At least eight Bureau de Change (BDC) operators have been arrested following the Economic and Financial Crimes Commission (EFCC) raid on Wapa forex market in Kano. Daily Trust gathered that operatives of the Kano command of the anti-graft agency stormed the forex market Tuesday evening with about eight vehicles and heavily armed personnel, a […]
Officials of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday, November 1, 2022, arresting an unconfirmed number of suspects. Our correspondent gathered that the officials, armed to the teeth, stormed the Sheraton Hotel area of Abuja to arrest some Bureaux De Change operators. An […]
The Economic and Financial Crimes Commission, EFCC, has arrested the Kogi State House of Assembly candidate of the New Nigeria Peoples Party, Ismaila Atumeyi, with N326 million and $140,500 cash. According to The PUNCH, Atumeyi who is seeking to represent Ankpa 11 Constituency in the Kogi State House of Assembly was arrested on Sunday, […]
The Economic and Financial Crimes Commission (EFCC) has declared that it does not know the whereabouts of the All Progressives Congress (APC) senatorial candidate for Kano Central, Abdulkareem Zaura. The trial of Zaura for an alleged $1.3 million scam at the Federal High Court sitting in Kano failed to commence following the defendant’s absence. […]
The Economic and Financial Crimes Commission (EFCC) has warned currency speculators and Bureau de Change (BDC) operators not to undermine the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Naira. EFCC Chairman, Abdulrasheed Bawa in a statement on Wednesday commended the move by the apex bank, […]
A Kwara High Court sitting in Ilorin on Friday convicted one Basheeru Seyi, a student of Kwara Polytechnic, Ilorin for offences bordering on internet fraud. The Presiding Judge, Justice Adebayo Yusuf, in his judgment, sentenced the defendant to six months imprisonment with N200,000 as the option of a fine. Yusuf also ordered the forfeiture […]
The Economic and Financial Crimes Commission says it will appeal the ruling of Justice C.L Dabup of the Plateau State High Court discharging and acquitting a former governor of Plateau State, Jonah Jang, and a former cashier in the office of the Secretary to the State Government, Yusuf Pam. The spokesman for the commission, […]
A Special Offences Court in Ikeja, Lagos, on Thursday sentenced a lawyer, Taiwo Oreagba, to two years in prison for soliciting N4 million bribe. Oluwatoyin Taiwo, the judge, however, discharged the lawyer on a second count of obtaining money by false pretence. Ms Oreagba, who once represented the musician, Naira Marley, was convicted after […]
The Oyo State High Court in Ibadan has sentenced an officer of the National Association of Nigerian Students (NANS) to one year imprisonment for Internet fraud. Adeyemi Abiodun, Director of Logistics, Federal University, Oye-Ekiti Chapter, was among 40 persons jailed by four judges of Oyo State High Court on related charge, according a statement […]
The Economics and Financial Crime Commission on Wednesday arraigned a manager with Cubana Group, Lucky Uchechukwu Ndukwe, for an offence bordering on conspiracy to launder and money laundering. Ndukwe, known better as Cubana Prime Minister, was arraigned alongside one Precious Omonkhoa Ofure before Justice Justice O.A. Fadipe of the Special Offences Court sitting in […]
