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 […]
Operatives of the Economic and Financial Crimes Commission attached to the Taskforce on Currency mutilation, Dollarization of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud. They were arrested on Friday, April 26, 2024 in a sting operation following credible intelligence about illegal sales of dollars at […]
The Economic and Financial Crimes Commission (EFCC) has denied disobeying a court order by prosecuting Yahaya Bello, former governor of Kogi state. The anti-graft agency has accused the former governor of being involved in the laundering of N80.2 billion belonging to the Kogi government. On April 17, some EFCC operatives barricaded Bello’s Abuja residence. […]
