Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was on Friday arraigned before a High Court of the Federal Capital Territory (FCT) over allegations linked to the acquisition of 753 duplexes in Abuja. The arraignment, brought by the Economic and Financial Crimes Commission (EFCC), is part of ongoing investigations into suspected large-scale
Abuja, Nigeria – June 14, 2025 The Economic and Financial Crimes Commission (EFCC) has called on members of the Real Estate Developers Association of Nigeria (REDAN) to partner with the Commission in its ongoing efforts to combat money laundering in the real estate sector. Speaking at a stakeholder engagement in Abuja, the EFCC emphasized the
Ilorin, Nigeria – June 15, 2025 Some officials of the Kwara State Muslim Pilgrims Welfare Board have come under fire following allegations of defrauding intending pilgrims by disbursing only $5 each as Basic Travel Allowance (BTA), instead of the federally approved $500. The incident has sparked outrage among affected pilgrims and their families, who have
June 13, 2025 A Federal High Court sitting in Lagos has sentenced eleven individuals—including four Filipinos and seven Nigerians—to various jail terms for their involvement in cyberterrorism and internet fraud. The Economic and Financial Crimes Commission (EFCC) disclosed that the convicts were arrested following a coordinated intelligence-led operation targeting a transnational cybercrime syndicate operating in
The Economic and Financial Crimes Commission (EFCC) has declared Mr. Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted for his alleged involvement in a massive oil subsidy scam amounting to ₦976,653,110.28 (Nine Hundred and Seventy-Six Million, Six Hundred and Fifty-Three Thousand, One Hundred and Ten Naira, Twenty-Eight Kobo). In a public
The Economic and Financial Crimes Commission (EFCC) has arraigned Jesam Michael, the Chief Executive Officer of Afriq Arbitrage System, before Justice Emeka Nwite of the Federal High Court, Abuja, over an alleged investment fraud. Michael is accused of defrauding investors to the tune of N2 billion through a scheme promising unrealistic returns on investments. The
The Economic and Financial Crimes Commission (EFCC), Awka Zonal Command, has secured the conviction of nine internet fraudsters before the Federal High Court in Awka, Anambra State. According to a statement by the EFCC, the convicts were arraigned on separate one-count charges bordering on impersonation and obtaining by false pretense, offenses which violate Section 22(3)
The Nigeria Police Force has uncovered and dismantled a sophisticated fraud syndicate operating via WhatsApp and targeting high-profile Nigerians, including politicians, business executives, and public officials. In a statement released by the Force Public Relations Officer, the syndicate was apprehended after weeks of intelligence gathering and surveillance by the Police Cybercrime Unit. The operation, according
The Nigeria Police Force has successfully uncovered and dismantled a sophisticated cybercrime syndicate that specialized in using WhatsApp to defraud high-profile Nigerians, including public office holders, senior government officials, and prominent businesspersons. The arrest follows weeks of coordinated intelligence gathering by operatives of the Force Criminal Investigation Department (FCID), Abuja. Acting on credible intelligence, the
The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of 11 suspected internet fraudsters in a targeted operation carried out in Kaduna State. Operatives from the Kaduna Zonal Command of the anti-graft agency swooped on the suspects at various locations within the city following credible intelligence on their alleged involvement in cybercrime activities,
