EFCC
Jude Okoye Arraigned by EFCC Over Alleged #1.3bn Fraud Case
The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, the elder brother and former manager of the defunct music group P-Square, on charges of laundering ₦1.38 billion, $1 million, and £34,537.59. Jude Okoye, alongside his company Northside Music Ltd, was arraigned before Justice Alexander Owoeye of the Federal High Court in Lagos on […]
$4.5bn Fraud: Emefiele Accuses Judge of Bias, Seeks Withdrawal
Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has demanded the withdrawal of Justice Rahman Oshodi from his ongoing trial over alleged $4.5bn and N2.8bn fraud. Emefiele’s legal team, led by Olalekan Ojo (SAN), accused the judge of bias and urged him to recuse himself from further proceedings. The request was made during […]
Ibadan Court Jails 30 Online Crooks
EFCC’s Ibadan zonal directorate jailed 30 online criminals. EFCC’s Ibadan zonal directorate convicted and sentenced thirty internet fraudsters before Justices Ladiran Akintola, Adebisi Adetujoye, and K.B. Olawoyin of the Oyo State High Court in Ibadan. Gbadega Ayomide, Ojo Oluwapelumi Oluwatomiwa, John Odey Ade, Ezekiel Oluwatobi Damilare, Usman Olamilekan Hammed, Ogunjobi Oluwafemi Oluwadunsin, Abdulrauf Taiwo Adekunmi […]
EFCC to Closely Monitor LG Funds, Olukoyede Warns Chairmen
The Economic and Financial Crimes Commission (EFCC) has warned local government chairmen across Nigeria to be prudent and accountable in managing public funds. EFCC Chairman Ola Olukoyede emphasized that local government chairmen do not have immunity from investigation or prosecution for fraud. Key Highlights of Olukoyede’s Warning – No Immunity: Local government chairmen do not […]
Lagos Banker Found Guilty of Fraud Sentenced to 4yrs in Prison
The Special Offenses Court in Ikeja, Lagos, has found Ugenyi Kalu, a banker based in Lagos, guilty of fraud and sentenced him to four years and two months in prison. Two of Kalu’s coworkers from NEXIM Bank were among the six witnesses the prosecution, led by attorney G.C. Ofulue, called throughout the proceedings and testified […]
EFCC, CAC Join Forces to Combat Corruption
The Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC) have agreed to strengthen their partnership in the fight against corruption. This collaboration aims to foster transparency, combat financial crimes, and promote ease of doing business in Nigeria. EFCC Executive Chairman, Olanipekun Olukoyede, expressed gratitude to the CAC management and staff for […]