efcc
AMCON Seeks Court Permission to Possess Houses of Defaulters in Suit Filed Against Maimako International Limited
The Asset Management Corporation of Nigeria (AMCON) has filed a lawsuit before the Federal High Court in Abuja seeking to take possession of two houses belonging to Maimako International Limited over a N50 million debt.
In the suit filed by … Continue Reading
EFCC Reports N1.5bn Repayment by Ibeto in Alleged N4.8bn Fraud Case
The Economic and Financial Crimes Commission (EFCC) informed Justice Oyindamola Ogala of the Lagos High Court that Cletus Ibeto, Chairman of Ibeto Energy Development Company, has reimbursed N1.5bn in two instalments regarding the N4.8bn fraud allegations against him.
Rotimi … Continue Reading
Five Internet Fraudsters Convicted and Sentenced in Benue State
The Federal High Court sitting in Makurdi, Benue State has handed down convictions and sentences to five individuals involved in internet fraud. Justices M.S. Abubakar and R.J. Egbe presided over the cases and delivered the verdicts, sending a strong message … Continue Reading
EFCC Commences Investigation into Suspected Illegal Petroleum Dealers
The Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) has launched an investigation into ten individuals believed to be involved in illegal petroleum activities.
EFCC logo
These suspects were apprehended aboard the MT Queen Hansal ship, … Continue Reading
Businessman Sentenced to Prison for N99.75 Million Fraud IN borno
In a landmark ruling, Justice Aisha Kumaliya of the Borno State High Court, Maiduguri, delivered a verdict on Wednesday, March 7, 2024, sentencing Alhaji Kyari Mohammed, the managing director of Kyari and Sons Company Nigeria Limited, to one year imprisonment. … Continue Reading
Enugu Zonal Command of EFCC Secures Conviction of 27 Internet Fraudsters
The Enugu Zonal Command of the Economic and Financial Crimes Commission (EFCC) successfully prosecuted and secured the conviction of 27 individuals involved in internet fraud.
The verdict was pronounced by Justice Nnamdi Dimgba of the Federal High Court sitting in … Continue Reading
EFCC Arraigns Suspect for Alleged N67.08 Million Fraud
The Gombe Zonal Command of the Economic and Financial Crimes Commission (EFCC) brought Zakariyau Yahaya before Justice Benjamin Manji of High Court 9 of the Adamawa State High Court, Yola on Wednesday, March 6, 2024. Yahaya faced charges … Continue Reading
EFCC: Majority of Financial Crimes in Nigeria Linked to Banks
The Economic and Financial Crimes Commission (EFCC) has disclosed that approximately 70 percent of financial crimes in the country are connected to banks.
This disclosure came during the address by the Chairman of the EFCC, Ola Olukoyede, at the … Continue Reading
EFCC Reveals Banks Linked to 70% of Financial Crimes in Nigeria
In a startling revelation, the Economic and Financial Crimes Commission (EFCC) disclosed that banks are implicated in approximately 70% of financial crimes in Nigeria.
This disclosure was made by the EFCC Chairman, Ola Olukayode, during the 2023 Annual Retreat and … Continue Reading
Protest Turns Violent in Kwara State University, Host Community
Mosque and Vehicles Damaged, Police Officer Injured During Clash
In a tumultuous turn of events, a protest by enraged students of Kwara State University (KWASU) escalated into violence, resulting in the injury of a police officer and damage to properties … Continue Reading