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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 […]

EFCC Reports Record-Breaking Asset Recovery, Over 4,000 Convictions in 2024

The Economic and Financial Crimes Commission (EFCC) recorded its highest performance in 2024, with recoveries amounting to ₦364.6 billion and equivalent sums in various foreign currencies. According to statistics released by the anti-graft agency, recovered assets included over 750 properties, 173 vehicles, and various cryptocurrencies. The EFCC also secured 4,011 convictions, with Lagos recording the […]

Akwa Ibom Gov: Allegations Against Udom Emmanuel Are Baseless and Misleading

The Governor of Akwa Ibom State, Umo Eno, has distanced the state government from the ₦700 billion fraud allegations levelled against his immediate predecessor, Udom Emmanuel, by the Network Against Corruption and Trafficking, currently being investigated by the Economic and Financial Crimes Commission (EFCC). “I do not know where they are getting these figures from […]

Ex-Governor Udom Emmanuel Interrogated Over Alleged ₦700bn Corruption Scandal

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Akwa Ibom State Governor, Udom Emmanuel, over allegations of a ₦700 billion fraud. Emmanuel was taken into custody on Tuesday after voluntarily honouring an invitation from the EFCC to respond to allegations of money laundering and fund misappropriation levelled against him by the […]

Mambilla Power Project Fraud: Court Approves Amended Charges Against Ex-Minister Agunloye

The Federal High Court sitting in Apo, Abuja, has granted the Economic and Financial Crimes Commission (EFCC) permission to amend the charges filed against former Minister of Power, Olu Agunloye, in connection with the alleged fraudulent award of the Mambilla Power Project contract. Justice Jude Onwuegbuzie delivered the ruling on Thursday, ordering Agunloye to take […]

Former AMCON Boss, Others Face Court Over Alleged Multi-Billion Fraud Against Arik Air

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned five individuals, including the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air of ₦76 billion and $31.5 million. The other defendants include the former Receiver Manager of Arik Air, Kamilu Omokide; the airline’s CEO, Captain Roy […]

Yahaya Bello Secures Release from Custody Following ₦500 Million Bail

The former Governor of Kogi State, Yahaya Bello, has been released from the Kuje Custodial Centre after fulfilling the bail conditions set by the Federal Capital Territory (FCT) High Court in Maitama, Abuja. The spokesperson for the Nigerian Correctional Service (NCoS), FCT Command, Adamu Duza, confirmed the release in a brief statement on Friday. “Yahaya […]

EFCC Secures Final Forfeiture of Magboro Warehouse and 54 Containers Linked to Emefiele

The Federal High Court in Lagos has ordered the final forfeiture of a warehouse and 54 steel containers, allegedly linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele, to the Federal Government. The warehouse, built on a 1.925-hectare property along the Lagos-Ibadan Expressway in Magboro, Ogun State, and the containers were […]

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 […]

EFCC Clarifies Yahaya Bello’s Absence in ₦80.2bn Fraud Trial

The Economic and Financial Crimes Commission (EFCC) has provided an explanation for the absence of former Kogi State Governor Yahaya Bello from earlier court proceedings in his ongoing trial over alleged fraud totalling ₦80.2 billion. The EFCC, quoting Bello’s counsel J.B. Daudu (SAN) in a statement issued by its spokesperson Dele Oyewale, described Bello’s absence […]

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