The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam. The suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing seven-storey edifice…
A Federal High Court sitting in Abuja has slated the arraignment of the former Kogi State governor, Yahaya Adoza Bello for December 13, 2024. Justice Emeka Nwite on Friday, November 29, 2024 directed the court’s Registrar to issue a hearing notice to Bello’s legal team regarding his arraignment. The Economic and Financial Crimes Commission, EFCC…
The Former Governor of Kogi State, Yahaya Bello, has earlier today presented himself to the Economic and Financial Crimes Commission (EFCC) over allegations of misappropriation of N80.2 billion. A statement by his media office confirmed that the former governor went to the office with his lawyers on Tuesday morning, following the Supreme Court judgment which…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has announced the dismissal of two staff members for corruption, adding that more staff members will be prosecuted if found guilty of similar offenses. Olukoyede made this disclosure during the opening of the 6th Annual Criminal Law Review Conference in Abuja, a…
The Economic and Financial Crimes Commission (EFCC) has placed a restriction on the former Delta State Governor, Dr. Ifeanyi Okowa, from leaving the country following the seizure of his passport as part of his bail conditions. Okowa, who was reportedly detained by the EFCC last week over allegations of diverting N1.3 trillion in public funds,…
Tough days are ahead of Nigerian insurers that cut corners with the regulations and guidelines of the National Insurance Commission (NAICOM). The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede gave the warning in Abuja on Wednesday when a delegation of the management team of National Insurance Commission, NICOM, led…
The Economic and Financial Crimes Commission (EFCC) has summoned Ibrahim Mohammad, a Nigerien national, along with his family members and other wedding guests, over alleged naira abuse at his recent wedding to Amina Babagana Zannah in Kano. This action follows the circulation of a viral video showing individuals spraying naira notes at the event, sparking…
Barbara Bako, Abuja. In order to mitigate revenue leakages and ensure that lost or unremitted funds are recovered and deposited into the proper government coffers, Muhammad Bello Shehu, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has called for increased cooperation with the Economic and Financial Crimes Commission (EFCC). A statement from…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the governors of the 36 states of the Federation, and the Minister of the Federal Capital Territory, Nyesom Wike, over their failure to account for, and publish the agreements of the N5.9 trillion and $4.6 billion loans obtained by their states and the FCT,…
A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) an interim order to freeze 1,146 bank accounts belonging to individuals and companies. This decision follows allegations of unauthorised foreign exchange dealings, money laundering, and terrorism financing. The ruling, delivered by Justice Emeka Nwite, comes after the EFCC’s ex-parte motion…
