Court Dismisses Emefiele’s Bid To Reclaim Forfeited 753 Abuja Duplexes, Apartments

  The Federal Capital Territory (FCT) High Court, Apo, Abuja, on Monday dismissed an application filed by the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking…

EFCC declares four wanted over CBEX crypto fraud

  The Economic and Financial Crimes Commission has declared four individuals wanted for their alleged involvement in a fraudulent scheme linked to an online trading platform known as Crypto Bridge…

Court okays arrest warrant for six CBEX scam suspects

  The Federal High Court in Abuja yesterday ordered the Economic and Financial Crimes Commission (EFCC) to arrest, detain and prosecute six individuals alleged to be behind the Crypto Bridge…

N1.3bn fraud’: Jude Okoye released after two months in prison

  Jude Okoye, Psquare’s former manager, has been released from Ikoyi prison after fulfilling his bail conditions in an ongoing N1.38 billion money laundering trial.   Jude, the elder brother…

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…

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…

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,…

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…