The Economic and Financial Crimes Commission (EFCC) has raised concerns over the role of Nigerian banks in facilitating financial crimes, urging them to avoid becoming tools for fraud. EFCC Chairman, Ola Olukoyede, issued this caution on Friday during a courtesy visit by the management of Moniepoint, led by its Founder and Group CEO, Tosin Eniolorunda, … Read more
The Central Bank of Nigeria (CBN) has uncovered a new fraudulent scheme involving fake SWIFT messages and has warned Nigerians and the public to be cautious of falling victim to scammers. In a statement issued on Tuesday, CBN spokesperson Hakama Sidi Ali clarified that the bank does not offer correspondent banking services for Nigerian banks … Read more
Eko Hot Blog reports that commercial banks in Nigeria has closed 2.021 million bank accounts In the first quarter of 2024 (Q1’24). This was done to clean their books of questionable accounts and comply with regulatory orders on linking bank accounts to the National Identity Number (NIN). According to Vanguard, this information is contained in … Read more
Senator Tokunbo Abiru @60, showcasing exemplary leadership. Abiru’s selfless actions include feeding over ten thousand constituents and supporting MSMEs. In legislation, Abiru’s impactful bills focus on enhancing banking regulations. EKO HOT BLOG reports that in a noteworthy development, Senator Tokunbo Abiru’s 60th birthday celebration has drawn attention not just for the milestone itself, but for the … Read more