by Admin | Aug 24, 2016 | Blog
Follow @NigeriaPI Get two entrepreneurs in a room and chances are one, if not both, have been the victim of accounting fraud. According to the Association of Certified Fraud Examiners annual report, nearly half of all small businesses experience fraud at some point in their business lifecycle. It will cost these organizations an average of $114,000 per occurrence. Worse, such fraud is usually committed by a “loyal” employee. As the head of a managerial accounting service, I’ve uncovered hundreds of fraudulent activities affecting prospective clients. The amount can vary greatly, from a few thousand dollars to millions. Let me share some true stories that highlight four common types of fraud for business owners and ways they can be avoided: 1. Payroll fraud. Last year, we took on a local construction firm as a new client. Theirpayroll account had never been reconciled to their time-keeping system, so we made that one of our top priorities. According to company records, two workers and their manager were working massive hours and getting paid a ton of overtime that amounted to more than 80,000 in additional annual pay. Their timesheets revealed they were working on construction projects that were more than 50 miles away from one another simultaneously. Hmmmm. It took about three seconds to figure that out and fire the employees, but the money was gone. While it is easy for you and me to say that this could never happen to us, the additional salaries given to these three guys amounted to an increase of only four percent of the total payroll cost — a figure that when unchecked could...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from the foreign exchange market, for hiding over $2 billion belonging to Nigerian National Petroleum Corporation (NNPC) from the Treasury Single Account (TSA). According to Channels TV, President Muhammadu Buhari has been briefed on the breach by the banks, and they have all been mandated to move the monies to the treasury single account. more details coming...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI A mother in Japan is under investigation for murder after her four children, including a girl as young as three, were found dead at home, Japanese police said Monday. Local media reported the victims were killed by their mother before she tried to take her own life. A 10-year-old boy, two six-year-old girls, and a three-year-old girl were found dead early Monday, according to police in the southern Japanese prefecture of Fukuoka. “Their father found them dead and reported it to police,” a police spokesman told AFP, without providing further Police are questioning the children’s 41-year-old mother as a suspect in a possible murder-suicide attempt, according to Jiji Press and public broadcaster NHK. The mother was said to confessed to police she had killed the children. Police reportedly told media that at least one child had a mark indicating...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI Security agents in Kaduna are currently on the trail of a woman simply identified as Hasiya, for breaking the hand, leg and bruising the eye, stomach, back and private part of her step son and also breaking the head of the step daughter by hitting her with the sole of a pointed shoe on her head. The victims, two year-old Abdulrahman Abubakar and four year-old Maryam Abubakar, are presently receiving treatment at a private hospital in Kaduna after Hasiya, their stepmother allegedly broke Abdulrahman’s left hand, right leg and Maryam’s head at their father’s house located in NDC in Igabi local government area of the state. According to a national daily, men of the Nigerian Security and Civil Defence Corps (NSCDC) are on the trail of the step mother, Hasiya, who fled the house after security agencies came looking for her at their residence after her evil act. Mother of the children, Halima, said she and her husband started having problem 12 days after her son was born which terminated their three year old marriage. “Immediately I weaned my son, the father came and took the children away first to his parents’ house and then to his wife,” she said. “On Monday, I was on my way to the market when I got a call from the father of my children that my son was on admission at the hospital. I quickly rushed there and when I saw the condition my son was in, I was devastated. He could hardly breathe and he had bruises on his eye, his head, his stomach and his private part,” she...