Friday, August 5, 2016

Cold Blooded Murder’: Chicago Police Releases Paul O'Neal ‘Execution’ Video

The family of an unarmed 18-year-old man shot in the back by Chicago police last week is calling the police shooting an “execution,” after footage of the incident was released Friday.

South China Sea Buildup: Secrets Revealed for Beijing’s New Aircraft Carrier

As the Chinese People’s Liberation Army Navy makes significant upgrades to its fleet, a newly emerged photograph shows that the nation’s third aircraft carrier will feature a catapult system, instead of the ski-jump method used in earlier models.

With tensions escalating in the South China Sea, Beijing has been steadily upgrading its naval forces. In addition to the construction of new fighter jets, early-warning patrol aircraft, anti-submarine warplanes and helicopters, the PLA Navy is also in the process of adding new aircraft carriers.

Dollars To Hajj Pilgrims: CBN To Lose N7.6bn Tax Payers' Money

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange rate of N197.

The Central Bank explains that the sale of the forex will be funneled through commercial banks who are then mandated to sell to pilgrims at N197. Pilgrims are expected to purchase a minimum of $750 and a maximum of $1000 per pilgrim.

Scammers Infect Themselves With Own Malware, New Wire-wire Fraud

A pair of security researchers recently uncovered a Nigerian scammer ring that they say operates a new kind of attack called “wire-wire” after a few of its members accidentally infected themselves with their own malware. Over the past several months, they’ve watched from a virtual front row seat as members used this technique to steal hundreds of thousands of dollars from small and medium-sized businesses worldwide.

EFCC Arrests 3 FAAN Staff For N100m Fraud Using 8 Accounts

The EFCC, on August 2, 2016 arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria, FAAN, Christy Olabode, for an alleged fraud to the tune of N100 million. Also arrested was her younger brother, Abdul-Shehu Obaze, a staff at the Commercial Department of FAAN in Ilorin, Kwara State, and Dominic Ojo, an IT officer at FAAN Headquarters, Lagos. Her arrest followed an anonymous petition, which indicated that she allegedly diverted the said sum, by inserting names of non-FAAN staff into its payroll. She allegedly conspired with Obaze, to perpetrate the fraud.