• Home
  • About Us
  • Contact Us
Monday, October 2, 2023
Star Lite News
  • Home
  • News
    • All
    • Business
    Independence anniversary

    FG Declares Monday Public Holiday To Mark Her 63rd Independence Anniversary

    Sam Larry

    Breaking: Sam Larry now in police custody

    Wema Bank

    Moruf Oseni’s Wema Bank, Lagos family fight dirty over property

    Muhammad Nami-FIRS

    Moruf Oseni’s Wema Bank, Lagos family fight dirty over property

    Nigeria Passport

    Immigration Cleared 60,000 Passports Backlog In 4 days, Says FG

    Canada

    Canada Announces Visa-free Air tTavel Policy For Nigerians, Others

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Nuel Asii

    New Release: Rescue by Nuel Asii

    Senator

    Senator To Meet Cycling Davido’s Fan, Pledges To Sponsor His Music Career

    Sinead O’Connor’s

    Irish Singer Sinéad O’Connor Dies Aged 56

    Davido

    U.S City Declares July 7 As Davido Day

    Iyabo Oko

    Veteran Nollywood Actress, Iyabo Oko Is Dead

    Al Pacino

    Al Pacino, 83, Set To Become Father Again After Revealing Girlfriend, 29, Is Pregnant

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Independence anniversary

    FG Declares Monday Public Holiday To Mark Her 63rd Independence Anniversary

    Sam Larry

    Breaking: Sam Larry now in police custody

    Wema Bank

    Moruf Oseni’s Wema Bank, Lagos family fight dirty over property

    Muhammad Nami-FIRS

    Moruf Oseni’s Wema Bank, Lagos family fight dirty over property

    Nigeria Passport

    Immigration Cleared 60,000 Passports Backlog In 4 days, Says FG

    Canada

    Canada Announces Visa-free Air tTavel Policy For Nigerians, Others

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Nuel Asii

    New Release: Rescue by Nuel Asii

    Senator

    Senator To Meet Cycling Davido’s Fan, Pledges To Sponsor His Music Career

    Sinead O’Connor’s

    Irish Singer Sinéad O’Connor Dies Aged 56

    Davido

    U.S City Declares July 7 As Davido Day

    Iyabo Oko

    Veteran Nollywood Actress, Iyabo Oko Is Dead

    Al Pacino

    Al Pacino, 83, Set To Become Father Again After Revealing Girlfriend, 29, Is Pregnant

  • Lifestyle

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

N1.7bn Electronic Transfer Fraud Rocks Globus Bank

starliteadmin by starliteadmin
June 11, 2023
in Banking News, Business
0
Globus bank Limited
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Globus bank Limited has filed an application before a Lagos high court seeking an order for recovery of a total sum of N962,019,843.35 fraudulently transferred electronically from its vault into accounts domiciled in eight commercial banks.

The N962m is part of the total N1,755,376,156.34 transferred from the bank between Monday 6th and Saturday 11th of June 2022. The bank has already recovered the sum of N817,998,969.85 from the accounts of the fraudsters.

In an affidavit sworn to by the legal officer, Kosisochukwu Ngene, Globus bank said fraudsters took advantage of system glitch in its USSD application between Monday 6th and Saturday 11th of June 2022 to process several fraudulent and unauthorized electronic transfer totalling N1,755,376,156.34 (One Billion, Seven Hundred and Fifty-Five Million, Three Hundred and Seventy-Six Thousand, One Hundred Fifty-Six Naira thirty four kobo.

The bank said 709 people who were its customers were involved in the fraudulent transfer of the funds to accounts domiciled in eight commercial banks.

It added that immediately it discovered the glitch, it instantaneously notified all the banks involved and requested that the beneficiary accounts be restricted.

This, Globus Bank said was in line with Central bank of Nigeria (CBN) regulation to avoid dissipation of the funds fraudulently transferred into the accounts domiciled with the banks.

Subsequently, Globus bank immediately approached the Magistrate Court, in the Yaba Magisterial District and obtained an order directing the banks to freeze and reverse the amount fraudulently transferred into various accounts domiciled in the banks.

That in response to the order served on the respondents some of the respondents were able to salvage certain sum wherein the total sum of N817,998,969.85 were returned to the bank while the total sum of N962,019,843.35 is still outstanding and yet to be returned to the bank by the respondents banks.

The Excel sheet which contains the names of the respondents the total amount fraudulently transfered from Globus bank, the total amount salvaged and returned to the Globus and the total amount outstanding is analyze was also filed before the court.