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI The Criminal Investigation and Intelligence Department (SCIID), Oyo State Police Command, has arrested a 100 level University student who stabbed his girlfriend twice in the stomach and also slashed her throat for refusing to terminate pregnancy. The 19-year-old undergraduate, Ade (surname withheld), recently made wrong use of online search application when he used it to search on what he could to do to a girlfriend who refused to abort a two-month-old pregnancy she had for him. A popular daily report that the 100 level student allegedly committed the crime at the residence of his girlfriend’s parents at Sango-Alaro area of Ibadan. The student narrated to the daily: “I met my girlfriend about two months ago on Facebook. We had a mutual friend and I added her. She accepted my request and we got to know each other. I proposed a relationship to her and she accepted. We had s3x only once on July 4. I did not protect myself. ”On August 10, she told me that she was pregnant. The next morning, on Thursday, August 11, she called me that her parents wanted to see me. I went to her parents at Alaro area of Ibadan and they wanted to know what my intention was on the pregnancy. ”I suggested that she had an abortion but they said they could not abort for their daughter because it was against their belief. I told them that I would get back to them on Monday, August 15. ”I left for home confused, but on the way home, different thoughts went through my mind because I didn’t want my parents...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI Mrs. Kudirat Balogun, wife of Gafar Balogun, a chairmanship candidate under the platform of the ruling All Progressives Congress (APC) has been kidnapped in Abeokuta, Ogun State capital. Kudirat was reportedly kidnapped on Sunday by four gunmen who pretended to be visitors. It was gathered that the kidnappers arrived the Baloguns’ family home located at number 1, Sekoni Street in Olomore area of Abeokuta around 8pm on Sunday, where they seized the woman at gunpoint. As at the time of filing this report, the kidnappers had yet to contact the family. Meanwhile, Ogun State Acting Public Relations Officer, Abimbola Oyeyemi, confirmed the incident, adding that frantic efforts were ongoing to rescue the victim unhurt. He said, “The Commissioner of Police has ordered the anti-kidnapping unit to take over the case, and investigations have commenced immediately on the matter.” Mrs Kudirat’s Husband is vying for the Chairman of Ewekoro Local Government Area in the forthcoming Saturday October 8 election in Ogun State local government...
by Admin | Aug 23, 2016 | Blog
Follow @NigeriaPI No fewer than twenty-eight chained persons have be rescued in a house at the Oke-ira area of Ojodu, Lagos State. The state Police Public Relations Officer, Dolapo Badmos, a Superintendent of Police, confirmed the incidence. Badmos said: “The command received a report through Area ‘G’ Command Headquarters, Ogba, that a child was chained in a house at Oyinbo Unity Estate, Olamidun Close, Yakoyo, Oke-Ira, Ojodu. “Consequently, a team of policemen was mobilized to the location where a teenager named Toba Adedoyin ‘m’, aged 17, was found in a room with a chain on his legs. “The victim was allegedly chained by one Emmanuel Adeyemi ‘m’ who claimed to be his father, in order to restrain him from going out. “Further search of the premises led to the discovery of other people chained by the suspect. “A total number of 28 persons, comprising six adult males, nine adult females, seven female children and six male children were rescued and taken to protective...
by Admin | Aug 22, 2016 | Blog
Follow @NigeriaPI No fewer than twenty-eight chained persons have be rescued in a house at the Oke-ira area of Ojodu, Lagos State. The state Police Public Relations Officer, Dolapo Badmos, a Superintendent of Police, confirmed the incidence. Badmos said: “The command received a report through Area ‘G’ Command Headquarters, Ogba, that a child was chained in a house at Oyinbo Unity Estate, Olamidun Close, Yakoyo, Oke-Ira, Ojodu. “Consequently, a team of policemen was mobilized to the location where a teenager named Toba Adedoyin ‘m’, aged 17, was found in a room with a chain on his legs. “The victim was allegedly chained by one Emmanuel Adeyemi ‘m’ who claimed to be his father, in order to restrain him from going out. “Further search of the premises led to the discovery of other people chained by the suspect. “A total number of 28 persons, comprising six adult males, nine adult females, seven female children and six male children were rescued and taken to protective...
