Tag: EFCC
Senate Launches Investigation Into Ponzi Schemes
The Senate has mandated a joint committee to investigate the alarming rise of Ponzi schemes across the country, following the collapse of the Crypto Bullion Exchange (CBEX), which has reportedly defrauded investors of over ₦1.3 trillion. The decision followed a motion sponsored by Senator Adetokunbo Abiru (Lagos East). In a motion, the lawmaker expressed deep…
EFCC Arrests 34 Suspected Internet Fraudsters In Ekiti
Operatives of the Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Directorate, have arrested thirty-four persons suspected to be involved in internet-related fraud. The arrests were carried out in the early hours of Monday, June 23, 2025, during coordinated raids on locations in the Iworoko and Ijado areas of Ado-Ekiti, Ekiti State. The operation followed…
Court To Rule On Detained CBEX Operators’ Bail June 30
Justice Emeka Nwite of the Federal High Court, Abuja, has adjourned the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in the alleged over one billion dollars fraud, until June 30 for ruling. Justice Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Fadila Yusuf, and…
Nine Chinese Jailed For Cybercrime In Lagos, To Be Deported After Prison Terms
A Federal High Court sitting in Ikoyi, Lagos, has sentenced nine Chinese nationals to one year in prison following their conviction for cyber-terrorism and internet fraud. The verdict was delivered by Justice D. E. Osiagor after they pleaded guilty during proceedings held on Thursday, June 5, 2025. The Economic and Financial Crimes Commission, EFCC, announced…
EFCC Denies Alleged Pre-Defection Meeting Between Olukoyede, Governor
The Economic and Financial Crimes Commission has denied an allegation that its Chairman, Ola Olukoyede, met with a former South-South governor and his predecessor 48 hours before they decamped to the All Progressives Congress. The denial followed claims by a spokesperson to former Vice President Atiku Abubakar, Paul Ibe, during a recent interview on Channels…
Federal Government To Sell Duplexes Confiscated From Emefiele
The Federal Government has said it would make available for sale the 753 housing units confiscated from former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to Nigerians. The development was revealed in a statement by the Federal Ministry of Housing and Urban Development, when the Minister of Housing and Urban Development, Ahmed Dangiwa, alongside…
Alleged Money Laundering: EFCC’s Witness Says No Fee Transfer From Kogi State Govt, LGAs To AISA Account
The third prosecution witness in the alleged money laundering case instituted by the Economic and Financial Crimes Commission (EFCC) against the immediate past governor of Kogi State, Yahaya Bello, admitted before the Federal High Court in Abuja, on Thursday, that there was no wired transfer of fees from the Kogi State Government or any of…
VIDEO: Very Dark Man Opens Up On Detention By EFCC
Following his release on Wednesday, Popular Nigerian social critic VeryDarkMan has revealed the reason for his recent arrest by the Economic and Financial Crimes Commission, EFCC. Recall that VeryDarkMan was arrested on Friday, 2nd May, following a visit to a GTBank branch in Abuja. His detention sparked widespread reactions across the country, as fans and…
EFCC Arrests Socialite E-Money Over Alleged Naira Abuse
The Economic and Financial Crimes Commission (EFCC) has arrested socialite E-Money over alleged money laundering. E-Money, whose real name is Emeka Okonkwo, was arrested by the anti-graft agency in the Omole area of Lagos State. E-Money has now been taken into EFCC’s custody in Abuja. He was spotted at a public event allegedly spraying the…
EFCC Arrests Socialite Achimugu Over Alleged Money Laundering
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested businesswoman, Aisha Achimugu, at the Nnamdi Azikiwe International Airport, Abuja. Achimugu was arrested around 5 am on Tuesday shortly after her return from London. A top EFCC staff confirmed this to newsmen in a telephone conversation on Tuesday. The socialite had been declared wanted…