Electronic Fraudsters Steal N9.5bn from Banks, Payment Systems in 7 Months CBN calls for enhanced collaboration to stem the tide Releases fresh guidelines for forex sale by BDCs
Nume Ekeghe
The Director of Payment Systems
Management of the Central Bank of Nigeria (CBN), Musa Jimoh, who doubles as the Chairman of Nigeria
Electronic Fraud Forum (NeFF), yesterday disclosed that accumulated Electronic Fraud (E-Fraud) within the
banking sector and payment systems network has led to a loss of N9.5 billion so far in 2023.
Jimoh, who was speaking at the Q3 2023 general meeting of NeFF in Lagos, where stakeholders converged to
discuss “New Strategies for Combating Continued on page 5
Don't Merge or Scrap Niger Delta Ministry, PANDEF Warns President...
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Saturday 19 August, 2023 Vol 28. No 10356
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ECOWAS Defence Chiefs Agree On D-Day for Invasion of Niger UN to Junta: Rule-By-Gun has no place in today’s world
Bennett Oghifo The Defence Chiefs of the Economic
Community of West African States (ECOWAS) ended their two-day meeting in Accra, Ghana, yesterday,
with an agreement on a “D-day” for a possible military intervention to restore civil rule in Niger Republic
if diplomatic efforts fail. This is coming on the heels of the United Nations reaction to Niger’s
military junta threat to prosecute deposed President Mohamed Bazoum for high treason, saying “rule-by-gun
has no place in today’s world.” Continued on page 5
Gas is Elixir for Nigeria’s Economic Reconstruction, Growth, Says Tinubu Promises to work with all partners to redefine the future of economy with gas Targets 11,500 gas-powered vehicles as CNG initiative is approved
Deji Elumoye in Abuja President Bola Tinubu has pledged his administration's unalloyed commitment to leveraging on the domestic utilisation, processing and export of Nigeria's massive gas resources to catalyse the fundamental restructuring of the nation's economy for expansive growth during his tenure. On the same day, the President approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs. Speaking yesterday at the State House, Abuja, during a meeting with the Board and Management of the Nigeria Liquefied Natural Gas (NLNG) Limited, the President affirmed that all encumbrances to the entrepreneurial progress industrious citizens, as well as impediments to business practice in the Oil and Gas sector, will be swiftly removed to create more opportunities for Nigerian companies and international partners Continued on page 5
CELEBRATING LATEST COUPLE IN KANO… L-R: Senator Aliyu Wammako; Senator Kabir Gaya; Senator Aminu Tambuwal; Vice President Kashim Shettima and Dr. Goni Umar Farouk at the wedding Fatiha of Bilkisu Madakin (Hon Aliyu Sani’s daughter) and Abdullahi Jibrin (Senator Jibrin Barau’s son) in Kano …yesterday.
In Search of Terrorists, Air Force Bombards Kwaki, Chikuba Forests in Niger State...
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