Data protection: NDPC investigates Remita, Sterling Bank over alleged data breach
Nigeria Data Protection Commission has confirmed it is investigating a reported data breach involving Remita Payment Services Ltd., Sterling Bank, and other related organizations. A statement from Babatunde Bamigboye explained that a formal Notice of Investigation has been served to the companies involved. “Relevant parties and individuals have been supplying information to address the incident,” […]
DICON, Terra Industries seal pact to deepen local defence system manufacturing
Nigeria has moved to boost local defence production after the Defence Industries Corporation of Nigeria signed an MoU with Terra Industries to form a joint venture company. The agreement, backed by the DICON Act 2023, focuses on indigenous manufacturing and research in advanced military systems. Officials say it marks a new phase in reducing reliance […]
Lagos court jails man for N8.56 billion Wema Bank fraud
A Lagos court has sentenced a man to prison after he was found guilty of being involved in a massive N8.56 billion financial fraud linked to Wema Bank. The case, which has drawn public attention due to the huge amount involved, centered on allegations that the suspect illegally moved funds through fraudulent banking transactions. The […]