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Fraudsters steal N329m using images for BVN enrolment

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Fraudsters have stolen N329m by using static images to register for Bank Verification Numbers.

This is according to a new report by the Nigeria Inter-Bank Settlement System, which outlines emerging fraud trends in Nigeria’s financial sector.

According to the report obtained by Sunday PUNCH, some unscrupulous BVN enrollment agents facilitated the scheme by registering still images of individuals, both Nigerians and foreigners, as live enrollees.

The BVNs were then used to open fraudulent accounts across microfinance banks, mobile money operators, and payment service banks.

The fraudulent scheme enabled transactions involving the N329m just days after the BVNs were generated and the fake accounts were created.

Investigations showed that some of the BVNs created using static images were assigned Nigerian names, which made it difficult to detect their fraudulent nature during the enrolment process.

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The discovery led to the deletion of several fraudulently created BVNs, and the agents involved have been reported to law enforcement agencies for arrest and prosecution.

The report read, “Still images of Asians and Nigerians are taken and enrolled for BVN by recalcitrant agents. Accounts are opened with these BVNs in MFBs, MMOs, and PSBs.

“An estimated N329m being proceeds of fraud was received into some of the accounts opened with the BVN generated with these still images a few days before the fraud.

“More BVNs created with still images of Asians are given Nigerian names these were discovered during reviews and subsequently deleted. Agents were reported to LEAs for arrest and prosecution.”

The NIBSS report highlighted that the total amount lost to fraud in 2024 surged to N52.26bn, representing a 350 per cent increase from N11.61bn recorded in 2020.

However, the total number of fraud cases reported dropped by 31 per cent, from 101,624 in 2020 to 70,111 in 2024.

The report attributed the increase in fraud losses to more sophisticated fraud schemes, system vulnerabilities, and a rise in high-value fraud incidents.

Attempted fraudulent transactions in 2024 amounted to N86.36bn, with actual losses rising by 195 per cent compared to 2023.

As part of efforts to curb fraudulent BVN activities, the Central Bank of Nigeria has mandated that financial institutions to report fraudulent BVNs to NIBSS within 24 hours of detection.

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Tinubu names Bianca Odumegwu-Ojukwu as Minister of Foreign Affairs

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Bianca Odumegwu-Ojukwu, Minister of Foreign Affairs
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…Nominates Amb. Sola Enikanolaiye as Minister of State

President Bola Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs after the resignation of Ambassador Yusuf Tuggar, who is reportedly preparing for a political move ahead of the 2027 general elections.

The President also forwarded the name of Ambassador Sola Enikanolaiye for appointment as Minister of State for Foreign Affairs, pending approval by the Senate.

The appointments were disclosed in a statement released on Wednesday by presidential spokesman Bayo Onanuga.

According to the statement, the reshuffle is aimed at improving Nigeria’s diplomatic strategy and ensuring that the country’s foreign policy supports the administration’s economic agenda more effectively.

“These adjustments are part of ongoing efforts to reposition Nigeria’s foreign policy architecture for greater efficiency, strategic engagement, and stronger global partnerships,” the statement read.

Odumegwu-Ojukwu, who previously served as Minister of State for Foreign Affairs and has years of diplomatic experience, is expected to oversee Nigeria’s international relations as the government intensifies focus on economic diplomacy, regional peace, and wider global partnerships.

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The presidency highlighted her long-standing involvement in global affairs, stating:

“Ambassador Odumegwu-Ojukwu brings decades of diplomatic experience and a deep understanding of Nigeria’s engagement with the global community,” the statement read.

Enikanolaiye, a seasoned career diplomat, had earlier worked as Senior Special Assistant to the President on Foreign Affairs and International Relations.

He has represented Nigeria in several cities around the world, including Addis Ababa, London, Ottawa, Belgrade, and New Delhi.

The statement noted that his nomination is expected to strengthen institutional continuity within the foreign service.

