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JUST IN- Globus Bank Battles N1.7bn Electronic Transfer Fraud

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Globus Bank Limited has filed an application before a Lagos high court seeking an order for recovery of a total sum of N962,019,843.35 fraudulently transferred electronically from its vault into accounts domiciled in eight commercial banks.

Globus Bank
Globus Bank

The N962m is part of the total N1,755,376,156.34 transferred from the bank between Monday 6th and Saturday 11th of June 2022. The bank has already recovered the sum of N817,998,969.85 from the accounts of the fraudsters.

In an affidavit sworn to by the legal officer, Kosisochukwu Ngene, Globus Bank said fraudsters took advantage of a system glitch in its USSD application between Monday 6th and Saturday 11th of June 2022 to process several fraudulent and unauthorized electronic transfer totalling N1,755,376,156.34 (One Billion, Seven Hundred and Fifty-Five Million, Three Hundred and Seventy-Six Thousand, One Hundred Fifty-Six Naira thirty-four kobo.

The bank said 709 people who were its customers were involved in the fraudulent transfer of the funds to accounts domiciled in eight commercial banks.

It added that immediately it discovered the glitch, it instantaneously notified all the banks involved and requested that the beneficiary accounts be restricted.

This, Globus Bank said was in line with Central Bank of Nigeria regulation to avoid dissipation of the funds fraudulently transferred into the accounts domiciled with the banks.

Subsequently, Globus Bank immediately approached the Magistrate Court, in the Yaba Magisterial District and obtained an order directing the banks to freeze and reverse the amount fraudulently transferred into various accounts domiciled in the banks.

In response to the order served on the respondents some of the respondents were able to salvage certain sum wherein the total sum of N817,998,969.85 were returned to the bank while the total sum of N962,019,843.35 is still outstanding and yet to be returned to the bank by the respondent’s banks.

The Excel sheet which contains the names of the respondents the total amount fraudulently transferred from Globus bank, the total amount salvaged and returned to Globus and the total amount outstanding is analyze was also filed before the court.

Globus Bank said it still requires the order of the high court to enable the other banks to reverse and remit the salvaged funds to it.

It added that the other banks have requested an order of the high court, to enable them to reverse and remit the salvaged funds.

“Consequently, Globus Bank Limited is seeking the following reliefs from the court.

“An Order of the Court directing all the eight banks to immediately reverse and remit to, Globus Bank Limited the total sum of N962,019,843.35 (Nine hundred and sixty-two million, nineteen thousand, eight hundred and forty-three naira, thirty-five kobo), being the outstanding sum yet to be salvaged from the fraudulent transfer into several accounts domiciled with the eight Respondents from the Globus bank 709 customers’ accounts, less depleted sum.

An order directing the eight commercial banks to release all account information in respect of the destination accounts and the beneficiaries of the transfer funds.

“And for such further order(s) as the court may deem fit to make in the circumstances of this case.

Source- TheNewsNigeria

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President Tinubu Confers National Honours on 50 Pro-Democracy Figures

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President Tinubu honoured 50 Nigerians on Democracy Day 2026, including Dasuki, Joe Igbokwe and Dele Alake. See the full list and what it means.

president Tinubu

On 12 June 2026, President Bola Tinubu conferred national honours on 50 Nigerians described as key figures in the country’s pro-democracy struggle.

The announcement was made during the 2026 Democracy Day address, which commemorates the annulled 12 June 1993 presidential election. Honourees include journalists, civil rights activists, and military officers.

President Bola Tinubu conferred national honours on 50 prominent Nigerians on Friday, 12 June 2026. The honourees were recognised as central participants in the nation’s pro-democracy movement, a campaign that opposed military dictatorship throughout the 1990s.

The announcement formed part of the president’s nationwide 2026 Democracy Day address. Democracy Day marks the anniversary of the 12 June 1993 presidential election, a poll widely regarded as the freest in Nigerian history before its annulment by the military government of the period.

READ ALSO: Why I Refused To Align Any Political Party In Nigeria—Yakubu Gowon

This article outlines the context of the awards, identifies the categories of honourees, names notable recipients such as Sambo Dasuki, Joe Igbokwe, and Oladele Alake, and explains the next steps in the conferment process.

Why did Tinubu confer the national honours on 12 June 2026?

The conferment is tied directly to Democracy Day, an annual observance commemorating the 12 June 1993 presidential election. President Tinubu used the occasion to recognise individuals identified as central figures in Nigeria’s transition from military rule to civilian democracy.

In his address, the president stated that the honourees suffered persecution in the course of the pro-democracy struggle. He noted that many endured indignities, exile, incarceration, and, at times, solitary confinement so that Nigeria could enjoy democratic governance today.

The recognition therefore functions as both a historical acknowledgement and a formal state honour, linking the sacrifices of the 1990s to the present democratic order.

Who are the notable recipients of the national honours?

The honours list comprises several categories of recipients, including journalists, civil rights leaders, legal practitioners, and senior military officers. Among the most widely recognised names are the following:

  • Oladele Alake, a long-standing public figure in Nigerian governance and media.
  • Joe Igbokwe, a prominent political activist and commentator.
  • Colonel Sambo Dasuki, a senior military officer included in the soldier-democrats category.
  • Dr Joe Okei-Odumakin, a recognised civil rights campaigner.
  • Dr Arthur Nwankwo (posthumous), honoured for his role in the democratic struggle.
  • Ben Charles-Obi (posthumous), recognised among the journalists and activists.

The inclusion of posthumous awards reflects the state’s intention to acknowledge contributors who did not survive to witness the present democratic dispensation.

What categories of honourees were recognised?

