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Tag: EFCC

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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 […]

Scams

Sylva writes EFCC, denies avoiding $14.8m fraud probe

Former Minister of State for Petroleum, Chief Timipre Sylva, has written a letter to the Economic and Financial Crimes Commission, formally requesting that a date be fixed for him to appear before the agency over an alleged $14.8 million fraud. In the letter, dated November 24 and acknowledged by the EFCC on November 26, Sylva […]

Oil and Gas

Reps demand details on EFCC crude oil seizures

The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has demanded that the Economic and Financial Crimes Commission provide comprehensive details on crude oil seizures, sales, and disposal conducted under its supervision. The directive was issued by the Chairman of the committee, Rep. Emerengwa Sunday, during the resumption of […]

Scams

Court orders Mompha to open defence on ₦6bn fraud

An Ikeja Special Offences Court on Tuesday dismissed a no-case submission by internet celebrity, Ismaila Mustapha, popularly called Mompha, over alleged six billion naira money laundering charges. Justice Mojisola Dada ordered the defendant to begin his defence. The News Agency of Nigeria reported that the defendant is being prosecuted by the Economic and Financial Crimes […]

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Politicians switching to APC aren’t shielded – EFCC

The Economic and Financial Crimes Commission has vowed to pursue corruption cases without fear or favour, stating clearly that no politician or high-profile individual will be shielded because of party affiliation. Mr. Ola Olukoyede, the EFCC Chairman, made this declaration on Thursday in Abuja during a media briefing to mark his second year in office. […]

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Presidency denies selective justice as EFCC recovers ₦500bn under Tinubu

Vice President Kashim Shettima has disclosed that the Economic and Financial Crimes Commission has recovered assets worth over ₦500 billion and secured more than 7,000 convictions in the past two years. Shettima, who represented President Bola Tinubu on Monday at the opening of the 7th edition of the EFCC–NJI Capacity-Building Workshop for Judges and Justices […]

News

NACIWA re-elects EFCC chairman Olukoyede as president

The Network of Anti-Corruption Institutions in West Africa has re-elected the Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, as its President. This decision was contained in a communique issued on Wednesday in Abuja at the end of NACIWA’s 7th Annual General Assembly, which was signed by representatives of all ECOWAS member […]

Scams

EFCC warns businesses against tax evasion, financial malpractices

The Economic and Financial Crimes Commission has issued a stern warning that tax evasion, the submission of false declarations, and other financial malpractices are not just illegal but constitute a grave disservice to the nation. This was stated by the Commission’s Acting Zonal Director for the Kano Zonal Directorate, Sa’ad Hanafi, during a one-day sensitization […]

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