Abuja, Nigeria — The Economic and Financial Crimes Commission (EFCC) says it has uncovered a new tactic by some politicians to legitimise ill-gotten wealth by declaring ownership of assets even before acquiring them. EFCC Chairman, Ola Olukoyede, disclosed this on Tuesday in Abuja at the launch of a virtual tool on the Code of Conduct…
Abuja, Nigeria — The African Democratic Congress (ADC) has warned the Economic and Financial Crimes Commission (EFCC) against what it called the politicisation of its work, accusing the agency of carrying out media trials to harass and intimidate opposition leaders on behalf of the ruling All Progressives Congress (APC). According to a statement signed by…
Lagos, Nigeria —The Economic and Financial Crimes Commission, EFCC, has declared Seun Ogunbambo, Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Federal Government of over N976 million through false subsidy claims. The anti-graft agency, in a public notice issued Friday, said Ogunbambo jumped bail while on trial before a Lagos…
Nigeria — The controversial social media critic, Mr. Martins Innocent Otse, popularly known as VeryDarkMan(VDM) has been granted administrative bail by the Economic and Financial Crimes Commission (EFCC), and will be released upon perfection of his bail condition. The anti-corruption agency also revealed that it arrested the social media personality due to several petitions received…
Nigeria — The Former Presidential candidate of Labour Party, Peter Obi has condemned the manner at which the popular social media critic, Martin Vincent Otse, also known as VeryDarkMan, VDM, was arrested by security operatives. According to reports, VDM was arrested on Friday shortly after he visited a Guaranty Trust Bank, GTBank branch in Abuja…
Nigeria — The Economic and Financial Crimes Commission (EFCC) said it has traced funds linked to the failed crypto bridge exchange (CBEX) scheme to at least four countries. Speaking on a Channels Television programme on Wednesday night, EFCC chairman, Ola Olukoyede, said although efforts are underway to recover the stolen funds, full restitution to victims…
Niger, Nigeria — Suspected bandits posing as operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly abducted 10 people from White Hill Hotel on Shiroro Road, Chanchaga Local Government Area (LGA) of Niger State. A security analyst and counter-insurgency expert, Zagazola Makama, quoted intelligence sources as saying that the incident occurred at about…
Abuja, Nigeria — The Economic and Financial Crimes Commission and the Corporate Affairs Commission have agreed to deepen collaboration in the fight against corruption. This collaboration aims at the both agencies working together to strengthen their efforts in curbing fraudulent activities, ensuring that businesses operate with integrity, and ultimately creating a more stable economic foundation…
Abuja, Nigeria — The Nigeria Internet Registration Association (NIRA) has resolved to strengthen its existing collaboration with the Economic and Financial Crimes Commission, EFCC towards enhancing the country’s cyber security. The resolution was reached when the President of NIRA, Akinsanya Adesola, led a staff delegation on a courtesy visit to EFCC’s Executive Chairman, Mr. Ola…
Social media personality and crossdresser, Okuneye Idris, well known as Bobrisky, was rearrested from an Amsterdam-bound KLM flight and detained by immigration officers late on Thursday night in an attempt to leave the country. The popular cross-dresser posted on his Instagram page to alert followers about the arrest, stating that he had sustained injuries during…
The Federal Government has withdrawn all money laundering charges against Tigran Gambaryan, an executive at Binance Holdings, citing health concerns. Gambaryan, who had been in detention since April, was facing trial at the Federal High Court in Abuja. Also Read: [Arrest of Binance Chief Executive] During a hearing on Wednesday, a counsel for the Economic…
The All Progressives Congress, APC, in Kano State, on Sunday, called on the Economic and Financial Crimes Commission, EFCC, to launch a full-scale investigation into the latest scandal involving medical supply contracts to 44 local governments in the state. This was disclosed in a statement issued by the chairman of the APC, Alhaji Abdullahi Abbas…
Famous Nigerian singer Paul Okoye, professionally known as Rudeboy of the P-Square duo, has disclosed his source of wealth after his arrest by the Economic and Financial Crime Commission, EFCC. It was gathered that Rudeboy and his elder brother, Jude Okoye, were arrested by the anti-graft agency recently. Speaking after his release, Rudeboy, in a…
The Anti-graft agency,EFCC, on Saturday morning raided some lounges and event centres in the Alagbaka area of Akure, the Ondo State Capital. The EFCC operatives during the raid arrested over 50 people who they alleged to be internet fraudsters mostly regarded as yahoo boys. Among those taken away was a groom-to-be who was in one…