by Admin | Aug 22, 2016 | Blog
Follow @NigeriaPI The Economic and Financial Crimes Commission EFCC, on Thursday August 18, 2016, through its South East Zonal Head of Operations, Mr. Obioha Okorie released a draft for N500,000 (five hundred thousand Naira ) to Dr. Veronica Ibeziako, a retired Chief Magistrate in Anambra State, being funds recovered for her by the Commission. The former magistrate was swindled by fraudsters while seeking for financial assistance to enable her proceed for medical treatment abroad. According to the victim, she was billed for a surgical procedure abroad, which was going to cost N3, 000,000.00 (three million naira only), but ended up being defrauded of N500, 000 (five hundred thousand naira). Though investigations into the matter is still ongoing, the recovered fund was released to the victim to enable her attend to her financial and medical needs for which she was defrauded. source:...
by Admin | Aug 22, 2016 | Blog
Follow @NigeriaPI Fourteen passengers kidnapped in Ogba/Egnema/Ndoni Local Government Area of Rivers State last Friday have regained freedom. The Rivers State Police Command confirmed the release of the passengers, saying that they were released on Sunday night. The passengers were kidnapped on Friday by gunmen, who intercepted their 14-seater bus along Elele-Ikiri-Omoku Road and diverted the vehicle to a nearby bush, where the occupants were ordered to walk into the bush. The bus marked ONELGA Link was set ablaze by the hoodlums. Spokesman of the state police command, Mr. Nnamdi Omoni, said the victims were released after a tactical and diligent operation by operatives of the Command. Omoni disclosed that no ransom was paid for the release of the victims, adding that they (the victims) had since reunited with their families. “On the 12th of August, 2016, 14 passengers were abducted while traveling from Omoku to Port Harcourt in a bus. “In a swift reaction by the Command’s Tactical Units, the hostages were released unhurt. “They have been debriefed and have reunited with their families. However, no ransom was paid.” Meanwhile, the state Commissioner of Police, Mr. Francis Odesanya, has assured the people of the state that the police was “on top of the game” in waging war against crime. “We urge the public to continue to have confidence in the police and volunteer information timely as the Command is poised to making the state safe again.” He observed that kidnappers had devised a new method of wearing Army camouflage uniforms to perpetrate crime in the...
by Admin | Aug 22, 2016 | Blog
Follow @NigeriaPI The police in Abuja have launched a manhunt for a Ghanaian, Asiedu Ofei, and one Femi, a Nigerian, reportedly notorious for producing fake currencies. It was learnt that Ofei, who was arrested sometime in July, 2016 in Ekiti State, had led the police operatives to apprehend his gang members in Seme, Lagos State, when he escaped. PUNCH Metro gathered seven cartons filled with counterfeited naira notes and cedis had earlier been recovered from the fleeing suspect. While in police custody, he was said to have mentioned Femi as one of his accomplices and promised to lead the operatives to the gang’s hideout. Our correspondent learnt that the policemen, who followed Ofei to Seme, had maintained some distance from him and told him to lure other members out of the supposed hideout. A police source told PUNCH Metro that the cops had lurked around the hideout with a view to rounding up the suspects the moment they came out. The source said Ofei, however, alerted his gang members to the presence of the police and they all fled the area via an alternative route. “He (Ofei) is a wanted suspect. He escaped about two weeks ago when the police took him to arrest other members of the gang in Seme. The operatives stayed some distance away to monitor him while he called out other members of the gang. The strategy was used because the criminals will not come out from their hideout to answer any of their members until they confirm that the member is alone and the area is safe. “While he was calling on the other...
