Nigeria is Africa’s leading hotspot, accounting for 5.91 percent of the region’s fraud activity. Globally, fraud rates surged across all regions in 2024. The Middle East experienced the most dramatic increase, with cases skyrocketing by 643 percent, followed by Africa at 393 percent and Latin America and the Caribbean at 255 percent. The report highlights …
Tag: Nigeria
Jan 30 2024
Bitcoin Hit ATH in Nigeria, Argentina, and Turkey Amid Raging Inflation
The leading cryptocurrency is hitting new all-time highs in Nigeria, Turkey, and Argentina as residents turn to the safe haven asset amid soaring inflation rates. Bitcoin surged to 28.4 million Nigerian naira (NGN), 12.4m Argentine pesos (ARS), and 979,000 Turkish lira (TRY) as the fiat currencies of these countries continue to free-fall. According to from …
Mar 23 2023
Sierra Leone Busts a $200 Million Smart City Scam
Olufunmilade Adeyemi was arrested in Ghana and extradited to his native Nigeria to face justice for allegedly stealing tens of thousands of dollars in sales of fictitious property. He somehow slalomed his way out of the process and four years later miraculously appeared in Sierra Leone posing as Harvard-educated business visionary Professor Alex O Phillips. …