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EFCC Traces CBEX Loot Abroad, Says Full Recovery Unlikely

The Economic and Financial Crimes Commission (EFCC) is making significant strides in its investigation into the failed Crypto Bridge Exchange (CBEX) scheme, which defrauded...

BREAKING: EFCC Gets 24-Hour Deadline to Release Aisha Achimugu

In a significant legal development, the Federal High Court sitting in Abuja has issued a stern directive to the Economic and Financial Crimes Commission...

Man Sentenced to 63 Years in Prison for Fraud

In a landmark judgment aimed at reinforcing Nigeria’s fight against financial crimes, the Oyo State High Court sitting in Ibadan has sentenced one Olaniyan...

Tinubu Tried to use EFCC to suppress me like a criminal – Ex-NHIS boss Yusuf

Tinubu's government deliberately denied me bail to shake me up… all to try and silence me. But I am not someone who can be...

EFCC Blasts Motivational Speaker Over Outrageous $18,000 Mentorship Fee

The Economic and Financial Crimes Commission (EFCC) has strongly criticized a controversial mentorship programme launched by a Nigerian motivational speaker, Stephen Akintayo, who demanded...

EFCC Denies CBEX Regulatory Role in Online Business Operations

The Economic and Financial Crimes Commission (EFCC) has categorically denied being a regulatory or clearing agency for online business platforms, in response to widespread...

Court Slams N220m Contempt Charge Against CBN Governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the apex bank’s Director of Legal Services, Salam-Alada Kofo, are currently facing...

Court Orders Forfeiture of N6.6bn Shares Linked to Ponzi Scheme

In a significant legal development, a Federal High Court in Lagos has ordered the final forfeiture of 2,041,087,747 units of shares in Livingtrust Mortgage...

EFCC Arrests 40 Suspected Internet Fraudsters

The Economic and Financial Crimes Commission (EFCC) has apprehended 40 suspected internet fraudsters in Niger State, following a series of raids conducted by its...

EFCC Probes N1.3trn CBEX Investment Fraud

We had our intelligence before the incident. We were already working on it, but now that the scheme has collapsed, the major actors and...

Naira Abuse: Make-up Artist Jailed for Disrepecting Nigerian Currency

A Federal High Court in Kano has sentenced a make-up artist, Abdullahi Musa Huseini, also known as Amuscap, to six months imprisonment for abusing...

EFCC Creaks Down on Bank Account Fraud, Nabs Suspect

The Economic and Financial Crimes Commission (EFCC) has arrested Olawole Sunday, a suspected internet fraudster, for buying bank account details from individuals to perpetrate...

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