by Admin | Aug 21, 2016 | Blog
Follow @NigeriaPI A 35-year-old barber, Uche Emeroha, and a prophet, Kenneth Alozie, were paraded by the police on Thursday for allegedly abducting two sisters, who were returning from a summer class in the Igando area of Lagos State. Emeroha said Prophet Alozie allegedly promised to pay him N6,000 if he could abduct and bring two children to his church, Hope in God Healing Ministry in the Agboroko area, Iyana Iba. PUNCH Metro had reported on Thursday that two sisters – Jumia, six, and four-year-old Ayomide – were abducted on Olorunfemi Street in the Igando area while returning from the summer class around 2pm on Tuesday. It had been reported that the children, whose mother is a widow, were rescued by police operatives from the Igando division around 7pm on Wednesday and two suspected abductors were arrested. Our correspondents learnt that Emeroha, after allegedly abducting the girls on their way back home, had handed them over to a woman identified as Mama Chioma, who then took them to Alozie’s church. According to the police, Emeroha was the first suspect to be arrested and he, thereafter, led operatives to the hideout, where Alozie had hidden the girls. Alozie, who claimed to be a prophet, was also arrested. It was gathered that Mama Chioma was still on the run. Speaking to PUNCH Metro at the Lagos State Police Command headquarters, Ikeja, on Thursday, Emeroha said when he went to Alozie’s church for counselling, the prophet promised to fortify him with a charm, so that he (Emeroha) could be bringing stolen children to the church. He said, “I am not married. I did not know the...
by Admin | Aug 21, 2016 | Blog
Follow @NigeriaPI The lady pictured above is named Olubunmi Uko, a single mother of three boys who walked out of her Fola- Agoro, Lagos home last Friday at about 5am with her last son, Seun. According to her family members, on the day she went missing, she told her two older sons, Toni and Iyiola that she was going to see someone. When the older children woke up, they found the 7-page suicidal note she wrote to her children, mum and to whom it may concern. She stated that she was tired of life and that she was going to jump into the sea and that no one should look for her because by the time they find the letter, she knows that a shark would have eaten her up. One of her sons said she was tired of life as her business was suffering due to the crashing dollar rates. Olubunmi sold Forever Living products. She collected N500,000 from a bank to fund her business and had not been able to pay back a situation that has caused her sleepless nights. Meanwhile the matter has been reported at the Alade Police station in Shomolu. Her cousin in-law on Facebook asked people to pray for the safe return of Olubunmi and her...
by Admin | Aug 20, 2016 | Blog
Follow @NigeriaPI The Jigawa State Police Command disclosed that over the last three weeks, it has charged 53 people to court over rape and sodomy. According to the State Commissioner of Police, Henry Fadairo, another shocking case was reported at the Gumel Police Station, where the father of the victim gave details of what happened to his 10-year-old daughter. While highlighting the spate of the crimes in the state, he said one of the suspects charged to court was 40-year-old Idris Abdu, who was reported at the Hadejia Police Station to have taken a nine-year-old girl to his room and raped her. The suspect later confessed to the crime. His words: “The father of the 10-year-old girl reported at the Gumel Police Station that he saw his daughter holding some money. When he asked how she got the money, the girl said that one Mohammed Abdullahi, a 40-year-old man, took her to his room and raped her after which he gave her money. “The father of the girl said another man, identified as 25-year old Nasiru Mohammed forced the same girl into an uncompleted building and raped her again. “The girl told her father that the first man who raped her (Abdullahi) had also raped her 10-year-old friend. The father of the second victim also reported the case. The culprits confessed to their crimes, revealing that they had raped the girls on many times, he added. Fadairo said that less than one month after he took over the mantle of leadership of the command, he charged the 53 suspects to court over 28 rape incidents and 25 sodomy allegations. He...
by Admin | Aug 20, 2016 | Blog
Follow @NigeriaPI The Ogun State Police Command told reporters that the woman was detained for purportedly maltreating a five-year-old girl at Ifo area of the state. Little Iyanuoluwa, whose leg and arm were broken after she was allegedly beaten by her step mother, is currently receiving treatment at the Federal Medical Centre, Idi Aba in Abeokuta, the state’s capital. Confirming the incident, the acting Police Public Relations Officer, Mr Abimbola Oyeyemi, said that the woman would be charged as soon as investigation into the incident was completed. Reacting to the incident, a Director at the Ogun State Ministry of Women Affairs and Social Development, Rotimi Sotubo, said that the government had taken over the responsibility and care of the little girl....
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