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Tag: EFCC

Scams

Terrorism: EFCC probed Lagos BDC operator before US sanctions, says source

The Economic and Financial Crimes Commission was already investigating a Lagos-based Bureau De Change operator, Mukhtar Adamu Muhammad, and three companies linked to him for alleged terrorism financing before the United States government imposed sanctions on them, sources within the anti-graft agency have disclosed. The PUNCH reported that top EFCC officials familiar with the investigation […]

Scams

EFCC arrests Nigerian-American over $320,000 fraud

The Economic and Financial Crimes Commission, has arrested a Nigerian-American over an alleged cross-border vehicle import fraud involving more than $320,000 (about ₦434.9 million). The agency said this in a statement on its website by its Media and Publicity unit on Friday. It said that the suspect was arrested by operatives of the EFCC Ilorin […]

featured News

Blessing CEO remanded in Kirikiri over alleged ₦13m cancer fraud

Social media influencer and self-styled relationship therapist, Okoro Blessing Nkiruka, popularly known as Blessing CEO, has disclosed that she has been remanded at the Kirikiri Correctional Centre in Lagos following her arraignment by the Economic and Financial Crimes Commission. Blessing CEO made the disclosure in a post on her Facebook page on Wednesday, shortly after […]

Scams

EFCC arraigns couple in Ekiti over alleged ₦1.09bn contract scam

The Economic and Financial Crimes Commission has arraigned a couple, Olorunbukunmi Taiwo and his wife, Awolegan Omolola Omotola, before the Federal High Court sitting in Ado-Ekiti over an alleged N1.09bn contract scam. The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission brought the defendants before Justice Abubakar Usman on six counts bordering on […]

News

Abuja court orders EFCC to unfreeze ex-AGF’s ₦220m assets

The Federal High Court in Abuja on Friday ordered the Economic and Financial Crimes Commission to lift its control or restrictions on N220 million and properties linked to former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, following its non-conviction final forfeiture case. Justice Umar Mohammed delivered the ruling in a “non-conviction” originating motion […]

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m
Business

EFCC arrests energy commission DG over alleged money laundering

Operatives of the Economic and Financial Crimes Commission have reportedly arrested the Director-General of the Energy Commission of Nigeria, Mustapha Abdullahi, over allegations of money laundering. A source within the anti-graft agency, who spoke on condition of anonymity, said Abdullahi was picked up in Abuja on Wednesday and is currently being held in EFCC custody, […]

Reps probe alleged tax evasion by Multichoice group
Business

EFCC arraigns Metro Digital over illegal Multichoice content broadcast

The Economic and Financial Crimes Commission has arraigned a communication company, Metro Digital Limited, on an amended four charge bordering on cybercrime and alleged unlawful interception and rebroadcast of Multichoice Nigeria Limited content. The agency, in a statement posted on its X handle on Wednesday, said the firm was arraigned on Tuesday before Justice A.T. […]

featured Scams

EFCC probed Pastor Jerry Eze for alleged money laundering – Olukoyede

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the commission carried out a six-month investigation into the founder of Streams of Joy International, Jerry Eze, over allegations of money laundering before eventually clearing him of any wrongdoing. Olukoyede made this known on Wednesday while addressing attendees at the Jerry […]

Scams

Six in 10 Nigerian students involved in cybercrime — EFCC

The chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has raised concern that about six in every 10 university students in Nigeria are involved in cybercrime. Vanguard reported that he made the remark on Tuesday at the opening of the 8th biennial conference of the Committee of Pro-Chancellors of State-Owned Universities in Nigeria, […]

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m
Scams

EFCC nabs Cameroonian in ₦1.5bn first-generation bank fraud

Operatives of the Economic and Financial Crimes Commission have arrested Bekono Marc Eric, a Cameroonian national, over his alleged involvement in a N1.5 billion bank fraud in Lagos. The anti-graft agency disclosed this on April 24 in a statement shared on its official X account, noting that the arrest was carried out by its Lagos […]

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m
Business

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over fraud

The Economic and Financial Crimes Commission has arrested businessman and former chairman of the now-defunct Skye Bank Plc, Tunde Ayeni, over allegations of multi-billion naira fraud. Ayeni was reportedly arrested in Abuja on Thursday and is currently being held in EFCC custody while investigations continue, according to TheCables. The anti-graft agency is probing allegations of […]

Banking

EFCC warns banks against loans without credible collateral

The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]

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