NFIU Exposes Terror Financing Through Ghost Accounts

NFIU Exposes Terror Financing Through Ghost Accounts

Terrorist networks in Nigeria are exploiting dead citizens and rural women to move illicit operational cash through the formal banking system. The Nigerian Financial Intelligence Unit revealed the illicit scheme in its latest annual report released in Abuja on Monday, 24 August 2026. Armed syndicates bypass standard Bank Verification Number linkages by procuring pre-registered SIM…

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EFCC RETURNS ₦802 MILLION TO FIRST BANK AFTER SYSTEM GLITCH FRAUD

The Economic and Financial Crimes Commission (EFCC), through its Benin Zonal Directorate, has returned a total sum of ₦802,420,000 to First Bank Nigeria Plc after recovering the funds from a fraud suspect whose account was mistakenly credited due to a system glitch. The recovery followed an investigation into Ojo Eghosa Kingsley, who allegedly took unlawful…

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