Category: Crime

A New dimension of Armed robbery at ATMs Locations

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform self financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff According to some media reports, armed robbery at ATMS locations…

African Countries Partner Global Bodies To Ends Illicit Financial Flows

The Organisation for Economic Cooperation and Development (OECD), the World Bank Group, and other global organisations have agreed on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF) on the continent. The Ministry of Finance, Mrs Kemi Adeosun, revealed this in a statement issued on Friday by her Special Adviser…

Emefiele says Shell banks are money laundering tools

Godwin Emefiele, CBN Governor The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has called for the abolition of shell banks in the country, saying they are money laundering tools. Shell banks are institutions that carry out activities where they are not licensed. Mr Godwin Emefiele made the request in Abuja on Tuesday at a…