Tag: Fraud

EFCC Takes NAHCON Chairman Into Custody, Recovers 314,098 Saudi Riyal

August 15, 2024August 15, 2024 Rextun boss No Comments

The Executive Chairman of the National Hajj Commission of Nigeria, Jalal Arabi, and the commission’s secretary, Abdullahi Kontagora, are currently in the custody of the Economic and Financial Crimes Commission over the alleged mismanagement of the N90bn 2024 Hajj subsidy. According to a document the anti-graft agency said, “A total of SR314,098 was recovered,” from…

Financial Crimes

Revealed! : Cleric Acquires Hotel, School, Factory From Fraud Proceeds [photos]

February 8, 2024 Rextun boss No Comments

Fresh reports have revealed more details on the criminal activities of the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi. The clergyman was earlier apprehended by the Economic and Financial Crimes Commission (EFCC). Ebonyi was arrested for allegedly defrauding his church members and other Nigerians using claims of fake grants…

Financial Crimes

Sam Bankman-Fried, ‘Crypto King’ Convicted Of FTX Fraud

November 3, 2023November 3, 2023 Rextun boss No Comments

FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. According to Reuters, a 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he…

Finance and Economy

abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026
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Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025
Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…