“Ambassador Enikanolaiye’s extensive experience across multiple diplomatic missions will support Nigeria’s evolving foreign policy objectives,” the statement added.

President Tinubu congratulated the two diplomats and urged them to place national interest at the forefront while promoting economic diplomacy and improving the welfare of Nigerians living abroad.

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Awka blacksmiths lament neglect by Govt, indigenes

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Supreme Court fixes Thursday for judgement on ADC leadership dispute

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FJSC nominates 22 Justices for Supreme Court Bench
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The Supreme Court has fixed Thursday, April 30, for judgment in the leadership dispute rocking the opposition African Democratic Congress (ADC).The apex court had reserved judgement in the case, prompting the opposition party to petition the Chief Justice of Nigeria (CJN) that time was not on its side.

However, on Wednesday, the apex court announced that the judgement would be delivered by 2pm, on Thursday.

A five-member panel of the apex court, led by Justice Mohammed Garba, had fixed the matter for judgment after parties adopted their final written addresses.

Mark, who leads a faction of the party, is challenging the March 12 judgment of the Court of Appeal, which ordered parties to maintain the status quo in the dispute.

In his appeal, the former Senate President argued that the appellate court exceeded its jurisdiction and insisted that the crisis bordered on internal party affairs, which courts lack powers to adjudicate.

The suit was initiated by aggrieved party members led by Nafiu Bala Gombe, who is contesting the legitimacy of the Mark-led leadership of the party.

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Other respondents in the appeal include the ADC, its National Secretary, Rauf Aregbesola, the Independent National Electoral Commission, and a former national chairman, Ralph Nwosu.

Mark is also seeking an order restraining INEC from recognising any leadership other than his faction, pending the determination of the appeal.

However, the respondents urged the apex court to dismiss the appeal, maintaining that the lower court was properly seized of the matter.

In a letter dated April 28, 2026 and signed by Shaibu Enejoh Aruwa, ADC counsel, the Mark-led faction said if the judgment of the apex court is not delivered within the next three days, the ADC “stands the grave and irreversible risk of being excluded from participating in the 2027 General Election”.

The Mark-led faction said the development would deny the constitutional right of millions of Nigerians to contest the elections under the platform of the party.

“My Lord, this appeal was graciously heard expeditiously on the 22nd April, 2026 and judgment was thereafter reserved to a date to be communicated by the court,” the letter reads.

“However, My Lord, we are most respectfully constrained to request for my Lord’s kind intervention and directive in ensuring that the judgment is rendered timeously having regard that INEC the 4th Respondent in the said Appeal purportedly, acting pursuant to the judgment of the lower court in

“Appeal No: CA/ABJ/145/2026 acted to remove or de-recognize the leadership of the African Democratic Congress (ADC) leaving the ADC without leadership at the moment even though the ADC remains a recognized registered political party in Nigeria.

“My Lord, we also respectfully draw Your Lordship’s attention to the INEC Timetable for the 2027 General Elections and the activities in readiness which have already commenced.

“Your Lordship’s would find attached copies of the INEC Press Release de-recognizing the leadership of ADC and the Revised INEC Timetable for the 2027 General Elections.

“My Lord, the ADC’s ability to comply with these statutory requirements to participate in the 2027 General Elections is wholly dependent on the timely delivery of the judgment in the instant Appeal.

“Without the delivery of judgment within the next three days from the date of this letter, the ADC stands the grave and irreversible risk of being excluded from participating in the 2027 General Elections.

“This would disenfranchise millions of Nigerians who have subscribed to the ideals of the ADC and deny them their constitutional right to freely associate and contest elections through a political party of their choice.

“My Lord, we are mindful of the enormous responsibilities and workload of this Honourable Court. We are equally aware that justice delayed, in this peculiar circumstance, would amount to justice denied. The entire political future of our client and the legitimate expectations of its members nationwide now hangs in the balance.”

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