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Police nab suspected ATM fraudsters in Adamawa, recover cash, others

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The police command in Adamawa has arrested two suspected fraudsters for alleged ATM card swap fraud in the state.

The suspects were identified as Yusuf Maika and Abubakar Mustapha, 52 years, both residents of Jos, Plateau State.

In a statement on Friday, the command’s spokesperson, Suleiman Nguroje, said the suspects were arrested for allegedly defrauding one Yunusa Usman of the sum of ₦400,000 at an Access Bank ATM cubicle in the state.

“The arrest followed a complaint lodged by the victim and immidiate response from the Bank’s staff on Monday, 7th September, 2026,” the statement said.

The command noted that preliminary investigation revealed that the suspects specialise in targeting ATM users experiencing network or transaction difficulties.

It added that the suspects offered unsolicited assistance to such victims, observe their PINs, and subsequently swap their ATM cards with similar cards without their knowledge. 

“The suspects would then use a mobile POS machine to withdraw or transfer funds from the victims’ accounts,” the statement added.

Items recovered from the suspects include 23 ATM cards belonging to different banks, one moniepoint POS machine used in debiting victims’ accounts and the sum of ₦400,000, proceeds of the alleged fraud. 

The command explained that during interrogation, the suspects disclosed that they came to Adamawa State from Jos, Plateau State last week for the purpose of perpetrating the crime.

It added that the suspects remain in police custody and will be charged to court upon completion of investigation.

The command urged members of the public to exercise caution when using ATM facilities, avoid disclosing their PINs to anyone, and immediately report any suspicious individual offering unsolicited assistance at ATM points to the police or bank officials.

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‘My Mother Wanted Me Married, Not Playing Football’ — U-17 Captain Harmony Chidi

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Nigeria U-17 captain Harmony Chidi has shared the personal challenges she faced while pursuing her football career, revealing that her mother initially opposed her decision to play the sport and wanted her to get married instead.

Speaking about her early journey in football, Chidi explained that her grandmother was the only person who encouraged her to keep pursuing her dream despite the lack of support at home, Sports247 gathered.

“When I started football, my mama didn’t allow me play. She didn’t want me playing football; she wanted me to get married. Only my grandma encouraged me, and now my grandma is no more. It’s just me and my mum now,” Chidi said.

Her revelation highlights the personal obstacles she had to overcome in order to pursue a career in football, with her grandmother playing a significant role in encouraging her ambition.

Despite the challenges, the young Nigerian captain remains determined to make her mark in the game and has set herself an ambitious target.

Chidi declared that she hopes to surpass the achievements of Super Falcons legend and former African Footballer of the Year, Asisat Oshoala.

“My dream is to be greater than Asisat Oshoala,” she said.

Her ambition reflects the confidence and determination she carries as she continues her development in the game. Oshoala’s achievements have made her a reference point for aspiring Nigerian female footballers, and Chidi now hopes to carve out a legacy of her own.

For the U-17 captain, the journey is about more than playing football; it is also about pursuing a dream that was not initially supported by those closest to her.

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Veritas Kapital Assurance Records 54% Growth in Total Assets to ₦54.56 Billion, Strengthens Financial Position

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Veritas Kapital Assurance Plc has recorded a 54 per cent increase in total assets to ₦54.56 billion as at September 30, 2026, compared to ₦35.40 billion recorded in the corresponding period of 2025, reflecting growth in the company’s financial position.

The company’s unaudited financial results for the nine months ended September 30, 2026, also showed a 60 per cent increase in total equity, which rose from ₦19.12 billion in 2025 to ₦30.59 billion.

This growth was supported by an increase in share capital from ₦6.93 billion to ₦14.43 billion and share premium from ₦663.6 million to ₦8.16 billion.

Further reflecting the growth in its financial position, cash and cash equivalents increased by 28 per cent, from ₦7.98 billion to ₦10.17 billion, while investment securities held at amortised cost more than doubled, rising from ₦12.45 billion to ₦25.64 billion.

The company also recorded a 34 per cent increase in net investment income, from ₦2.61 billion in the corresponding period of 2025 to ₦3.51 billion in 2026. This performance reflects the contribution of its investment portfolio to income during the period.

Commenting on the results, the Managing Director/Chief Executive Officer, Dr. Adaobi Nwakuche, said: “Our nine-month performance reflects notable developments in our financial position, particularly the growth in our asset base, equity position and investment income.

“As we continue to build on these gains, our focus remains on strengthening our core insurance business, enhancing operational efficiency and improving overall business performance.

“Our commitment to meeting our obligations to policyholders remains central to our business as we work towards delivering sustainable value to all stakeholders.

The results also highlight areas requiring continued management attention within the company’s underwriting operations. Insurance revenue stood at ₦15.41 billion, compared to ₦16.31 billion in the corresponding period of 2025, while the company recorded a loss after tax of ₦3.84 billion, against a profit after tax of ₦4.12 billion in the previous year.

This performance was largely attributable to increased insurance service expenses and net expenses from reinsurance contracts held.

Overall, the results reflect growth in Veritas Kapital Assurance’s asset base, equity position and investment income, alongside areas for improvement in its insurance operations.

The company remains focused on strengthening its core business, enhancing operational efficiency and sustaining its commitment to delivering dependable insurance solutions and long-term value to its stakeholders.

About Veritas Kapital Assurance Plc
Veritas Kapital Assurance Plc is a Nigerian insurance company providing general insurance solutions to individuals and businesses. The company is committed to delivering reliable insurance services and building lasting relationships with its customers and stakeholders.

The post Veritas Kapital Assurance Records 54% Growth in Total Assets to ₦54.56 Billion, Strengthens Financial Position appeared first on Business Today NG.

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