Headline
Bank Customers Lose N2.72bn To Fraudsters – Report

A report by FITC has revealed that bank customers in Nigeria lost a total of N2.72bn to fraud in the first and second quarters of 2022.
It was also disclosed that there was a total of 67,878 cases of fraud recorded within this period.
This was according to the second quarter report obtained by our correspondent from the website of FITC.
FITC’s institutional members are members of the Nigerian Banker’s Committee, which comprises the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation and all liscensed banks in Nigeria.
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The data, however, showed a decline in the number of fraud cases across the banks compared to the first quarter of 2022.
According to the report, a total of 27,356 incidents of fraud and forgeries were reported in Q2, compared to 40,522 reported cases in the first quarter of 2022, representing a 32.49 per cent decrease between within the periods.
The total sum reported to be involved in fraud cases during the period also decreased by 40.05 per cent from N14.65bn in Q1 2022 to N8.78bn in Q2 2022.
Likewise, for the total amount lost due to fraud incidences, there was a slight decrease of 23.66 per cent from N1.54bn in the first quarter of 2022 to N1.17bn in the second quarter of 2022.
The report showed that mobile fraud which includes fraud activities through USSD transactions had the highest occurrence followed by computer/web fraud and POS fraud.
The report read in part, “Evaluating the total amount lost to frauds in Q2 2022 reveals that Mobile Fraud accounts for 38.18 per cent at N449m loss, followed by Miscellaneous & other types of fraud accounting for 32.19 per cent (N379m) and Suppression of Entries at 11.02 per cent (N129.64m).
“A closer look at the unusual amount recorded under the miscellaneous fraud revealed that the fraud was carried out via E-naira for which the banks were liable.
“With regards to the returns by payment channel, the analysis reveals that there was a decrease in the amount lost to fraud via the web, ATM and PoS channels.”
“The amount lost via the web channel decreased considerably from N1.07bn to N98.4m while the amount lost via the ATM channel decreased from N43m to N5.9m. On the other hand, an increase was noted in the amount lost via the bank branch, mobile fraud channels, from N103.45m to N618.24m (497.56 per cent) and N270.92m to N449.03 million (65.74 per cent).”
The FITC further said it was necessary for banks to further strengthen their internal control measures for improved efficiency in pre-empting fraud activities and ultimate prevention of fraud.
Recently it was reported that at least 6,047 Bank Verification Numbers of bank customers have been placed under the CBN watch-list for fraudulent transactions.
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According to the Nigeria Interbank Settlement System, Nigeria has one of the most advanced electronic payment capabilities in the world. It said the increase in transaction processing speed and available channels had also created an avenue for fraudulent transactions to thrive.
In its ‘NIBSS Insight: Fraud in the Nigeria Financial Services’ report, it said, “Statistically, even a one per cent successful fraud rate would result in 100,000 successful fraudulent transactions daily.
“This would directly impact customer’s faith in the entire system and could significantly impact our financial inclusion drive as well as the CBN cashless policy.”
PUNCH
Headline
UK Introduces Powers To Seize Phones, SIM Cards From Illegal Migrants

The United Kingdom has rolled out expanded enforcement powers allowing authorities to confiscate mobile phones and SIM cards from migrants who enter the country illegally.
The new measures, which do not require an arrest, came into force on Monday at the Manston migrant processing centre in Kent and represent a significant tightening of border controls.
According to the Home Office, the powers are intended to support intelligence-gathering operations aimed at disrupting criminal networks that organise and profit from dangerous Channel crossings.
Officials at the centre are equipped with technology that enables them to extract and analyse data from seized devices, a move the government says will help track and dismantle smuggling rings.
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Under the revised rules, migrants are permitted to be asked to remove outer garments if there is suspicion that phones are being concealed.
In certain circumstances, officers may also check mouths for hidden SIM cards or small electronic items.
The National Crime Agency said information recovered from devices could accelerate investigations and improve the effectiveness of action against organised crime groups.
Border Security Minister Alex Norris said the policy was necessary to regain control of the UK’s borders and confront human trafficking operations.
“We are committed to restoring order and tackling the people-smuggling gangs behind this lethal trade,” Norris said.
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“These stronger laws give authorities the tools to disrupt, intercept and dismantle these networks more quickly and effectively,” he added.
The legislation also introduces tougher criminal penalties linked to illegal crossings.
Individuals found storing or supplying boat engines for unauthorised journeys could face prison terms of up to 14 years, while those involved in researching equipment or plotting routes may be liable to sentences of up to five years.
Government officials stressed that the powers would be exercised with discretion.
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The Minister for Migration and Citizenship, Mike Tapp, said devices could be returned depending on individual circumstances and the relevance of the information obtained.
“If a device may contain intelligence that helps combat smuggling, it is right that it can be seized,” Tapp said, adding that the approach would not undermine compassion toward migrants.
However, humanitarian organisations have expressed unease about the impact of the policy.
The Refugee Council warned that mobile phones often serve as vital lifelines for migrants, enabling contact with family members and access to support services, and urged authorities to ensure the measures are applied in a proportionate and humane manner.
Headline
PROPHECY: Primate Ayodele Reveals Trump’s Plot Against Tinubu

