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,
Abuja, June 11, 2025 – A Federal High Court sitting in Abuja has ordered Professor Dibu Ojerinde, a former Registrar of the Joint Admissions and Matriculation Board (JAMB), to open his defence in the ongoing trial over an alleged ₦5.2 billion fraud. Justice Inyang Ekwo issued the ruling after dismissing a no-case submission filed by
A Federal High Court sitting in Lagos has sentenced nine Chinese nationals to varying jail terms after finding them guilty of cyber-terrorism, internet fraud, and related offences. The convicts were arraigned by the Economic and Financial Crimes Commission (EFCC) following months of investigation into their involvement in a transnational cybercrime syndicate operating within Nigeria. The
The Office of the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), has discontinued the criminal charges against Dr. Nneka Onyeali-Ikpe, Managing Director and CEO of Fidelity Bank Plc, following a thorough review of the case. The charges stemmed from allegations of fraud involving approximately N19 billion linked to Woobs
A U.S. federal court has handed down a five-year prison sentence to Uche Victor Diuno, a 57-year-old Nigerian national, following his conviction for participating in a sprawling international fraud scheme that defrauded individuals across 20 countries of nearly $5.7 million . U.S. prosecutors revealed that from October 2014 to September 2018, Diuno and his associates posed
