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US Court Convicts Nigerian Man of $7.5 Million Wire Fraud

  • December 21, 2025
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  A United States federal court has convicted a Nigerian national for his role in a sophisticated $7.5 million wire fraud scheme, marking another major case in the global fight against cyber-enabled financial crimes. The defendant, Olusegun Samson Adejorin, was found guilty after a jury trial in a federal court in Maryland, where prosecutors detailed […]

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CBN Orders Banks to Introduce Multi-Factor Authentication for Foreign Card Transactions

  • December 21, 2025
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  The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to introduce multi-factor authentication (MFA) for foreign card transactions, as part of efforts to strengthen payment security and improve the use of international cards within the country. The directive applies to foreign-issued cards used for ATM withdrawals and online transactions, particularly […]

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Fela Kuti to Receive Posthumous Lifetime Achievement Award at the Grammys

  • December 21, 2025
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  Legendary Nigerian musician and cultural icon, Fela Anikulapo-Kuti, widely regarded as the inventor of Afrobeat, is set to be honoured with a Lifetime Achievement Award by the Recording Academy at the upcoming Grammy Special Merit Awards. The recognition, which will be presented posthumously during Grammy Week, celebrates Fela’s far-reaching influence on global music and […]