Primate Ayodele and Tinubu, Tinubu’s rice palliative, Primate Ayodele to Tinubu
Tinubu and Primate Ayodele
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned President Bola Ahmed Tinubu that US President Donald Trump is after removing him from office.
This comes amid the removal of Vanezuelan President Nicolás Maduro by Donald Trump.
Primate Ayodele, in a statement signed Sunday by his media aide, Osho Oluwatosin, made it known that the US President has ‘caged’ Tinubu and his plan is to ultimately see that he is removed from office.
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He stated that the support the US is giving Nigeria to fight insecurity isn’t for nothing other than ways to penetrate the government.
“Trump is adamant to remove President Tinubu. America will be part of those who will be against Tinubu. You may not see it as I am being shown, and that’s why I am saying Trump is after removing Tinubu, that’s it and nothing more.”
The cleric made it known that, despite US’ help, Nigeria will continue to fight insecurity, but the ulterior motive of the US President isn’t about ending insecurity in the country.
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“Nigeria will still continue to fight insecurity, but either they fight it or not, Trump is focused on removing Tinubu from office, but he doesn’t know it yet. He isn’t after ending insecurity in the country, he knows what he wants and won’t stop at nothing towards achieving it.”
He urged the president to take a bold political step to overcome the plans of the US president; otherwise, he will end up succeeding with his plans.
“Tinubu must take a very bold step to overcome the plans of Trump, because he has caged him already. Tinubu must not relent his efforts and bring up strategies for him to succeed otherwise, he would be at the losing end while his defeat would be celebrated,” he added.
Headline
JAPA: Top Six Countries To Obtain Easiest Citizenship

As a Nigerian considering relocation plans, interest in countries with clear and less complicated citizenship pathways is a smart way to not just guarantee greener pastures, but also provide you with the opportunity to feel more at home in a foreign land. While some of the programmes are ancestry-based, others allow Nigerians with such a link to try other means.
Contents
1. Dominica
2. Ireland
3. Turkey
4. Portugal
5. Vanuatu
6. Italy
Though rules vary widely across borders, some nations stand out for offering citizenship through investment or family ties with fewer hurdles and faster processing timelines.
Below are the top six countries with the easiest citizenship:
1. Dominica
Dominica operates a citizenship-by-investment programme that allows applicants to qualify through a contribution to the government’s Economic Diversification Fund or by investing in approved real estate. Processing typically takes a few months. Citizens enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Zone. There is no residency requirement, and dual citizenship is permitted.
READ ALSO:Japa: 5 Affordable European Countries Nigerians Can Relocate To
2. Ireland
Ireland provides a clear citizenship pathway for individuals with Irish ancestry. Those with an Irish-born parent qualify automatically, while people with an Irish-born grandparent can apply through the Foreign Births Register. An Irish passport grants full European Union rights, including freedom of movement across EU countries. Dual citizenship is allowed, and there is no language requirement for applicants applying by descent.
3. Turkey
Turkey offers a fast-track citizenship option through investment. Foreign nationals who purchase qualifying real estate valued at a minimum of $400,000 can obtain citizenship within a few months. The programme does not require residency or renunciation of an existing nationality. Turkish passport holders have visa-free or visa-on-arrival access to several countries, with ongoing efforts to expand travel agreements.
4. Portugal
Portugal’s Golden Visa programme provides a residency-to-citizenship route for foreign investors. After five years of legal residence and meeting programme conditions, applicants may apply for citizenship. Approved investment options include venture capital funds and other qualifying assets. Successful applicants gain an EU passport, access to the Schengen Area, and dual citizenship, subject to passing a basic Portuguese language test.
READ ALSO:Japa: Lagos Suffers Deficit Of 30,000 Doctors, Commissioner Laments
5. Vanuatu
Vanuatu runs one of the world’s fastest citizenship programmes. Through its Development Support Programme, eligible applicants can receive citizenship in as little as two months after making the required financial contribution. The country offers visa-free access to over 100 destinations and has no tax on global income or capital gains. Residency requirements are minimal.
6. Italy
Italy grants citizenship by descent to individuals with an Italian parent or grandparent, following a 2025 legal update that tightened eligibility rules. Applicants must provide official documents proving a direct family link to an Italian ancestor. Italian citizenship comes with full EU rights, wide visa-free travel, and the ability to pass citizenship to future generations. Dual nationality is allowed, and no language test is required for descent-based applications.
(Tribune)
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