Tag: Olanipekun Olukoyede

EFCC Recovers $60 Million in Ongoing Investigation Into Nestoil Transactions

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EFCC Recovers $60 Million in Ongoing Investigation Into Nestoil Transactions

The Economic and Financial Crimes Commission (EFCC) has recovered $60 million from Nestoil Limited as part of an ongoing investigation into the alleged criminal aspects of transactions involving the oil company and a consortium of its lenders. The recovery followed a meeting convened and chaired by EFCC Chairman Olanipekun Olukoyede, where Nestoil Limited and its…

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Financial Crimes

“6 in 10 Nigerian University Students Involved in Internet Fraud — EFCC Chairman Raises Alarm”

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“6 in 10 Nigerian University Students Involved in Internet Fraud — EFCC Chairman Raises Alarm”

The Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has raised serious concerns over the growing involvement of young Nigerians in cybercrime, revealing that a significant proportion of university students are now engaged in internet fraud, popularly known as “Yahoo Yahoo.” Speaking during a recent public engagement, Olukoyede disclosed that intelligence and…

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Financial Crimes