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Chiamaka Agim was too careless with her Card Information, Mobile Phone’- IT specialist Shola Akinwale

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Chiamaka Agim

Over the week, one Miss Chiamaka Agim went viral on social media, calling out Zenith Bank after a fraudulent unauthorized transfer was carried out from her account where a tune of four million Naira was siphoned on the 9th of January 2023. In other to sway public sympathy, Chiamaka resorted to all kinds of threats saying she will commit suicide if her money is not returned to her account. After recounting her experience on how the incident occurred via her post on social media, Shola Akinwale, a time-tested Information Technology personality and former bank employee, took interest in the case and launched a private investigation into what might her transpired leading to an unauthorized transfer.
After his private investigation, Shola found out that the said amount could not have left Chiamaka’s account without authorization via a token which must have been sent to her mobile phone. He further stated that; her card pin, expiry date and other information on it might have been compromised.  Maybe her phone must have been stolen for the person who carried out the fraud to have successfully transferred the money into another account. “The theft was a coordinated one I must tell you. She must have revealed her information to a close ally who carried out the transaction, or she is not saying the truth about what happened to either her ATM card or her mobile phone. She might have revealed some information to those close to her who carried out such theft. On the other hand, her card might have been compromised maybe she had fallen victim to some fraudulent POS operator who has cloned her card. From my investigation, I gathered that it’s not her first time using such means to transfer money using an e-token. No one can authorize the transfer without her access to the mobile phone where the token was or One Time Password OTP must have been inserted to complete the transaction. The funny aspect is that the money was transferred three times into a different account. It means the e-token was generated three times. So something is wrong somewhere.
According to section 3,4,6, Cardholders users of CBN guidelines on the operation of electronic payment channels in Nigeria issued in June 2020A card holder/ user shall;
Protect the Payment card, mobile device and pin with due care.Notify the issuer immediately the pin is compromised.
iii. notify the issuer immediately about stolen, damaged, lost or destroyed cards and mobile phones.

Section 3.4.6.5  stated further that; The cardholder shall be held liable for fraud committed with his card arising from the misuse of his pin or debit card.”

Zenith Bank is not at fault. The fault is coming from Chiamaka who was careless with her information or her phone. It’s nearly possible for such a huge amount to move without authorization from the owner of the account. So Chiamaka should think deeply and get anyone who might be a suspect around her. She did not guard her information jealously”

On the other hand, sympathizers on social media have also called on Zenith bank to make their investigation and reveal what really happened in the said fraud. Zenith bank quickly swung into action by calling for an in-house investigation. According to an internal memo on the investigation carried out by the bank, it was recorded that; Chiamaka authorized the transfer. She authorized a transfer of 3,715,000, 222,900 and 102,000 via an e-token assigned with serial numbers to the transfers to various accounts in different banks. From investigation, it was gathered that she used the e-token to change the authentication mode from token to Mobile pin on the 21st of November 2021. The Information was also used to enrol a Zenith Bank Mobile Banking app on the 6th of December 2021 on an iPhone 11 pro-Max at exactly 11:25.06 pm. It was gathered that she had authorized many transactions with the E-token and four-digit pin using the mobile app severally and she never complained of any lagging from the bank before the said disputed transaction was carried out. “The transaction was consummated by the device iPhone 11 pro-Max on the 9th of January 2023. If you claim the transaction was not authorized by you is true. It means someone had unrestricted access to your device.’ It was further gathered that when she reported the incident, the e-token was disabled and the fraudulent transfer was escalated to the beneficiary bank which is UBA and Access Bank. UBA claimed the beneficiary account from their end had a good profile and does not depict fraud while Access Bank was able to salvage 800 thousand from the beneficiary account as they await a court order to be able to repatriate the salvaged funds back to Chiamaka’s account.

It was also stated in the investigation that; Chiamaka did not immediately block the account on noticing the fraudulent transfer by using the emergency *966*911#code to block other unauthorized transfers. She also did not call the open 24 hours daily call centre for help. If she had done that, they would have taken swift action by reversing the transaction but she didn’t reach out to the bank for such assistance.

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Eid al- Fitri – Obasa Felicitates Muslims, Urges Support, Prayers for President Tinubu

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Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has extended a heartfelt felicitation to Muslim faithfuls across Nigeria and beyond on the occasion of Eid al-Fitr, which marks the end of the holy month of Ramadan.

The Lagos Speaker seized the occasion to urge Nigerians at home and in the Diaspora to continue supporting and praying for the country and President Bola Ahmed Tinubu.

While congratulating the Muslim ummah on the joyous occasion of Eid al-Fitr, Dr. Obasa, in a statement by his media office, emphasised the need to uphold the festival’s inherent values of forgiveness, compassion, charity, and patience beyond this season.

“As we celebrate with excitement and enthusiasm, let us remember that Eid al-Fitr is a moment of thanksgiving, joy, and spiritual renewal. Importantly, let us hold on to the spirits of love, tolerance, kindness, and compassion that we learnt in the holy month,” Obasa stated.

The Speaker urged Nigerians to pray for the country and the President for his transformative efforts and relentless sacrifices to enthrone and entrench a better nation.

