Economic and Financial Crimes Commission (EFCC)
Former EFCC Chairman passes away In Egypt at 61
Ibrahim Lamorde, the former head of Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has passed away at the age of 61. Lamorde died in Egypt, where he had gone for medical treatment, a close associate informed PREMIUM … Continue Reading
Court seizes N830m, $4.7m and multibillion naira assets linked to Emefiele (full list)
A Federal High Court in Ikoyi, Lagos, has issued an interim forfeiture order for $4,719,054, N830,875,611, and various properties linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro granted the order on … Continue Reading
EFCC Hands Over $22,000 Recovered From Internet Fraudster To FBI
The Economic and Financial Crimes Commission (EFCC) has handed over $22,000, recovered from convicted internet fraudster Hakeem Ayotunde Olanrewaju, to the Federal Bureau of Investigations (FBI) in Lagos. The transfer of funds took place on Friday, according to a statement … Continue Reading
Social Media Influencer, Aluko Tunmise bags One Year in jail Over Celebrity Scam
Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, on Wednesday, May 15, 2024, sentenced Aluko Tunmise, a self-proclaimed social media influencer and model, to one year in prison for a celebrity scam. Tunmise was charged by the … Continue Reading
Terrorists Use some Crypto Traders to fund terrorism – EFCC Chairman
Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that terrorists are covertly using young cryptocurrency traders in Nigeria to finance terrorism. According to Olukoyede, many of these traders are unaware that their financial … Continue Reading
EFCC Exposes How “yahoo yahoo” Boys Get bank Accounts and Driver’s Licences For Fraud
The Economic and Financial Crimes Commission (EFCC) has exposed a disturbing trend where underage boys involved in internet fraud, commonly known as ‘Yahoo Yahoo,’ falsify their age to open bank accounts and obtain driver’s licenses for handling proceeds from … Continue Reading
EFCC Bans dollar transactions, Asks embassies to charge in naira
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to foreign missions operating in Nigeria, prohibiting them from conducting transactions in foreign currencies and mandating the use of the Naira in their financial dealings.
This directive, aimed … Continue Reading
EFCC nabs 132 suspected fraudsters in Osun, Kwara and Cross River state
The Economic and Financial Crimes Commission (EFCC) has made significant strides in combating internet fraud, apprehending a total of 132 suspected cybercriminals across Kwara, Cross River, and Osun States.
Dele Oyewale, the EFCC spokesperson, disclosed this in a statement released … Continue Reading
Former bank manager loots N112 million from customers account, bags 121 years in prison
A former bank manager at the First City Monument Bank (FCMB) at the Onitsha branch, Nwachukwu Placidus, has been handed a cumulative sentence of 121 years in prison for embezzling fixed deposit funds belonging to a customer, totaling N112,100,000 (One … Continue Reading
EFCC and Cubana Chief Priest Reach Out-of-Court Settlement on Naira Abuse Charge
In a recent development, the Economic and Financial Crimes Commission (EFCC) and popular celebrity barman, Cubana Chief Priest, have reached an agreement to settle the naira abuse charge outside of court. This decision comes after Cubana Chief Priest was granted … Continue Reading