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Bank Customers Lose N2.72bn To Fraudsters – Report

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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.

READ ALSO: Hackers Steal $11m From Nigeria, Others

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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).

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“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.

READ ALSO: How Three Ex-bank Workers Planned With Hackers To Steal N20bn – Witness

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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.”
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Man Stabs Four To Death In US

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Four people, including a teenage girl, were killed and at least five injured after a man went on a stabbing spree at multiple addresses in the US state of Illinois, police have said.

The stabbings took place on Wednesday afternoon, Rockford City Police said in a statement, adding that a 22-year-old suspect was taken into custody.

The statement did not say anything about a possible motive.

Rockford is located about 90 miles northwest of Chicago.

READ ALSO: Gender Balancing: Tellthatstory Empowers Women In African Storytelling

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Those killed included a 15-year-old girl, a 63-year-old woman, and two men aged 49 and 22, according to the police.

The police statement said that five people had been wounded, but US media later cited the police saying seven were wounded.

Details later

AFP

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[JUST IN] Okuama Killings: Army Declares Eight Persons Wanted [FULL LIST]

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The Nigerian Army has declared Eight persons wanted in connection with the killing of 17 soldiers in the Okuama community in Delta state.

The Nigerian Army disclosed this on its official X account on Thursday.

The persons declared wanted include seven men and one woman.

Full list:

They are Akevwru Daniel Omotegbono, Prof Ekpekpo Arthur, Andaowei Dennis Bakriki, Igoli Ebi (female), Akata Malawa David, Sinclear Oliki, Clement Ikolo Oghenerukevwe and Reuben Baru.

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Okuama killings: Background
The suspected mastermind of the bloodbath, a militant leader, and his gang members, who are currently on the run, seem to have their operational stamping ground at Igbomotoru, a riverside community in the Southern-Ijaw Local Government Area of Bayelsa State.

However, the Nigerian Army, which has spread its dragnet for the fleeing suspects, went as far as Port-Harcourt, Rivers State, to pick up three persons, last Tuesday, in connection with the killing of the soldiers.

READ ALSO: Delta Killings: Military Sets To Build Barracks On Okuama As Demolition Of Houses Continues

So far, the demanding search for the killers of the soldiers in the quiet Okuama has spread to the creeks, hideouts, and communities in Delta State, Bayelsa, and Rivers states, and is likely to extend to other states in the Niger-Delta, and outside the region if need be, according to sources.

According to VANGUARD, many believe the killing of the soldiers was beyond the land dispute between Okuama and Okoloba in the Bomadi local government area, as insiders point to divergences on oil bunkering.

Lt. Col Ali was reportedly bent on stopping oil thieves in his operational area and had made appreciable inroads. There was suspicion that his killing with other military personnel could be a setup.

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We know who did it – General Musa, CDS

The Chief of the Defense Staff, CDS, General Christopher Gwabin Musa, who had given his troops marching orders to track down the killers, alluded to this notion.

Musa said: “I know him, the C.O himself, Lt. Col. Ali. Because of recent, we emphasized that we want oil production in Nigeria to increase so that we will be able to have enough foreign exchange for things to go down. Because we all know the challenges we are facing.

READ ALSO: Okuoma Ambush: Troops Recover Decomposing Hearts Of Killed Soldiers

“And so, he insisted that all illegal activities within his general area must stop. He directed all the troops and they were stopping illegal bunkering, and then these are the people benefiting from it. And so when this issue came up, it became an opportunity for them to do away with him, which is exactly what happened.

“We know who did it, we are following up on him, and it is just a matter of time, we are sure we are going to get him. They took away our arms, we must get those arms back, and we must get these guys so that they would be prosecuted accordingly.”

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From our findings, the countryside people of Okuama are not sophisticated enough to carry out this kind of attack on military officers.

And from the CDS declaration that “we know who did it..,” he confirmed that the premeditated killing was connected to oil bunkering, so why did the troops go after helpless Okuama women and children, and even razed the community?

However, the Army, on Friday, admitted knowledge of the viral video by a militant leader who confessed to participating in killing the 16 soldiers.

It noted: “The video among other things helps to narrow investigation to persons of interest and their cohorts.

“Accordingly, the state governments and host communities of these personalities are required to assist investigation in flushing out these culprits.

“There can be no hiding place for perpetrators of such dastardly act against the nation. This is a clarion call to duty by members of those communities and the state governments”.

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Iran Sentences Police Officer To Death For Killing Protester

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An Iranian court has sentenced a police chief in northern Iran to death after he was charged with killing a man during mass protests in 2022, local media reported Wednesday.

Local police chief Jafar Javanmardi was arrested in December 2022 over the killing of a protester during the widespread demonstrations sparked by the death of Mahsa Amini in custody.

Iranian Kurd Amini, 22, died in custody in September that year following her arrest for allegedly violating the country’s strict dress code for women.

READ ALSO: Tinubu Orders Army To Pay Slain Soldiers’ Benefits Within 90 Days

Javanmardi was sentenced to death “in accordance with the Islamic law of retribution, known as the ‘qisas’ law, on the charge of premeditated murder”, the lawyer for the victim’s family, Majid Ahmadi, told the reformist Shargh daily.

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The protestor, Mehran Samak, 27, succumbed to injuries he sustained after being hit by shotgun pellets during a rally in the northern city of Bandar Anzali on November 30, 2022.

Rights groups based outside of Iran said Samak was shot dead by Iranian security forces after honking his car horn in celebration of Iran’s loss to the United States in the 2022 World Cup held in Qatar while at the Amini protest.

READ ALSO: Tinubu Appoints Coordinator For Centre For Control Of Small Arms

The defeat eliminated Iran from the football tournament and drew a mixed response from government supporters and opponents.

The lawyer, Ahmadi, said at the time that the police official was charged with “violating the rules for firearms usage, resulting in the death of Samak”.

In mid-January, the judiciary’s Mizan Online website said the Supreme Court had annulled a death sentence and referred the case to another court.

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Gilan province, where Bandar Anzali is located, was a flashpoint of the nationwide protest movement that shook Iran.

Hundreds of people were killed during the months-long protests, including dozens of security forces, while thousands were arrested and nine men were executed in cases linked to the demonstrations.

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