Connect with us

Business

Police Clear Bank Executives Over N9.3bn Deposit

Published

on

The Special Fraud Unit (SFU) of the Nigeria Police Force says a system failure resulted in an Automated Teller Machine (ATM) displaying N9.3 billion in a customer’s account.

Durojaiye Job, a student of the Polytechnic, Ibadan had on August 13,  raised an alarm after discovering the amount in his First Bank Plc savings account.

DCP Salisu Fagge, head of SFU, told newsmen in an interview in Lagos that investigations into the allegation by Job that some bank officials attempted to use his account to defraud the bank had been concluded.

Fagge said Job’s petition, which was sent to the DIG “D” Department, Force CID in Abuja through the Commissioner of Police, was referred to his unit for investigations.

“When the student discovered the huge amount of money in his account at about 7.30 p.m, he was so much shocked because he only had N4,000 of his own in the account.

“He then used his card to withdraw N20,000 from the ATM to convince himself that the figure was real.

“After the withdrawal, he informed the bank’s Branch Manager and the Operations Manager of the huge deposit in his account.

“But the bank executives denied knowledge of the transactions and also denied the boy a request for a statement of his account.

“The student who suspected that the bank executives may have attempted to use his account to commit fraud, returned the N20, 000 he withdrew with his ATM card and alerted his lawyer who wrote a petition to the DIG.

“The unit invited the two bank executives and both denied knowledge of the transaction.

“But on further investigations into the case, the Chief Internal Auditor and the Information Technologist of the bank confirmed that the huge deposit was as a result of system failure,’’ he said.

Fagge said a comprehensive report of what transpired on some of the accounts in the bank, including that of Job, between 6.30 p.m. and 7.00 p.m. when the system failure occurred was brought to the unit.

“Based on the investigations carried out by the unit, there was no evidence of fraudulent transfers to any customer’s account.

“The bank also did not record any financial loss as a result of the system failure which occurred, and the error was detected and rectified some minutes after it occurred,’’ he added.

Fagge however advised Nigerians to emulate the steps taken by Job in alerting the bank about the alleged fraud, instead of making away with the money.

Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

on

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

on

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

on

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending