Lagos, June 22, 2025 – The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to students in Lagos, urging them to avoid the negative use of the internet and to channel their digital skills into constructive, lawful pursuits. The message was conveyed by EFCC’s Acting Zonal Director in Lagos, Assistant Commander Michael
Operatives of the Economic and Financial Crimes Commission (EFCC) have apprehended seven individuals suspected to be involved in internet-related fraud activities during separate sting operations carried out in the Federal Capital Territory, Abuja. The arrests took place in the Lifecamp and Kubwa areas, following credible intelligence received by the anti-graft agency. According to EFCC officials,
Abuja, June 19, 2025 – The Economic and Financial Crimes Commission (EFCC) has assured Nigerians that it will no longer tolerate the re-looting or mismanagement of assets recovered from corruption cases, reaffirming its dedication to accountability, transparency, and proper stewardship of public resources. The Commission’s leadership made this declaration in Abuja while addressing concerns over
Port Harcourt, Rivers State – June 16, 2025 — The Economic and Financial Crimes Commission (EFCC) has arraigned the director of an alleged fraudulent investment company, CityPay Investment Ltd, over a ₦13.8 billion Ponzi scheme said to have defrauded hundreds of unsuspecting Nigerians. The accused, identified as Mr. John Okafor (real name withheld), was brought
Abuja, Nigeria – June 16, 2025 — Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun “Ola” Olukoyede, today addressed a select group of university students, urging them to become proactive heroes in the fight against corruption and cybercrime. He made the appeal during a sensitization programme at the EFCC headquarters in
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
The Economic and Financial Crimes Commission (EFCC) has revealed details of its role in the extradition of two Nigerian nationals, Samuel Ogoshi and his brother, Samson Ogoshi, who were convicted in the United States for sexually extorting teenage boys and young men in a widespread sextortion scheme. According to a recent EFCC case study, the
Abuja, Nigeria – June 14, 2025 The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of SunTrust Bank Nigeria Limited, alongside the bank’s Executive Director, before a Federal High Court in Abuja over allegations of money laundering involving the sum of $12 million. The defendants were arraigned on multiple counts bordering on
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
