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Tag: EFCC

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 […]

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 […]

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