July 22, 2025 The trial of former Kwara State Governor, Alhaji Abdulfatah Ahmed, continued on Monday over allegations of financial misappropriation amounting to N5.78 billion. The Economic and Financial Crimes Commission (EFCC) is prosecuting Ahmed alongside his former Commissioner for Finance, Alhaji Ademola Banu. Both are accused of conspiracy, criminal breach of trust, and illegal
Abuja, July 18, 2025 —The Abuja Federal High Court has ordered the arrest and production of a surety who stood for a British national accused in the $9.6 billion Process and Industrial Developments (P&ID) fraud case but failed to ensure the defendant’s court appearance. The surety, identified as an Abuja-based businessman, was apprehended and brought
Abuja, July 18, 2025 —A bureau de change operator, testifying before a Federal High Court in Abuja on Thursday, detailed how top executives of SunTrust Bank allegedly coordinated the movement of $12 million in cash to finance a controversial oil transaction. The witness, whose identity was protected for security reasons, narrated how the transactions were
A Federal High Court sitting in Lagos has granted the final forfeiture of ₦335 million, Galaxy Hospital, five petrol stations, and multiple landed properties linked to an alleged fraud case under investigation by the Economic and Financial Crimes Commission (EFCC). The judgment, delivered in July 2025, followed the commission’s application after an earlier interim forfeiture
The Securities and Exchange Commission (SEC) has revealed that it is currently investigating 79 suspected Ponzi schemes operating illegally across Nigeria, as part of its intensified crackdown on fraudulent investment operations. This disclosure was made over the weekend by the Director-General of the Commission, Lamido Yuguda, during a media briefing in Abuja. Yuguda expressed deep
Abuja, July 11, 2025 — The Nigeria Police Force, in collaboration with the International Criminal Police Organization (INTERPOL) National Central Bureau (NCB) in Abuja, has successfully arrested and repatriated a Chinese fugitive wanted for a multi-million Yuan tax fraud in China. The suspect, identified as a Chinese national, had been on the radar of international
July 11, 2025 The Central Bank of Nigeria (CBN) has raised concern over the alarming rise in financial fraud across the country, revealing a 45% increase in fraudulent activities within the first half of 2025. Even more troubling, the apex bank disclosed that 70% of the total financial losses were perpetrated through digital platforms. This
Kaduna, July 9, 2025 — Justice Amina Bello of the Kaduna State High Court has convicted and sentenced one Zeal Abraham to two years imprisonment for impersonation and internet fraud involving $200. The conviction followed a one-count charge brought against him by the Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate. Abraham, who operated
The Economic and Financial Crimes Commission (EFCC) has arraigned the founder of the popular online gaming platform, Bigibet, Mr. Adepoju Abiodun, before a Federal High Court in Lagos over his alleged involvement in a massive ₦855 million fraud. The arraignment, which took place earlier this week, marks a significant step in the Commission’s ongoing clampdown
July 7, 2025 The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Monday, July 7, 2025, arraigned two individuals, Abel Egerton Sokari and Nkiruka Chukwuma, alongside a company, Zakah Global Investment Limited, before Justice Mojisola Dada of the Special Offences Court, Ikeja, Lagos. The defendants were brought before the court on a