The honours list is organised into two broad groupings. The first comprises journalists, lawyers, academics, and civil rights leaders. The second comprises military officers designated as “soldier-democrats”.

Journalists, lawyers, and civil rights leaders

This grouping recognises individuals who advanced the pro-democracy cause through media, advocacy, and legal channels. Named recipients include:

  • Barrister Ayoka Lawani
  • Tunde Fagbenle
  • Oladele Alake
  • Olatunji Bello
  • Louis Odion
  • Segun Babatope
  • Sam Omatseye
  • Sir Ademola Osinubi
  • Bola Bolawole
  • Lade Bonuola
  • Femi Kusa
  • Debo Adeniran
  • Chief Ayo Opadokun
  • Chief Ralph Obiora
  • Ose Osayande
  • Barrister Osa Director
  • Professor Sylvester Odion-Akhaine
  • Dr Arthur Nwankwo (posthumous)
  • Dr Osagie Obayuwana
  • Dr Joe Okei-Odumakin
  • Barrister Titus Mann
  • Joe Igbokwe
  • Richard Akinnola
  • Ben Charles-Obi (posthumous)
  • George Mbah
  • Dr Niran Malaolu
  • Major-General Ishola Williams (retired)
  • Femi Aborisade
  • Jenkins Alumona
  • Gbemiga Ogunleye
  • Muyiwa Adekeye
  • Babajide Kolade-Otitoju
  • Ike Okonta

Soldier-democrats

This grouping recognises military officers associated with resistance to military dictatorship. Named recipients include:

  • Major-General M. A. Garba
  • Brigadier-General Lawal Jaafaru Isa
  • Colonel Umar Farouk Ahmed
  • Colonel Sambo Dasuki
  • Colonel Lawan Gwadabe
  • Brigadier Jonathan Ndam Temlong
  • Colonel Musa Shehu
  • Major-General Chris Eze
  • Major-General Harris Dzarma
  • Colonel Isa Jibrin
  • Major-General Joseph Oshanupin
  • Colonel Olusegun Oloruntoba, Olugbede of Gbede Kingdom
  • Lieutenant-Colonel Happy Kefas Bulus
  • Colonel J. Okai
  • Colonel Emmanuel Ndubueze
  • Lieutenant-Colonel Yakubu Muazu
  • Brigadier Yahaya Abubakar, the current Etsu Nupe and existing holder of the CFR title

When will the awards be formally presented?

The president stated that the formal presentation and conferment of the awards will be carried out in the coming days. According to the address, the full honours list will be released within the next few days.

The announcement therefore represents the declaration stage of the process rather than the formal investiture, which is scheduled to follow.

What does this conferment signify for Nigeria?

The 2026 Democracy Day honours connect the historical pro-democracy struggle to contemporary national recognition. By including journalists, activists, lawyers, and military officers, the awards acknowledge a broad spectrum of contributors to Nigeria’s civilian transition.

The presence of posthumous awards further underlines the state’s intention to honour participants across generations, including those who did not live to see the present democratic order.

Frequently asked questions

How many Nigerians received national honours on Democracy Day 2026?
President Bola Tinubu conferred national honours on 50 Nigerians during the 2026 Democracy Day address on 12 June 2026.

Why is 12 June significant in Nigeria?
12 June marks the anniversary of the 1993 presidential election, which was annulled by the military government of the time. The date is now observed as Nigeria’s Democracy Day.

Who are the most notable recipients of the 2026 national honours?
Notable recipients include Oladele Alake, Joe Igbokwe, Colonel Sambo Dasuki, and Dr Joe Okei-Odumakin, alongside posthumous honourees such as Dr Arthur Nwankwo and Ben Charles-Obi.

Were any awards conferred posthumously?
Yes. Posthumous honours were conferred on Dr Arthur Nwankwo and Ben Charles-Obi in recognition of their contributions to the pro-democracy struggle.

When will the national honours be formally presented?
President Tinubu stated that the formal presentation and conferment will take place in the coming days, with the full honours list to be released shortly after the announcement.

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Dating A Short Man Feels Like I Am Dating My Son— Diminutive Ghanaian Woman (Video)

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A short-statured Ghanaian woman has sparked online debate after making contentious remarks regarding her romantic relationship preferences.

Diminutive Ghanaian Woman

During a recent interview with De God Son TV, the diminutive lady expressed her aversion to dating guys of shorter height despite her diminutive Ghanaian woman. She remarked that short men do not match her “specifications” for relationships.

When questioned about her explanation, she stated that she sees shorter men as resembling infants, even though they are adults.

“I have a 7-year-old son, so dating a short man feels like dating my son,” she explained, finding parallels between her personal and romantic lives.

Watch the video below.

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Davido Trends As His New Rolls Royce And Tesla Cybertruck Land In Nigeria (PHOTOS)

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Once again, Nigerian singer Davido has made headlines for proving his status as a rich man with two luxury cars entering Nigeria: a Rolls-Royce and a Tesla Cybertruck.

Davido

The musician posted a picture of the trip on social media, his pure white Rolls Royce parked on the runway, ready for shipment.

https://femotech.com.ng/coming-out-as-hiv-positive-was-harder-than-coming-out-as-gay-gay-rights-activist-bisi-alimi-video/

Another photo depicted the Tesla Cybertruck being loaded into an aircraft to verify the truck’s arrival in Nigeria.

Davido tesla cybertrucks

Cubana Chief Priest, another close associate and entrepreneur, also saluted the new cars with an Instagram image. He congratulated Davido on his feats, dubbed him the “GOAT,” and hinted at a festive December with new vehicles added to the singer’s collection.

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