The Economic and Financial Crimes Commission (EFCC) has said bank executives are complicit in aiding money laundering in the country, adding that it would commence prosecution soon. Speaking at the 17th annual conference of the Chartered Institute Bankers of Nigeria, the Chairman of the EFCC, Ola Olukoyede said the commission will soon start prosecution of
The Economic and Financial Crimes Commission on Friday handed over a total of $180,300 and 53 vehicles, fraudulently taken by some Nigerians from Canadian citizens to the Royal Canadian Mounted Police. Speaking at the signing ceremony for the return of the recovered vehicles and funds, the Executive Chairman of the Commission, Ola Olukoyede, stated that
The Federal High Court in Lagos has sentenced one Courage Ikpaka to two years imprisonment for duping a United States citizen, Mrs Yvelte M. Thompson of $53,000 by impersonating Nigerian musician, Chinedu Okoli popularly known as Flavour N’abania. Justice Dehinde Dipeolu convicted Ipaka on Tuesday following his guilty plea to a two-count charge brought against
The US Securities and Exchange Commission has imposed a $250 million penalty on Nigerian businessman and a former CEO of Tingo Group, Dozy Mmobuosi, for inflating the company’s financial performance. The SEC’s investigation, which began in 2023, revealed that Tingo Group and its subsidiary, Tingo Mobile, falsely reported substantial revenue and cash reserves. The actual
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested four men for allegedly impersonating Ola Olukoyede, chair of the anti-graft agency. In a statement by Dele Oyewale, EFCC spokesperson, the suspects—Ojobo Joshua, Aliyu Hashim, Thomas Oduh and Paul Ogiji—were arrested on Wednesday at Gimbiya Street, Garki and Apo Legislative Quarters, Abuja. They were
The operatives of Bauchi Police Command have arrested a 62-year-old man, Tahir Ahmed, for the production of fake naira notes. The Police Public Relations Officer of the command, Ahmed Wakil, disclosed on Tuesday in a press release. He noted, “On the 6th of August, 2024, a concerned citizen from Jos North LGA, Plateau State boarded
The Economic and Financial Crimes Commission (EFCC) says its operatives have arrested a fake official of the State House in Abuja and other suspects for employment scam. Disclosing this in a statement on Friday, EFCC spokesman, Dele Oyewale, said the suspects were nabbed for alleged criminal conspiracy, false representation and employment scam. He identified
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft agency has recovered N156,276,691,242.30 in the last one year. Dele Oyewale, spokesperson of the EFCC, said in a statement that Olukoyede spoke on Wednesday during the launch of the commission’s zero-tolerance club at the University of Abuja. Olukoyede, who was
Investigators of the Economic and Financial Crimes Commission, Gombe State Zonal Command, have arrested a woman identified as Janty Emmanuel for allegedly abusing the Nigerian currency in the state Emmanuel was arrested on Monday, May 20, 2024, following intelligence that spotted her spraying Naira notes at a social event. This was disclosed in a
A Federal High Court in Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts belonging to individuals and companies over allegations bordering on unauthorised dealing in foreign exchange, among others. The News Agency of Nigeria (NAN) reports that other offences being