Businessman sentenced to four years in prison for refusing to accept Naira as legal tender
Justice Alexander Owoeye of the Federal High Court, sitting in Ikoyi, Lagos, has convicted and sentenced a businessman, Uzondu Precious Chimaobi, to four years imprisonment for refusing to accept…
P-Square’s Peter Testifies Against Elder Brother In N1.3bn fraud trial
The trial of Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square, for alleged money laundering of $1m, N1.3bn…
Ex-Kwara governor Ahmed didn’t repay N1bn SUBEB loan, EFCC witness tells court
A witness of the Economic and Financial Crimes Commission (EFCC) has told the Kwara high court that Abdulfatah Ahmed, former governor of the state, did not pay back the…
EFCC plays video evidence in ex-minister Saleh Mamman’s ‘N33bn fraud’ trial
The trial of Saleh Mamman, the former minister of power, resumed on Thursday before the Abuja federal high court. The prosecution introduced new evidence in a trial-within-trial to establish…
Witness reveals N3bn Kogi LG funds were laundered through private accounts
A prosecution witness, Remigius Egu, on Tuesday, narrated before a Federal High Court in Abuja how over N3 billion belonging to various Local Government Areas in Kogi State was…
EFCC Arraigns Bauchi Accountant General, Others Over Alleged ₦8.3bn Fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned the Accountant General of Bauchi State, Sirajo Jaja, before Justice O.A. Egwuatu of the Federal High Court, sitting in Maitama,…
EFCC nabs man for buying bank account details, N2m fraud
Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes.…
Two Nigerians jailed in $4.9m U.S. tax refund fraud scheme
Two Nigerian nationals and a Texan have been sentenced to federal prison for their involvement in a multi-million dollar tax refund fraud scheme that exploited stolen identities and laundered…
Ponzi scheme operators risk jail term, N20m fine, SEC warns
The Securities and Exchange Commission, SEC, has warned that promoters and operators of any Ponzi Scheme in the country risk a penalty of not less than N20 million or…
Organized Crime: How “HK” Is Destroying Young Nigerians
….Parents enrolling wards to learn the ‘art of fraud’ ….EFCC Boss: We’re losing our next generation to crime Nigeria has in recent years hit a dark turn, with a troubling…
Six months after businessman’s acquittal, yet EFCC continues to intimidate him
Six months after the Lagos State High Court acquitted the Chief Executive Officer of Rianol Energy, Mark Obisesan, the Economic and Financial Crimes Commission has reportedly failed to release…
EFCC declares socialite Aisha Achimugu wanted for alleged money laundering
The Economic and Financial Crimes Commission has declared businesswoman and socialite Aisha Achimugu wanted. The agency’s spokesman, Dele Oyewale, made this known in a circular released via the EFCC’s…
Dasuki, others re-arraigned over alleged N33.2bn fraud
A former National Security Adviser, Col. Sambo Dasuki (retd.), and three others were re-arraigned on Tuesday before a Federal Capital Territory High Court in Abuja over an alleged N33.2…
EFCC nabs over 100 suspects in Abuja Ponzi Scheme Academy raid
No fewer than 133 suspects were arrested on Monday by the operatives of the Economic and Financial Crimes Commission (EFCC), who busted a Ponzi Scheme Academy located in the…
4 bank staff arrested in ₦270m fraud, money laundering case
4 bank staff arrested in ₦270m fraud, money laundering case The Lagos State Police Command has arrested four bank employees over their alleged involvement in a sophisticated fraud and money…