Assien Samuel

It really is your Sole Responsibility to know, understand, calculate and organise your finances. It is a lot to learn and maintain. But the consequences of not knowing about your finances hits harder than the stress of controlling your finances. LEARN!

Breaking news: Youths have stoned APC members in Bauchi state. This is another video they would refuse not to post. Repost aggressively.

People who don’t follow dress codes at the office 1. IT guys 2. IT guys 3. IT guys again

friends but we fuck once in a while

NIGERIA’S MINIMUM WAGE FALLS BELOW INTERNATIONAL POVERTY LINE

Time to reward YOU tonight! 🫵🏽 If Arsenal score against Sporting, we will reward our lucky fans! Like and repost to qualify.🔥

RULES OF MONEY BY RICH DAD POOR DAD 01. Learn to invest. 02. Pay yourself first. 03. Don’t be a hater of it. 04. Give every dollar a job. 05. Spend less than you earn. 06. Have a plan and set goals. 07. Don’t be a slave to money. 08. Keep your finances organised. 09. It’s a game learn how it works. 10. Always have an emergency fund. 11. Always make money work for you. 12. Learn how to make money passive. 13. Use it to solve problems in the world. 14. It’s not what you make, it’s what you keep.

Unless it is specifically necessary that you demonstrate skill Always opt to be underestimated

A sign of intelligent person is their ability to simplify things, not complicate them.

This actually happened. The EFCC published an official statement. July 2025. Over 12,000 young Nigerians were caught running an organised identity fraud operation. They called themselves "Account Suppliers" and "KYC Group." Here is how the operation worked: They would approach ordinary Nigerians students, market traders, anyone and offer them between ₦1,500 and ₦2,000. In exchange, the person had to hand over their NIN slip, BVN, passport photograph, and address details. The canvassers then sold that complete identity package to fintech companies for ₦5,000 per person. Those identities were used to open accounts. Those accounts were used for investment scams, money laundering, and crypto purchases to clean the trail. 12,000 people. Nationwide operation. The EFCC called it a threat to national security. Now think about what this means for you as a developer building a fintech product. Your KYC passed. BVN verified. NIN verified. Face match passed. But the face on the BVN database was sold for ₦2,000 to a canvasser who sold it for ₦5,000 to someone opening a fraud account. Your system did everything right. And still let a fraudster in. This is why the strongest fintechs are moving beyond static document verification toward behavioral signals device fingerprinting, transaction velocity, network analysis, anomaly detection on new accounts. A stolen BVN passes a KYC check. It does not pass a system watching how the account actually behaves. Build for the reality of the market you are operating in.

Seven people including three bank employees were arraigned by the EFCC over an alleged ₦8.5 billion banking fraud in Lagos. Not hackers breaking into the system. Insiders already inside it. On May 23, 2025, the EFCC brought the suspects before Justice Daniel Osiagor at the Federal High Court in Ikoyi over a scheme investigators say involved manipulating internal banking processes. Three of the suspects were Wema Bank staff: • Samuel Ihechukwu Asiegbu • Fabian Chizaram Onyeimachi • Kingsley Kelechi Ejim They allegedly worked with four external accomplices: • Hannah Okunlola Adesokan • Hamza Zakariya • Achionu Chukwuka Ubaku • Sunday Osademe According to the EFCC, the group tampered with internal banking data and transaction records tied to accounts domiciled in Wema Bank. Investigators say the manipulation happened around January 2025. The altered records allegedly allowed fraudulent transactions to be triggered inside the bank’s infrastructure, leading to the diversion of about ₦8,568,090,500. That’s over ₦8.5 billion moved through manipulated internal systems. The suspects were charged with eight counts, including: • conspiracy to commit fraud • obtaining money under false pretence • cyber-enabled financial crime All seven defendants pleaded not guilty. The court ordered several of them remanded in Nigerian Correctional Service custody while the trial proceeds. Cases like this are why banks fear insider threats more than external hackers. Because the most dangerous vulnerabilities aren’t always in the firewall. Sometimes they’re in the people who already understand the system.

One of my greatest mistake in Life as a Farmer is being a FARMER. I shouldn’t have invested in a sector that is dependent on Government policies and bottlenecks. In my line of business,there’s no escaping Government inefficiencies. Nigerian Government will do everything in agriculture except solving problems. For more than 20 years farmers have been saying that we suffer seasonal Glut because we simply cannot individually afford Machinery for Egg Pasteurization. Government will listen to our complaints, lie that they are coming up with a NEGPRO scheme and go ahead to simply do the opposite of what was agreed. With high Electricity and Gas prices, investors are guaranteed not make their money back as Egg powder produced in Nigeria will fail to compete with Global market. Companies will rather import than buy made in Nigeria raw materials. State Governors are worse, they simply have no clue of what to do outside of using fertilizer as a political tool. They have refused to build or sustain any critical infrastructure (Dams, Health and safety of animals, meaningful collaborations or Training) The CBN under Emefiele refused to allow the Bank of Agriculture to do its job. With the growing insecurity and policy missteps farmers in Nigeria have little to no incentive to continue to run or grow their businesses. Don’t go into Agriculture, it’s simply not worth it.

