By EZEKIEL OBi, Abuja- The Third Prosecution Witness, PW3, Umar Babangida in the trial of the former Minister of Power and Steel Development, Olu Agunloye, on Monday, June 16, 2025, told Justice J.O. Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja that Agunloye’s successor, Senator Liyel Imoke...
fraud
By EZEKIEL OBI, Abuja- Operatives of the Makurdi Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), on Tuesday June 17, 2025 arrested a former Speaker of the Plateau State House of Assembly, Mr. Moses Thomas Sule and 14 other members for alleged money laundering. The commission in...
By EZEKIEL OBI, Abuja – The Economic and Financial Crimes Commission (EFCC), on Tuesday, June 17, 2025, re-arraigned the Bauchi State’s Accountant General, Sirajo Muhammad Jaja before Justice O.A. Egwuatu of the Federal High Court, Maitama, Abuja. Jaja was arraigned alongside a bureau de change operator, Aliyu Abubakar whose...
By EZEKIEL OBI, Abuja – The Third Prosecution Witness, PW3, Umar Babangida in the trial of the former Minister of Power and Steel Development, Olu Agunloye, on Monday, June 16, 2025, told Justice J.O. Onwuegbuzie of the Federal Capital Territory High Court, Apo, that former President Olusegun Obasanjo and...
By BARBARA KALU, Port-Harcourt – The Port Harcourt Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned the director of Glossalalia Nigeria Ltd and Pelenged Nigeria Ltd, Precious Williams before Justice S. I . Mark of the Federal High Court, sitting in Port Harcourt, the Rivers...
By JOY ADARA, Abuja- The Economic and Financial Crimes Commission (EFCC) has tendered a statement made by former President Olusegun Obasanjo in the trial of Dr. Olu Agunloye, a former Minister of Power and Steel. Agunloye is facing a seven-count charge bordering on forgery, disobeying presidential directive, and gratification....
By MBAFAN ADE, Abuja- The Securities and Exchange Commission (SEC) has reiterated that Crypto Bridge Exchange (CBEX), operating under ST Technologies International Ltd., remains banned in Nigeria. In a public notice, the commission warned Nigerians to refrain from patronizing or transacting with CBEX, citing unauthorized investment activities. “We unequivocally...
By EMMANUEL KUJE, Abuja- The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against Avwerosuo Otorudo and Chukwuebuka Ehirim, promoters of Crypto Bridge Exchange (CBEX), over alleged investment fraud totaling over $1 billion. The EFCC accuses the duo of: Operating an unregistered company and administering a...
A Federal Capital Territory High Court in Maitama has overruled former Taraba Governor Darius Ishaku’s objection to the admissibility of key documents in his alleged N27 billion fraud trial. Justice Slyvanus Oriji held that the statement of the prosecution’s witness, Ismail Lawal, made at the EFCC office, was admissible...
The Federal High Court in Abuja has adjourned the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in an alleged over $1 billion fraud until June 30 for ruling. The Economic and Financial Crimes Commission (EFCC) opposed the bail application, arguing that the defendants might...
The Federal High Court in Abuja has rejected the no-case submission filed by Prof. Dibu Ojerinde, former Registrar of the Joint Admissions and Matriculation Board (JAMB), in an alleged N5.2 billion fraud case. Justice Obiora Egwuatu ruled that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) had...
Federal High Court in Abuja has ordered the remand of Mr. Jesam Michael, CEO of Afriq Arbitrage System (AAS) Limited, in Kuje Correctional Centre over alleged investment fraud. Justice Obiora Egwuatu refused Michael’s bail plea, citing the gravity of the offence and weight of evidence against him. The Economic...
By CALLISTUS OFFOR, Abuja- Nigerian National Petroleum Company (NNPC) Limited has issued a public notice warning individuals and businesses to be cautious of impostors claiming to represent the company. These scammers allegedly solicit fees for meetings with NNPC board members, executives, and management staff. Chief Corporate Communications Officer, NNPC...
The Economic and Financial Crimes Commission (EFCC) has sued a former Central Bank Governor, Godwin Emefiele, for allegedly stealing and unlawfully acquiring 753 housing units located at Plot 109, Cadastral Zone C09, Lokongoma District, Abuja. In the eight new counts filed at the High Court of the Federal Capital...
Some retired cooperative members of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Lagos State Branch, have decried alleged misappropriation of their funds by the management committee of the multipurpose society. Speaking at a media briefing in Abuja on Friday, the members said that they were yet to access...
Federal High Court in Abuja has fixed June 4 for the arraignment of Halima Buba, Managing Director/Chief Executive Officer (CEO) of SunTrust Bank Ltd, over alleged money laundering to the tune of 12 million U.S dollars. Buba will be arraigned by the Economic and Financial Crimes Commission (EFCC), alongside...
An Ikeja Special Offences Court has ordered the Economic and Financial Crimes Commission (EFCC) to provide an investigative report and e-statement of Keystone Bank with the Central Bank of Nigeria (CBN). Justice Rahman Oshodi made the order on Tuesday in the ongoing N20 billion fraud trial involving the former...
By EZEKIEL OBI, Abuja- Officers of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested 49 suspected internet fraudsters in Lokoja, the Kogi State capital. The commission in a post via its X handle on Monday, said the suspects were arrested between Saturday, May 24, 2025 and...