FLASH: EFCC Arrests 792 Suspects, Including 148 Chinese, 40 Filipinos In Major Crypto Fraud

The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects, including 193 foreign nationals, for their involvement in cryptocurrency investment fraud and romance scams. The arrests were made on December 10, 2024, following a months-long investigation and surveillance operation at a high-rise building on Oyin Jolayemi Street in Victoria Island, Lagos….

Read More

Tinubu May Soon Borrow From Loan Apps – Dino Melaye

Former Kogi West lawmaker, Senator Dino Melaye, has criticised President Bola Tinubu’s administration over a reckless borrowing spree and extravagant spending. Speaking on Arise Television, Melaye raised concerns that if the current trend continues, Tinubu’s government might soon resort to borrowing from leading fintech companies in the country. Melaye’s comments come in the wake of…

Read More

BREAKING: Ex-AGF Granted Bail In N1.96bn Fraud Case

The Federal High Court in Abuja has granted former Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, bail in the sum of N500 million. The development comes as Nwabuoku faces charges of alleged N1.96 billion fraud. Justice James Omotosho, in his ruling, stipulated that Nwabuoku’s bail be secured with two sureties, each providing a guarantee of…

Read More

FLASH: WhatsApp May Exit Nigeria Over $220m Fine

One week after Nigeria’s Federal Competition and Consumer Protection Commission imposed a $220 million fine on WhatsApp for a data privacy breach, the Meta-owned company may suspend its operations in the country due to further regulatory demands. Sources close to the situation indicate that Meta, WhatsApp’s parent company, is contemplating withdrawing certain services from Nigeria….

Read More
Go Up