12.03.18
FOR GOD AND COUNTRY
No. 3,022
MONDAY
N200
NIGERIA’S MOST INFLUENTIAL NEWSPAPER
Leadership Newspapers
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NDIC Investigates Banks As Insider Fraud Rises By 38% BY BUKOLA IDOWU, ZAKA KHALIQ, Lagos AND MBAKAAN KWEN, Abuja
With fraud cases perpetrated by bankers increasing by 38 per cent, the Nigeria Deposit Insurance Corporation (NDIC) has said it will start investigating some banks for the inadequate rendition of returns to the Cor-
poration on insider fraud. The NDIC, in a statement issued yesterday, said some banks had under reported instances of fraud, forgeries and cases involving members of their staff who were either dismissed or had
their appointments terminated on grounds of fraudulent activities. It noted that an off-site supervision of the deposit money banks in the country revealed that the number of fraud cases attributed to internal abuse by staff of banks
increased by 38.53 per cent from 231 in 2016, to 320 in 2017, much above the figure reported for the previous year. on 35 and 36 of the NDIC Act No. 16 of 2006 (as amended) requires all deposit money banks to
Saudi Govt To Explore Investment Opportunities In Kogi Pg. 11
submit monthly information/returns on fraud and forgeries to the Corporation. According to the NDIC report, the supervision relied on a total of 286 responses received from 26 banks during the period. It noted: “There were 22 nil monthly responses from the banks as at ➔ CONTINUED ON PAGE 6
End Killings Or Face Court Martial, Army Tells Field Commanders 6 As PMB visits Benue today
INEC Engages Whistleblowers To Check Underage Registration BY SUNDAY ISUWA, Abuja
Chief Imam of Doma Central Mosque, Hassan Jibril leading the funeral prayers for the late former governor of Nasarawa State, Aliyu Akwe Doma who was laid to rest in Doma town, Doma local government area of the state, yesterday.
Nigerian Elected President Of ICC 7
Former Adamawa Gov, Saleh Michika, Dies At 77 10
Ahead of the 2019 general election, the Independent National Electoral Commission (INEC) has engaged whistle blowers to monitor the activities of underage registration across the country. Other establishments, including the electoral body, are now adopting the whistle-blowing policy of the federal government, which has recorded significant success in the fight against corruption. LEADERSHIP gathered that INEC has invited stakeholders to blow the whistle on any suspected case of ineligible voters in the country. The whistle blowing policy, according to the commission, is to rid the voter register of unqualified voters. INEC spokesman, Mr Rotimi Lawrence Oyekanmi, said en➔ CONTINUED ON PAGE 7
$11bn Dangote Refinery Raises Hope For Nigerian Shipowners 27