Nigerian Banks Warn Customers of Holiday Scams; Legal Action Taken in N10 Billion Cyberattack

Nigerian banks, including First Bank and UBA, caution customers against rising fraud attempts during the festive period, advising vigilance against phishing scams and unauthorized fund transfers. Stanbic IBTC Bank and Union Bank also emphasize the need for heightened security measures.

In a legal development, accounts allegedly involved in a N10 billion cyber heist are frozen following a court order in Abuja, with individuals like Jame Akagwu and Isaac Akwubo Gosent implicated in the case.