“In President Tinubu, we have a leader who is committed to the progress, prosperity, and peaceful co-existence of all. All we need to do as a people is support and pray for him. I do not doubt that his visionary leadership and Renewed Hope blueprint will guide Nigeria back to the right path,” Dr Obasa stated.

Though on recess, the Speaker reiterated the commitment of the Lagos State House of Assembly to promoting religious harmony and policies that will engender and ensure the development and overall well-being of Lagosians nay Nigerians.

He assured that under his leadership, the state legislature will continue to work together in peace and harmony with the primary objective of ensuring economic prosperity while supporting initiatives that enhance the socio-economic growth of the state and Nigeria at large.

Concluding, Dr. Obasa said, “On behalf of my family, colleagues, and the management and staff of the Assembly, I wish our Muslim brothers and sisters a beautiful, bounteous, and blessed celebration.”


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Hon. Bisi Yusuf Felicitates Muslims on Eid, Calls for Unity and National Progress

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As Muslims across the world celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan, the Baba Adeen of Alimosho Federal Constituency, Hon. Bisi Yusuf, has extended his warm greetings to the Muslim faithful.

In his Eid message titled “Eid Mubarak!”, Hon. Yusuf emphasized the enduring blessings of Ramadan and expressed optimism that the prayers offered during the sacred period would bring divine favor to individuals, families, and the nation.

“The prayers we made—for ourselves, our families, and our great nation—will not go unanswered, In Sha Allah,” the Alimosho All Progressives Congress apex leader assured.

He urged Muslims to continue upholding the core values of Ramadan, including peace, love, patience, and charity, stressing that these principles are essential in fostering unity and driving national progress.

“By lifting one another, strengthening our communities, and working for national progress, we bring positive change to our land,” the two-term former chairman of Ayobo-Ipaja Local Council Development Area stated.

Hon. Yusuf also prayed for the prosperity of Nigeria and divine guidance for President Bola Ahmed Tinubu as he steers the country toward a brighter future.

“May Allah bless our dear nation and guide President Tinubu as he leads us toward a brighter and greater Nigeria,” he added.

The three-term member of the Lagos State House of Assembly concluded his message with a heartfelt Eid greeting to all Muslims: Barka Da Sallah!

 


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Tinubu Signs Historic N54.99 Trillion Budget of Restoration, Promising Economic Revival

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President Bola Tinubu on Friday signed the N54.99 trillion 2025 Budget of Restoration into law, emphasizing that discipline and diligence would guide its implementation. The signing ceremony, held in Abuja, was attended by Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbass, and Senate Committee Chairman on Appropriation Sen. Solomon Adeola.

In his address, President Tinubu expressed optimism about Nigeria’s economic future, stating, “Today, we take another bold step in our nation’s journey of economic recovery, stability, and growth with the signing of the 2025 Budget of Restoration. We reaffirm our commitment to securing our future, rebuilding prosperity, and ensuring that every Nigerian shares in the dividends of governance.”
Reflecting on the challenges faced in the past year, the President highlighted the government’s economic discipline and reforms that have yielded positive results. He pointed to a national GDP growth of 3.86% in the final quarter of 2024, marking the fastest growth in three years. Revenues also surged to N21.6 trillion from N12.37 trillion, while the fiscal deficit was reduced from 6.2% in 2023 to 4.17% in 2025.
“These achievements were made possible through economic discipline and strategic reforms,” Tinubu noted. “Forex reforms have restored investor confidence, and we are witnessing the stabilization of our markets. The minimum wage increase to ₦70,000 has also boosted the purchasing power of workers. Infrastructure development is progressing rapidly, with key projects such as the 750km Lagos-Calabar Coastal Highway and the 1,068km Sokoto-Badagry Superhighway,” he added.

The President expressed gratitude to the National Assembly for their swift passage of the budget and called for continued collaboration in its implementation. “We have no dust on our faces or tears in our eyes. We walked together as brothers and sisters. Though the initial outlook was turbulent, we can now see signs of progress,” he said.

He also outlined priority areas in the budget, such as national security, infrastructure, energy, healthcare, education, and human capital development. An increased allocation for agriculture and food security was highlighted as crucial for boosting local food production and preventing hunger across the nation. Additionally, more funds for social welfare programs are set to support vulnerable groups, including youth and women.

However, the President made it clear that the budget’s success hinges on fiscal responsibility. “We cannot spend what we do not have,” he said. He emphasized the need to ensure that every naira spent is backed by actual revenue, with a focus on expanding government earnings and fostering public-private partnerships.
Tinubu also pledged accountability from all government agencies, promising that each department would be held responsible for ensuring prudent spending and delivering value for money. He further explained that efforts would be made to redefine amendments within the Appropriations Act to ensure smooth budget implementation.

Senate President Akpabio assured Tinubu of the National Assembly’s full support, acknowledging that the President inherited a struggling economy and has successfully navigated its recovery through his leadership and expertise.

Finance Minister Wale Edun added that the successful passage of the budget was the result of continuous collaboration and analysis between the executive and legislative arms of government.
As Nigeria embarks on the implementation of the ambitious budget, all eyes will be on the government to fulfill its promise of economic restoration and growth.


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