banks - BusinessTimes NG

EFCC Probes Banks Over ₦18.7bn Fraudulent Schemes

The Economic and Financial Crimes Commission, EFCC, has raised the alarm about negligence and compromise of banks and Fintechs in two major fraudulent schemes that have cost victims a total sum of N18, 739, 999, 027.35k( Eighteen Billion, Seven Hundred and Thirty Nine Million, Nine Hundred and Ninety Nine Thousand, Twenty Seven Naira and Thirty Five […]

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January 22, 2026
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Articles

Nigeria Customs Enforces Sanctions on Banks for Delayed Remittance

The Nigeria Customs Service (NCS) has noted instances of delayed remittance of Customs revenue by some Designated Banks following reconciliation of collections processed through the B’odogwu platform. Such delays constitute a breach of remittance obligations and negatively impact the efficiency, transparency, and integrity of government revenue administration. In line with the provisions of the Service […]

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December 17, 2025
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Banking

Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

A five-member panel of the Supreme Court, led by Justice Lawal Garba, on Friday ruled in favor of Fidelity Bank in its appeal against Sagecom Concepts Limited. Given previous rulings, this marks a significant victory for Fidelity Bank in a long-running legal dispute. The judgment brings definitive closure to a legacy case that has attracted […]

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December 17, 2025
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Banking

Wema Bank Empowers Tech Innovators at Akure, Zaria, Ibadan, and Lagos with Hackaholics 6.0

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has continued to deepen its commitment to youth innovation and entrepreneurship with Hackaholics 6.0, its flagship campus ideathon. This year, the Hackaholics train has toured four Nigeria cities from the Federal University of Technology, Akure (FUTA) and Ahmadu Bello University […]

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November 7, 2025
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