LAGOS, July 25, 2025 – The Economic and Financial Crimes Commission (EFCC) has launched a full-scale investigation into a startling discovery of a parcel containing over ₦426 billion worth of foreign currency intercepted at a Nigeria Postal Service (NIPOST) facility in Lagos. According to insider sources, the large cache of foreign currency, neatly concealed in
A Federal High Court in Lagos has struck out the N12.3 billion fraud charge against Honeywell Group Chairman Dr. Oba Otudeko and three others after the Economic and Financial Crimes Commission (EFCC) withdrew the case, citing an amicable settlement between the parties. The EFCC had initially brought a 13-count charge against Otudeko, former First
The Economic and Financial Crimes Commission, EFCC, has strongly refuted recent allegations of misconduct and lack of transparency published in a widely circulated article titled “EFCC’s alarming impunity,” written by veteran journalist Steve Osuji. In a detailed statement signed by the Head of Media and Publicity of the EFCC, Dele Oyewale, the commission described the
The Economic and Financial Crimes Commission (EFCC) has obtained a final forfeiture order on Galaxy Hospital, five petrol stations, multiple landed properties, and bank accounts containing over ₦333 million, in a landmark ruling granted by the Federal High Court. The order, issued in favour of the Federal Government, follows a successful legal process led by
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
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reaffirmed the indispensable role of personal integrity in the ongoing fight against corruption in Nigeria. Speaking at a recent stakeholders’ forum in Abuja, Olukoyede stressed that institutional reforms and enforcement efforts must be underpinned by strong individual values if the country is to
July 11, 2025 | Abuja — Mr. Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has raised the alarm that fraudulent politicians and corrupt individuals are increasingly storing stolen funds in cryptocurrency wallets to evade detection. Speaking during Africa Anti‑Corruption Day in Kaduna, Olukoyede warned that masked behind the rapid evolution
Abuja, July 9, 2025 — The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has reaffirmed the Commission’s unwavering commitment to ensuring that the Nigeria Education Loan Fund (NELFUND) serves its intended purpose of empowering students, and not falling victim to corruption or misappropriation. Speaking on Tuesday in Abuja, Olukoyede
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
The Economic and Financial Crimes Commission (EFCC) has begun an official investigation into one Mr. Rajesh Kumar, an Indian national, who was apprehended at the Murtala Muhammed International Airport in Lagos with an undeclared sum of $29,000. The incident, which occurred on Monday, July 8, 2025, underscores the ongoing efforts by Nigerian authorities to clamp
