Court jails internet fraudster, seizes N124mn in Kwara

A Federal High Court sitting in Ilorin, Kwara State capital, on Wednesday sentenced an internet fraudster, Adebisi Olalekan, to two years in prison. The court also ordered Olalekan to forfeit…

EFCC arraigns oil tycoon Akindele over $35m fraud

The Economic and Financial Crimes Commission on Tuesday commenced the prosecution of an oil magnate, Dr Akintoye Akindele, accused of complicity in the conversion of $35 million belonging to the…

EFCC hands 753-unit recovered Abuja estate to housing ministry

The Economic and Financial Crimes Commission (EFCC) has handed over the recovered 753 housing units traced to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele in Abuja to the…

EFCC nabs 120 suspects in Lagos over internet fraud

The Economic and Financial Crimes Commission has arrested no fewer than 120 suspected internet fraudsters in Lagos in what it described as a coordinated crackdown on cybercrime activities across the…

Witness testify against ex-Access Bank staff in alleged N5.7bn fraud

The Economic and Financial Crimes Commission (EFCC) said it has on Thursday presented its first prosecution witness, PW1, Abdulmajeed Agboola, a staff of Access Bank Plc, in the alleged N5.7…

EFCC arraigns Sunsteel MD for alleged $680,622 fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned Olalekan Adewoye, Managing Director and CEO of Sunsteel Industries Limited, over alleged $680,622.65 fraud. Adewoye was brought before Justice Mojisola Dada…

EFCC breaks silence on VeryDarkMan arrest

The Economic and Financial Crimes Commission (EFCC) has addressed public interest and speculation surrounding its ongoing investigation of social media personality Martins Innocent Otse, popularly known as VeryDarkMan, clarifying its…

EFCC nab three suspects linked to Q-net scam

Operatives of the Economic and Financial Crimes Commission, EFCC, have nabbed three suspected fraudsters linked with Q-net scam in the country. The suspects, Olaniyan Joshua, Oyetunde Julius Akano, and Victor…

CAC sets deadline for unregistered firms amid CBEX fallout

The Corporate Affairs Commission has issued a six-week ultimatum to all businesses operating in Nigeria with unregistered names or acronyms, warning that failure to comply with registration requirements may result…

EFCC promises refunds for CBEX investors

The Economic and Financial Crimes Commission (EFCC) has assured Nigerians who invested in the CBEX digital trading platform that efforts are underway to recover and refund their funds. The anti-graft…