundering conspiracy. Shah encourages victims to come forward and reassures them that the scams are more common than one might think, disclosing that more than 20,000 people lost $600million in romance scams in 2020. A Nigerian businessman, who once appeared on the cover of Forbes magazine, has been jailed for 10 years in the US over a cyber fraud scam that led to the theft of about $11m (8m). According to the report, the document says the FBI in 2019 received information that Nwaokwu and Bangura created illegal transcripts and certificates through a privately-owned nursing school (Nursing School 1) in northern Virginia. If convicted, the defendants face up 20 years in federal prison on the wire fraud conspiracy counts and up to 10 years in federal prison on the money laundering conspiracy counts. We know where and whom to target next.. 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