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EFCC Targets Banks, Fintechs over N162bn Crypto Fraud

The Economic and Financial Crimes Commission (EFCC) has called for the suspension and prosecution of deposit money banks, Fintech companies, and microfinance banks accused of aiding and abetting fraudsters in defrauding Nigerians through large-scale financial scams. The Director of Public Affairs at the Commission, Mr. Wilson Uwujaren, made the call in Abuja on the sidelines […]

EFCC Declares Eight Wanted Over Crypto Fraud Linked to CBEX

The Economic and Financial Crimes Commission (EFCC) has declared eight individuals wanted over their alleged involvement in a fraudulent scheme linked to the online trading platform Crypto Bridge Exchange (CBEX). In a public notice issued on Friday, the EFCC identified the suspects as Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun. Others named […]

Crypto Fraud Crackdown: EFCC Arrests Over 790 Suspects in Lagos Raid

The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects for cryptocurrency investment fraud and romance scams. EFCC Director of Public Affairs, Wilson Uwujaren, disclosed this during a briefing at the Commission’s Lagos office on Monday. He revealed that the arrests were made on Tuesday, 10 December 2024, in a coordinated […]

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