A Lagos State Special Offences Court sitting in Ikeja has remanded one Mr. Abiodun Sanni, a former manager at a second generation bank, in a custodial centre over alleged N15,011,441 fraud. Justice Abike-Fadipe of the State Special Offences Court ordered that the defendant be remanded pending when his bail application would be perfected. Abiodun was […]
Operatives of the Nigeria Police Force have arrested no fewer than 130 suspects for “high-level” cybercrimes. Among the suspects are 113 foreign nationals comprising 87 males and 26 females from China and Malaysia. A statement on Sunday by the Force Spokesperson, Muyiwa Adejobi, added that 17 of the suspects were Nigerian. He said the suspects […]
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission has arraigned one Blessing David-Agwa, a fake fertility nurse, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu State. The EFCC disclosed this in a statement on X.com on Wednesday. According to the EFCC, David-Agwa’s criminal issues began […]
The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the dangers of cybercrime, saying Nigeria lost over $500 million to it in 2022. This is according to the Chairman of the anti-graft agency Ola Olukoyede who spoke on Tuesday at a National Cybercrime Summit organised by the agency. “Projections by multiple sources […]
The Economic and Financial Crimes Commission (EFCC) has declared oil mogul Bolaji Henry Akinduro wanted for alleged fraud. Akinduro, 51, is the executive chairman of Total Grace Oil and Gas Investment Limited. He is accused of obtaining money under false pretence and committing stealing by conversion. The EFCC has urged the public to provide information […]
Justice Emeka Nwite of the Federal High Court in Abuja on Friday refused the fresh bail application of the detained Binance Holdings Executive, Tigran Gambaryan. Gambaryan’s lawyer, Mark Mordi (SAN), previously argued on September 4 that his client’s health is “perilous.” He stated that Gambaryan required surgery for a herniated disc and psychiatric care due […]
Justice W.I. Aziegbemhin of Edo State High Court sitting in Benin City, has convicted and sentenced one Ofure Akpolo to three years imprisonment for retention of proceeds of crime. According to a statement by the Economic and Financial Crimes posted on its official X handle, @officialEFCC, on Friday, the convict was prosecuted by the Benin […]
The Federal Bureau of Investigation, FBI, has urged the Economic and Financial Crimes Commission, EFCC, to help with the arrest of two Nigerian fugitives wanted over healthcare fraud in the United States. Babatunde Shodiya and Yinka Jamiu were on September 25 indicted by a grand jury at the U.S. District Court of Minnesota over a […]
The U.S. Securities and Exchange Commission (SEC) has charged Nigerian auditor Olayinka Oyebola and his accounting firm, Olayinka Oyebola & Co., for their alleged involvement in a major securities fraud scheme orchestrated by businessman Dozy Mmobuosi, and three U.S.-based companies collectively referred to as the Tingo entities. This comes on the heels of a $250 […]
The United States has indicted two Nigerians—Shodiya Babatunde and Jamui Ahmed—for their alleged roles in a fraudulent business email scheme that defrauded healthcare companies of over $13 million. According to a release from the U.S. Attorney’s Office for the District of Minnesota on Thursday, Babatunde and Ahmed fraudulently redirected more than $13 million in payments […]
