Author: Emmanuel Udoye
A Nigerian woman, June Ashimola who was falsely declared dead has appeared in court via videolink from Nigeria to prevent a convicted fraudster from taking over her £350,000 UK home. Ashimola was reportedly deceased in February 2019 in her home country, leading to a protracted legal battle over her estate. However, she presented herself before High Court judge John Linwood to assert that she was alive and the victim of an elaborate scam. The court heard that Ashimola initiated legal proceedings after being wrongly declared dead, allowing Power of Attorney over her estate—primarily comprising a house—to be granted to associates of convicted…
The largest banks in Africa excel in cross-border operations and lead the way in adopting and adapting to new technologies. Their strong financial foundations and extensive global networks ensure they remain key players in Africa’s Top 100 Banks 2024. South Africa’s Standard Bank Group has consistently retained its position as Africa’s top bank, with the National Bank of Egypt holding firmly to second place for the fourth consecutive year. Standard Bank also leads in profitability, reporting a net profit of $2.7 billion—an 18% increase from the previous year. While the gap between the two frontrunners has narrowed slightly, Standard Bank…
The US Mission made this announcement in a statement released on Monday. The United States mission in Nigeria has issued a stern warning to visa holders, cautioning that overstaying a visa could lead to severe consequences, including criminal prosecution and a permanent travel ban. The US Mission made this announcement in a statement released on Monday. The US Mission made this announcement in a statement released on Monday. The United States mission in Nigeria has issued a stern warning to visa holders, cautioning that overstaying a visa could lead to severe consequences, including criminal prosecution and a permanent travel ban.…
By Emmanuel Addeh and Peter Uzoho in Lagos Abuja — In historic business deals, the Dangote Petroleum Refinery yesterday announced that the United States imported over 2 million barrels of jet fuel from the 650,000 bpd facility this March alone, underscoring the growing global impact of the world’s largest single-train refinery, located in Lagos. The entrance of the Dangote refinery into the US market is expected to see jet fuel hit a two-year high in the country this month, as well as lower the prices of the aviation fuel in the peak summer travel season, according to trade analysts. Data…
Victims have been conned out of millions of pounds in a whisky barrel investment scam, a BBC investigation has found. Hundreds of people were duped into ploughing their life savings and pensions into casks that were overpriced or did not exist, while some individual casks were sold multiple times to different investors. The victims include one woman with terminal cancer who invested £76,000 and another woman who spent more than £100,000 on casks which experts say were only ever worth a fraction of the price they paid. The BBC can reveal that police are investigating three Scotch whisky companies over…
After taking a massive tumble in February, crypto markets rallied on Sunday following Donald Trump’s announcement that he would create a national crypto strategic reserve. Trump wrote on Truth Social that a working group would “move forward” on facilitating the strategic federal purchases of Bitcoin, Ethereum, and three other smaller cryptocurrencies. The announcement comes ahead of the White House’s first cryptocurrency summit on March 7, and builds on Trump’s fixation on crypto over the past year, which has included a crypto venture, a “crypto czar” position in the White House, and a TRUMP meme coin which has fallen in price from $70 to $13 within a month and a…
A new report reveals that malicious actors are exploiting APIs in DocuSign to send fake invoices. These invoices appear authentic and leverage legitimate DocuSign accounts to impersonate reputable companies, making this campaign stand apart from other phishing attempts. This method can deceive both users and traditional security measures. John Waller, Cybersecurity Practice Lead at Black Duck, shares his thoughts on the scheme. “What stands out in this scheme is not just the abuse of the API itself, but the specific way attackers are leveraging DocuSign’s API capabilities to send requests that blend seamlessly with typical business operations. By using paid accounts, attackers gain…
Email security trends were analyzed in a recent report by At-Bay. One finding from the report shows that email incidents increased in the U.S. in 2023, with the frequency of email claims jumping by nearly 25%. Larger companies, with annual revenue greater than $100M, saw the highest overall increase in frequency, experiencing three times more email claims than companies under $25M. The three top most targeted industries for email crime in 2023 and the first half of 2024: Manufacturing, Finance, and Law Firms. Financial fraud was the most common cybercrime committed over email, accounting for three of five email claims in 2023…
The National Automotive Design and Development Council (NADDC) has launched Nigeria into global recognition in the automotive industry. Nigerian youths are being trained in different aspects of vehicle parts production while Nigerian-built vehicles and vehicle parts made in Nigeria are swiftly gaining global respect and patronage. Innovation and international best practices rule in the NADDC. Financial Risk Future Magazine UK spoke with the auto icon driving this revolution in Nigeria’s automotive industry, Mr. Oluwemimo Joseph Osanipin, the erudite Director-General and Chief Executive Officer of the NADDC. What are the NADDC’s current priorities and initiatives to promote the development of the…
Charter By Kevin J. Delaney Futurist Rishad Tobaccowala writes provocatively and thoughtfully about how we work. The former global strategist and chief growth officer of marketing firm Publicis Groupe has argued, among other things, that business presentations should be no longer than nine slides and that companies should offer every worker the option of 50%, 75%, or 100% of full-time employment. Tobaccowala’s new book Rethinking Work was published on February 4 and explores the implications of the macro forces we also focus on at Charter—including technology and generational shifts—for our work and careers. Here are excerpts from our recent conversation with him, edited for space and clarity: The…