EFCC Archives

New naira: Beware of currency hoarders, EFCC warns BDC operators

The Economic and Financial Crimes Commission has urged Bureau de Change operators to be wary of currency hoarders who would attempt to offload the currencies they had illegally stashed away. The EFCC made this known in a statement released on Wednesday while backing the Central Bank of Nigeria’s plan to redesign the naira notes. While […]

aadelekepdnlimited-com
27th October 2022
5 Comments
261 Views

Oil Theft: Nigeria loses $150m every two days

Oil and Gas

EFCC, ICPC should probe oil theft not lawmakers – Falana

Human rights activist and Senior Advocate of Nigeria, Femi Falana said it is not the business of the National Assembly to investigate economic sabotage in the oil sector. Falana who made this revelation on a Channels TV interview monitored by our correspondent on Friday said the probing of economic sabotage in the oil sector is […]

sadeniyipdnlimited-com
23rd September 2022
1 Comment
318 Views

Naira falls N777 against dollar after CBN announcement

Economy

EFCC threatens to arrest dollar hoarders over naira fall

Following the increasingly fall of the Naira, the Economic and Financial Crimes Commission has threatened to arrest Nigerians hoarding dollars and other foreign currency The Chairman of the anti-graft agency, Abdulrasheed Bawa, said this during a meeting with representatives of the Bureau De Change operators on Friday. Bawa’s meeting with the BDC operator was a […]

sadeniyipdnlimited-com
6th August 2022
0 Comments
277 Views

Banking

Three ex-bankers connive to defraud bank N20bn

Three former workers of First Bank of Nigeria have been arraigned before a Lagos State Special Offences Court, Ikeja over attempted fraud charges. The Economic and Financial Crimes Commission arraigned the culprits, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, for allegedly attempting to steal N20bn from the bank. PUNCH Metro reported that the […]

sadeniyipdnlimited-com
24th June 2022
0 Comments
322 Views

Oil and Gas

EFCC partners marketers to curb oil theft in Niger Delta

The Independent Petroleum Marketers Association of Nigeria has sought the support and intervention of the Economic and Financial Crimes Commission in curbing oil theft and pipeline vandalism in the Niger Delta. This request was made on Monday, May 16, 2022 in Port Harcourt, Rivers State, by the Chairman of IPMAN, Hon. Bello Binna, who paid […]

agencyreport
18th May 2022
0 Comments
317 Views

Maritime

Agents, policies blamed as abandoned ships litter Nigerian waters

In Nigeria, it is normal to detain ships and allow them to sink or rot away. In this piece, this story looks at the possible causes of this anomaly and the way forward The nation’s maritime industry woke up on April 3, 2022, to yet another sad story of a gunboat, named NIMASA/Barugu, going down […]

agencyreport
28th April 2022
0 Comments
331 Views

Policy and Regulations

Senate amends Money Laundering Act, banks to report deposits to EFCC

The Senate, on Wednesday, passed a bill to amend the Money Laundering Act 2011, which makes it mandatory for Deposit Money Banks and other financial institutions to report to the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission, any single transaction or lodgements in excess of N5m for an individual, […]

agencyreport
17th March 2022
0 Comments
362 Views

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Tag: EFCC

New naira: Beware of currency hoarders, EFCC warns BDC operators

EFCC, ICPC should probe oil theft not lawmakers – Falana

EFCC threatens to arrest dollar hoarders over naira fall

Three ex-bankers connive to defraud bank N20bn

EFCC partners marketers to curb oil theft in Niger Delta

Agents, policies blamed as abandoned ships litter Nigerian waters

Senate amends Money Laundering Act, banks to report deposits to EFCC

RMAFC completes review of Nigeria’s revenue allocation formula

BRICS explores merging payment systems to cut transaction.

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

AI-driven cyberattacks surge 56% – IBM

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