The Economic and Financial Crimes Commission (EFCC) has assured individuals who invested in the CBEX digital trading platform that they would recover their funds. The commission revealed that it had been monitoring the platform even before the recent wave of public complaints. CBEX, which had promised investors a 100 percent return on investment, faced a…
Operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested 40 suspected internet fraudsters in separate operations carried out in Bida and Minna areas of Niger State. According to a statement by EFCC’s Head of Media and Publicity, Dele Oyewale, the arrests were based on credible intelligence linking the…
The Economic and Financial Crimes Commission (EFCC) in Tuesday assured some Nigerian investors that it was working with INTERPOL to fish out the operators of the crashed digital trading platform, CBEX.Nigerian cultural tours Adele Oyewale, the spokesperson of the commission in a statement said the EFCC has already launched a probe into the activities of…
Justice Alexander Owoeye of the Federal High Court, sitting in Ikoyi, Lagos, has convicted and sentenced a businessman, Uzondu Precious Chimaobi, to four years imprisonment for refusing to accept the Naira as legal tender. A statement by the Economic and Financial Crimes Commission (EFCC) stated that Chimaobi was arraigned on a two-count charge bordering on…
The Economic and Financial Crimes Commission on Monday arraigned a Chinese national, Liu Beixiang, also known as Lao Liu, before Justice Ayokunle Faji of the Federal High Court in Lagos, over an allegation of providing false information to a government official. Liu is facing a one-count charge bordering on deliberately supplying false information to an…
The Federal High Court in Abuja on Thursday dismissed a N5bn suit brought by 110 alleged internet fraudsters against the Economic and Financial Crimes Commission, ruling it lacked merit. The presiding judge, Justice James Omotosho, dismissed the suit on the grounds that the applicants failed to prove they had been unlawfully detained after taking arguments…
The Economic and Financial Crimes Commission, EFCC, has reacted to reports of an alleged connection between Ex-Vice President, Atiku Abubakar, Lagos State Governor, Babajide Sanwoolu and a Popular Business woman and Socialite, Aisha Achimugu, who is currently wanted by the commission for Money-Laundering and Fraud. In a statement signed by its Media Head, Dele Oyewale,…
The Economic and Financial Crimes Commission (EFCC) has declared Aisha Sulaiman Achimugu, an ally of Lagos State Governor Babajide Sanwo-Olu, wanted over allegations of money laundering and criminal conspiracy. Achimugu, who is accused of secretly funnelling funds to opposition leaders Peter Obi and Atiku Abubakar during the 2023 elections, was officially declared wanted in a…
The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned Mamman Nasir Ali, son of former Chairman of Peoples Democratic Party (PDP), Ahmadu Ali, over an alleged N2.2 billion oil subsidy fraud. Ali alongside Christian Taylor and their oil company, Nasaman Oil Services Limited were brought before before Justice Mojisola Dada of a Lagos Special Offences…
GISTSMATE MEDIA reports that the Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arrested 37 suspected Internet fraudsters in Ilorin, the Kwara State capital. According to the commission post on it verified X page, the 15 suspects were arrested on Wednesday, March 26, 2025. At Tanke Oke-Odo area…