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EFCC secures conviction of firm for stealing ₦30.56m from Chevron contract staff

The Economic and Financial Crimes Commission has secured the conviction of AAC Consulting Limited for stealing ₦30.56 million belonging to contract staff of Chevron Nigeria Limited. The conviction was delivered on Friday, January 23, 2026, by Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, according to a statement issued by the […]

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NEITI, EFCC, ICPC strengthen alliance against corruption in oil sector

The Nigeria Extractive Industries Transparency Initiative has intensified efforts to strengthen accountability in Nigeria’s oil, gas, and mining sectors by deepening its strategic partnership with the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission. The renewed commitment was disclosed in a statement issued on Friday by NEITI’s Director […]

EFCC faults fintech over fraud among unbanked and middle class
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EFCC links banks, fintechs to N162bn crypto fraud

The Economic and Financial Crimes Commission has linked a new-generation commercial bank, six fintech firms, and several microfinance banks to a major financial fraud involving cryptocurrency transactions worth N162 billion. The disclosure was made on Thursday during a press briefing at the EFCC headquarters in Abuja. EFCC Director of Public Affairs, Mr. Wilson Uwujaren, said […]

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EFCC returns N802m recovered funds to First Bank

The Benin Zonal Directorate of the Economic and Financial Crimes Commission has handed over the sum of N802,420,000 recovered from a fraud suspect to First Bank Nigeria Plc, following a system glitch that erroneously credited the funds to the suspect’s account. The Commission disclosed this in a statement issued on Tuesday via its official X […]

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Malami, wife granted bail in EFCC money laundering suit

The Federal High Court in Abuja has granted N1.5 billion bail to former Attorney-General of the Federation Abubakar Malami, SAN, along with his wife and son, in connection with an ongoing N8.7 billion money laundering case. Justice Emeka Nwite delivered the ruling after hearing arguments from both the prosecution and defence in the suit brought […]

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Court remands Malami, son, wife in Kuje prison

The Federal High Court sitting in Abuja has ordered the remand of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), alongside his son and one of his wives, at the Kuje Correctional Centre pending the hearing and determination of their bail applications. The remand order was issued on Tuesday by the […]

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Malami, son, wife plead not guilty to 16-count EFCC charges

A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), on Tuesday pleaded not guilty to 16 counts of money laundering instituted against him by the Economic and Financial Crimes Commission. Malami was arraigned before Justice Emeka Nwite of the Federal High Court sitting in Abuja alongside his son, Abubakar Abdulaziz Malami, […]

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EFCC arraigns ex-AGF Malami, son over alleged money laundering

The Economic and Financial Crimes Commission is set to arraign a former Attorney-General of the Federation, Abubakar Malami, today, Tuesday, December 30, before the Federal High Court in Abuja over alleged money laundering offences. Malami will be arraigned alongside his son, Abubakar Malami, and Bashir Asabe, an employee of Rahamaniyya Properties Ltd, a company linked […]

EFCC faults fintech over fraud among unbanked and middle class
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EFCC arrests five herbalists with fake $3.4m

The Economic and Financial Crimes Commission has arrested five suspects over the alleged possession of $3.4 million and €280,000 in counterfeit foreign notes in Osun and Lagos States. The commission disclosed the development in a statement posted on its official X account on Wednesday. Operatives of the Ibadan Zonal Directorate carried out the arrests during […]

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EFCC probes 46 bank accounts linked to ex-AGF Malami

A former attorney-general of the federation and minister of justice, Abubakar Malami, spent Monday night at the headquarters of the Economic and Financial Crimes Commission as interrogations over an ongoing investigation intensified. An associate of the former minister told TheCable that Malami was invited for questioning on Monday but arrived late in the evening, which […]

Scams

EFCC recovers N96.5m, returns funds to ponzi victims

The Economic and Financial Crimes Commission has successfully handed over a total sum of N96.5 million to victims of Ponzi schemes in Enugu State. The spokesperson for the commission, Dele Oyewale, confirmed this action in a statement released on Friday from Abuja. Oyewale stated that this step was directly in line with the anti-graft agency’s […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC partners EFCC, police to prosecute ponzi scheme promoters

The Securities and Exchange Commission has vowed to intensify collaboration with law enforcement and prosecutorial agencies to track down and prosecute promoters of Ponzi schemes, as Nigeria steps up enforcement under the Investments and Securities Act 2025. This commitment signals a renewed push to combat illegal investment fraud across the country. Mr. John Achile, the […]

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