Tag: EFCC

Alleged N5.78bn Fraud: Ex-Governor Ahmed Did Not Repay N1bn SUBEB Loan-Witness

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Alleged N5.78bn Fraud: Ex-Governor Ahmed Did Not Repay N1bn SUBEB Loan-Witness

The Fourth Prosecution Witness, PW4, Lanre Daibu, in the trial of former governor of Kwara State, Abdulfatah Ahmed and his Finance Commissioner, Ademola Banu on Thursday, April 10, 2025 told Justice Mahmud Abdulgafar of the Kwara State High Court, Ilorin that Banu directed the release of the sum of N1billion from the 2013 Matching Grant…

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Financial Crimes

Achimugu’s Investigations Have no Bearing with Atiku or Sanwo-Olu’s Issues

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Achimugu’s Investigations Have no Bearing with Atiku or Sanwo-Olu’s Issues

The Economic and Financial Crimes Commission, EFCC, has to reacted to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu. The anti graft organization in a post released on its official ‘x’ handle stated that: “We wish to state unequivocally…

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Financial Crimes

Court Orders Final Forfeiture of $1.4m Linked to Emefiele

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Court Orders Final Forfeiture of $1.4m Linked to Emefiele

Justice Ayokunle Faji of the Federal High Court, Ikoyi, Lagos, on Thursday, March 6, 2025, ordered the final forfeiture of $1,426,175.14 ( One Million, Four Hundred and Twenty Six Thousand, One Hundred and Seventy Five United States Dollars, Fourteen cents)  linked to former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele. The order…

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Financial Crimes

Court Jails Three Bureau de Change Operators in Kwara

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Court Jails Three Bureau de Change Operators in Kwara

Justice Olukayode Ariwoola of the Federal High Court, sitting in Ilorin on Monday, February 10, 2025 convicted and sentenced three bureau de change operators for operating without license. The convicts are, Mustapha Idris, Hassan Bala and Ajayi Ernest Isaac, all from Chikanda in Baruten Local Government Area of Kwara State. They were prosecuted by the Ilorin Zonal Directorate of the Economic…

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Exchange and Forex

Alleged N423b Fraud: EFCC Given 72hrs Ultimatum To Arrest El-Rufai

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Alleged N423b Fraud: EFCC Given 72hrs Ultimatum To Arrest El-Rufai

The Economic and Financial Crimes Commission (EFCC) has been given a 72-hour ultimatum to arrest and prosecute Nasir El-Rufai over an alleged misuse of over N423 billion state fund as governor in Kaduna State. The Northern Christians Accord (NCA) behind the call, in a statement on Thursday, noted that it was long overdue for the…

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Financial Crimes

EFCC Arrests 25 Suspected Internet Fraudsters in Yahoo Academy

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EFCC Arrests 25 Suspected Internet Fraudsters in Yahoo Academy

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday January 16, 2025 arrested 25 suspected internet fraudsters in a cybercrime training centre in Benin City, Edo state The suspects’ arrest at their hideout was triggered by credible intelligence that indicated the apartment being used as a yahoo academy…

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Financial Crimes

Court Jails Fake Spiritualist for Internet Fraud in Ilorin

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Court Jails Fake Spiritualist for Internet Fraud in Ilorin

Justice Mahmud Abdulgafar of the Kwara State High Court, sitting in Ilorin on Wednesday, January 15, 2025, convicted and sentenced one Odeyemi Hammed Oluwaseun to one year imprisonment for internet fraud. The convict, a self-styled spiritualist was prosecuted by the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on a two-count charge that bordered on internet fraud, impersonation and obtaining by false…

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Crime Watch

EFCC Dismisses 27 Officers, Detains 10 For Fraud

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EFCC Dismisses 27 Officers, Detains 10 For Fraud

The Economic and Financial Crimes Commission has detained 10 officers from its Lagos Zonal Command over the alleged theft of missing operational items and dismissed 27 others. The spokesperson of the anti-graft agency, Dele Oyewale, confirmed this in a statement issued to newsmen on Wednesday in Abuja. Oyewale stated that the development was part of…

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Financial Crimes

EFCC Dismisses 27 Officers for Fraudulent Activities, Misconduct

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EFCC Dismisses 27 Officers for Fraudulent Activities, Misconduct

In its quest to enforce integrity and rid its fold of fraudulent elements, the Economic and Financial Crimes Commission, EFCC, dismissed twenty seven (27) officers from its workforce in 2024. The officers were dismissed for various offences bordering on fraudulent activities and misconduct. Their dismissal, following the recommendation of the Staff Disciplinary Committee of the…

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News

EFCC Gets Court Order To Freeze 24 Bank Accounts For Alleged Terrorism Financing

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EFCC Gets Court Order To Freeze 24 Bank Accounts For Alleged Terrorism Financing

Abuja— A Federal High Court in Abuja has okayed the Economic and Financial Crimes Commission, EFCC’s application to freeze 24 bank accounts domiciled in different banks over allegations bordering on terrorism financing. Justice Emeka Nwite, who granted the application after EFCC’s lawyer, Martha Babatunde, moved an ex-parte motion to the effect, gave the commission the…

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Financial Crimes