Justice, Integrity, and Vigilance

  ‎ ‎ ‎Story by Okeke Nnamdi ‎ ‎According to court documents sighted by our news outlet, Hon. Chuma Nzeribe, the LP candidate and one time member of the House of Representatives, is a convicted felon. ‎ ‎In 2020, Nzeribe was arraigned at an FCT High Court Holden in Maitama, Abuja before Justice Y. Halilu on a for count charge bothering on fraud, cheating by impersonation, forgery of government document and misrepresentation. The case stemmed from the suit filed against him by the Economic and Financial Crimes Commission (EFCC) in case number FCT/CR/791/2020 titled Hon Chuma Nzeribe v Federal Republic of Nigeria. ‎ ‎Upon his conviction he was sentenced to 10 years in Prison for Count 1, 10 years for Count 2 and five years in prison for count 3. The prison terms are to run concurrently. He was also fined N10m on each of the 4 Count charges. ‎ ‎Upon his conviction and sentencing he was confined to Kuje Correctional Centre to live his prison terms. ‎ ‎The question begging f...

  ‎ ‎ ‎The Central Bank of Nigeria (CBN) has sounded the alarm on a disturbing rise  of digital financial fraud cases in the country. According to the CBN Governor, Olayemi Cardoso, financial fraud has surged by a staggering 45% within a single year, with a significant 70% of the resulting losses attributed to digital channels, particularly unregulated virtual asset platforms. This revelation was made at a public lecture organized by the Economic and Financial Crimes Commission (EFCC) in Abuja. ‎ ‎The CBN's Financial Stability Report 2024 highlights the gravity of the situation, revealing a sharp increase in financial fraud cases. The report also notes that over 30 Ponzi-style investment schemes exploiting digital currency narratives have been flagged by the Securities and Exchange Commission (SEC) and other agencies. These developments pose significant risks to the country's financial system, including loss of consumer confidence, weakening of financial integrity, and rep...