If 16,000 kg of Gold left Nigeria to Dubai while the FG acknowledged exporting only 64kg, then how did Dubai receive more 15,900kg of Gold from Nigeria? Nigerians seem not disturbed enough about what is going on in Nigeria

Two Nigerian bank employees were arrested after allegedly stealing money from a dead customer’s account. Not hacking. Not malware. Just insider access. EFCC investigators say the incident happened at a Union Bank branch in Makurdi, Benue State. The victim: Emmanuel Azer Agenna, a bank customer who had passed away. Like many cases after a customer’s death, the account remained inactive for months while the family prepared probate and inheritance documentation. According to investigators, two bank staff: • Idah Ogoh – Sales & Service Associate • Agbo Okwute – Sales & Service Associate allegedly exploited that window. Here’s how the scheme reportedly worked: First, the insiders identified the dormant account belonging to the deceased customer. Then on May 10, 2023, one of them processed a new ATM debit card request on the account. Normally issuing a debit card requires: • the account holder present • identity verification • authorization from the customer But with internal banking system privileges, the request was allegedly approved. After the card was issued: • Ogoh allegedly handed the card to Okwute • Okwute then passed it to an external accomplice That accomplice began making ATM withdrawals from the deceased customer’s account. Total amount allegedly withdrawn: ₦4,199,500. Because the withdrawals looked like normal ATM transactions, nothing was immediately flagged. The fraud only surfaced later when the family of the deceased visited the bank to obtain the account balance for probate. They noticed unauthorized debits and disputed the balance. Union Bank launched an internal audit. Transaction logs showed: • the debit card had been issued after the customer’s death • ATM withdrawals were linked to that card. The bank filed a petition with the EFCC Makurdi Zonal Command. Both employees were arrested on June 21, 2024. Cases like this show why insider threats are one of the biggest risks in banking. Not hackers breaking in. But employees who already understand the system.

This is comptroller general of the federal fire service Mr Olumode Adeyemi appointed by Tinubu Aug2025. Just last December, People died in multiple fire incidents in Lagos with no rescue in sight: Yet this is how the useless incompetent CG moves around. x.com/Fedfireng/stat…

Insider fraud in Nigerian banks isn’t always hackers. Sometimes it’s the people who already have the keys. Case study 👇 Obinna Nwaobi — Head of Operations at Access Bank (Enugu branch). His role gave him legitimate privileges inside the bank’s internal systems: • processing domestic fund transfers • verifying large transactions • authorizing internal paperwork In Aug 2024, he allegedly exploited that trust. He forged an official Access Bank Domestic Fund Transfer Form — a document normally used to authorize high-value transfers between accounts. Using that forged instruction, the bank’s internal processing flow treated the transaction as legitimate. Result: $510,000 (₦739M+) was moved out of Lantern Gate Nigeria Limited’s corporate account without the company’s authorization. The funds were then split across six different accounts he controlled. This is a classic insider fraud pattern: 1.Access to internal financial workflow 2.Forged authorization document 3.Exploiting trust in internal verification 4.Splitting funds across mule accounts The fraud was eventually detected during internal reconciliation checks. Access Bank reported the incident to the EFCC in Sept 2024. On Nov 13, 2025, he was arraigned on nine counts of forgery and criminal diversion of funds. He pleaded not guilty. This is what insider threat risk looks like in banking. Not SQL injection. Not phishing. Just someone inside the system.

This actually happened. It happens every day in Nigeria. NIBSS confirmed it accounts for 25% of all digital fraud attacks. Someone calls your network provider. They have your name. Your date of birth. Maybe your NIN bought from a data broker for as little as ₦5,000. They tell the customer care agent they lost their SIM. The agent processes the swap. Your phone goes silent. No signal. You assume it is a network issue. While you are waiting for bars to return they are resetting your banking passwords using OTPs sent to the number that is now theirs. By the time you realise what happened, the account is empty. This is SIM swap fraud. And Nigerian banks reported a 300% increase in cases between 2022 and 2024 according to NIBSS data. The reason it works so well here: Most Nigerian banking apps still use SMS OTP as the primary second factor. Which means control of your phone number equals control of your account. What you can do as a developer building financial products: • Never rely on SMS OTP alone for high-value transactions • Implement in-app authenticators as an alternative • Add device binding that flag logins from new devices immediately • Set transaction limits that require additional verification beyond OTP • Build anomaly detection.... a login from a new device immediately followed by a large transfer should never go through silently And as a user: • Set a SIM swap PIN with your network provider • Use an authenticator app where available • Never share your NIN, BVN, or date of birth in public giveaway forms The fraudster did not hack a server. All they did was to call a customer care line. That is how most of this actually works.

A First Bank employee named Tijani Muiz Adeyinka worked on the electronic products team. His job gave him legitimate access to process reversals for customers. He used that access to credit merchant accounts with money that was not theirs. The fraudulent postings went to his wife's Zenith Bank account first. From there to 34 other accounts. Which then spread to 1,190 secondary accounts across multiple banks. By the time First Bank noticed and reported it to the Nigeria Police Force on March 25, 2024...the figure had grown from ₦12 billion to ₦40 billion. He was already on the run. Three court orders across Lagos and Jalingo were obtained to freeze accounts. Some of the money had already been converted to USDT through crypto traders. This is what insider fraud actually looks like in Nigerian banking. Not a dramatic hack. A staff member. A privileged function. No second authorization required. If your system allows any single person to trigger financial transactions without a second approval layer that is your vulnerability. Segregation of duties is not bureaucracy. It is what stands between your system and ₦40 billion walking out the door.

"If you have no capital, sell your knowledge, time or service"

Chase the vision so hard money has to find you.

Even if we lose it all! Still a gooner till I die!