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- Financial Crime
- April 24, 2025
- 135 views
Court orders 54 banks to return N9.3bn stolen by hackers
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old…
- Financial Crime , Judiciary
- April 18, 2025
- 199 views
Investors drags ex-Anambra police CP Adeoye to court over club’s N1.4bn
Thirty-two aggrieved investors have dragged a former Commissioner of Police in Anambra State, Aderemi Adeoye, and four others before the Lagos State High Court, in Ikeja, seeking a full…
- Financial Crime
- April 16, 2025
- 159 views
N1.3trn CBEX probe: We Warned Nigerians Against Ponzi Schemes – EFC
Amid growing concerns over the alleged fraud perpetrated by a digital investment platform, CryptoBank Exchange (CBEX), which reportedly led to the loss of N1.3tn belonging to Nigerians investors, the…
- Financial Crime
- April 15, 2025
- 152 views
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…
- Financial Crime
- April 14, 2025
- 152 views
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…
- Financial Crime
- April 11, 2025
- 133 views
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…
- Financial Crime
- April 11, 2025
- 147 views
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…
- Financial Crime
- April 8, 2025
- 127 views
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…
- Financial Crime
- April 8, 2025
- 196 views
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,…
- Financial Crime
- April 7, 2025
- 155 views
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.…
- Cross-border Crimes , Financial Crime
- April 7, 2025
- 220 views
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…
- Financial Crime
- April 1, 2025
- 183 views
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…
- Financial Crime , Investigations
- March 31, 2025
- 305 views
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…
- Financial Crime
- March 30, 2025
- 159 views
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…
- Financial Crime
- March 28, 2025
- 153 views
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…
