Merchant used the company’s interface with a bank to perpetrate N11 billion fraud

Synopsis

In May 2018, eTranzact International Plc, a Nigerian fintech company, became embroiled in an N11 billion fraud scandal. Michael Obasuyi, managing director of Smart Microsystems Limited, alleged that a significant fraud had been perpetrated against a b...

Companies

  • eTranzact
  • eTranzact International Plc

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