Globus Bank said it still requires the order of the high court to enable the other banks to reverse and remit the salvaged funds to it.

It added that the other banks have requested an order of the high court, to enable them reverse and remit the salvaged funds.

“Consequently, Globus bank Limited is seeking the following reliefs from the court. 

“An Order of the Court directing all the eight banks to immediately reverse and remit to, Globus bank Limited the total sum of N962,019,843.35 (Nine hundred and sixty two million, nineteen thousand, eight hundred and forty three naira, thirty five kobo), being the outstanding sum yet to be salvaged from the fraudulent transfer into several accounts domiciled with the eight respondents from the Globus bank 709 customers’ accounts, less depleted sum. 

An order directing the eight commercial banks to release all account information in respect of the destination accounts and the beneficiaries of the transfer funds. 

“And for such further order(s) as the court may deem fit to make in the circumstances of this case.

Tags: Electronic Transfer FraudGlobus bankGlobus Bank LimitedKosisochukwu NgeneLagos High CourtLegal OfficerStarlitenews
Previous Post

Fake News Alert…!

Next Post

ICSS To Honor Akmodel MD, Blder (Dr.) Abdul Hakeem Odegade For Immense Contribution To Nation Building

starliteadmin

starliteadmin

Related Posts

Access Bank

Access Bank Establishes Dedicated Desk To Enhance Agric Lending

by starliteadmin
September 28, 2023
0

Access Bank Plc has launched a dedicated Agriculture Desk that would support agribusiness and boost food security in Nigeria as...

Dangote Cement

Empowerment: Dangote Cement Ibese Sponsors 17 Host Communities Youths On Leadership Skills

by starliteadmin
September 28, 2023
0

As part of its Corporate Social Responsibility (CSR) towards empowering residents of its host communities, Dangote Cement Plc, Ibese Plant...

Dangote Cement

Dangote Cement Plc’s Management Roadshow at the London Stock Exchange

by starliteadmin
September 26, 2023
0

L-R: Head, Investor Relations, Dangote Cement Plc, Temilade Aduroja; Non-Executive Director, Dangote Cement Plc, Olakunle Alake; Independent Non-Executive Director, Dangote...

First Bank

FirstBank Sponsors Africa International Trade Exhibition, New York, Promotes Foreign Direct Investment in the Continent

by starliteadmin
September 25, 2023
0

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, sponsored the Africa International Trade Exhibition (A.I.T.E...

Dangote Cement Prirce

Dangote Debunks News Reducing Cement Price

by starliteadmin
September 25, 2023
0

Dangot Debunks News Reducing Cement Price. Dangote Cement Prirce

Dangote Clean Air Factory

Clean Air: Dangote Cement Reaching For The Blue Skies

by starliteadmin
September 25, 2023
0

By Francis Awowole-Browne Air pollution has been identified as one of the greatest environmental risk to human health with far-reaching impacts owing...

Next Post
Bldr. (Dr.) Odegade To Be Honored By Nigerian Association Of Christian Journalists (NACJ)

ICSS To Honor Akmodel MD, Blder (Dr.) Abdul Hakeem Odegade For Immense Contribution To Nation Building

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • A Day With Legends of Nollywood

    Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0
  • RECRA 2023 Host Gov. Babajide Sanwo-Olu, Bldr. (Dr.) Abdulhakeem Odegade, Paul Obazele, Other Eminent Personalities

    0 shares
    Share 0 Tweet 0
  • Akmodel M.D. Bldr.(Dr.) Odegade, Mr. Olajide Lawal, Nancy Isime, Others Receives Award At Eko Heritage Awards (Photos)

    0 shares
    Share 0 Tweet 0
  • M.D Of AKMODEL GROUPS, Bldr. (Dr.) Odegade, Paul Obazele, Favour Benson, Mrs Janet Mordi (M.D Zekod Farms LTD.) Mr. Ralph (Viju Industries), Others Attends RECRA 2023 (Photos)

    0 shares
    Share 0 Tweet 0
  • Akmodel First Physical Allocation At Akmar Flourish Gardens Epe (Photos)

    0 shares
    Share 0 Tweet 0

Recent Posts

  • FG Declares Monday Public Holiday To Mark Her 63rd Independence Anniversary
  • AKMODEL Homes And Properties To Launch Mega Double Estate Tagged: Unveiling The Box Of Your Luxury
  • Breaking: Sam Larry now in police custody
  • Mohbad Gave His Life For Others To Rise – Favour Benson
  • Access Bank Establishes Dedicated Desk To Enhance Agric Lending
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.