‘Nigeria Banks lost N2.2b to fraud in 2015,’ Says CBN

TOTAL value of funds lost by commercial banks in the country to fraud last year stood at N2.2 billion, the Central Bank of Nigeria (CBN) has said. It however added that it is a massive drop from N6.6 billion recorded the previous year. The apex bank’s Director, Banking and Electronic Payments, ‘Dipo Fatokun, who stated […]

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BVN exposes 23,306 ‘ghost workers’ on Fed Govt payroll

No fewer than 23,306 names are to be deleted from the Federal Government’s payroll. A team probing multiple salary payments recommended 23,306 civil servants and some banks for thorough investigations. The government has started deleting the indicted civil servants from its payroll, The Nation learnt yesterday. It was also learnt that some of those affected […]

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