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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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Tag: EFCC

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 […]

Business

EFCC returns N3.9bn recovered fraud proceeds to NNPCL

The Economic and Financial Crimes Commission on Wednesday handed over N3.9 billion in recovered proceeds of fraud to the Nigerian National Petroleum Company Limited. In a statement, the anti-graft agency said the funds were officially presented on behalf of EFCC Chairman Ola Olukoyede by the Commission’s Secretary, Mohammed Hammajoda, during a ceremony at its headquarters […]

Emefiele gets N300M bail in N18.96bn note printing case
Finance

Emefiele followed Buhari’s directive over locally redesigned naira — Witness

A witness, Chinedu Emere, told an Abuja High Court that the former governor of the Central Bank of Nigeria, Godwin Emefiele, complied with late President Muhammadu Buhari’s directive that the redesigned Naira be produced locally. The Economic and Financial Crimes Commission charged Emefiele with illegal act causing injury to the public. According to Vanguard, the […]

Scams

EFCC arraigns ex-Benue electoral chairman over alleged ₦1.1bn fraud

The Economic and Financial Crimes Commission has arraigned former chairman of the Benue State Independent Electoral Commission, Tersoo Loko, alongside 10 other defendants over the alleged diversion of N1.1 billion meant for local government elections in the state. The defendants were brought before the federal high court in Makurdi on 30 counts bordering on criminal […]

Scams

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 […]

News

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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