The Federal High Court in Lagos has fixed Monday, January 20, 2025, for the Economic and Financial Crimes Commission (EFCC) to arraign the Chairman of Honeywell Group, Chief Oba Otudeko and a former First Bank Managing Director, Stephen Olabisi Onasanya, for allegedly looting N12.3billion from First Bank. Otudeko – former Chairman of First Bank of…
Justice Alexander Owoeye of Federal High Court, Lagos on Thursday granted a motion exparte brought by the Economic and Financial Crimes Commission (EFCC) for a warrant of arrest against Ezekiel Onyedikachukwu, the manager of gospel singer Mercy Chinwo. EFCC’s lawyyer, Mrs Bilikisu Buhari informed the court of the application when the case was called on…
The unfolding drama surrounding the selection of the Alaafin of Oyo took a fresh twist as the Economic and Financial Crimes Commission (EFCC) intensified its investigation into allegations of bribery involving Prince Lukman Gbadegesin and members of the Oyo kingmakers. The controversy dates back to the selection process for the revered stool of the Alaafin…
The Economic and Financial Crimes Commission (EFCC) has invited Subomi and Wahab, the sons of Razaq Okoya, the billionaire industrialist, for interrogation over alleged abuse of the naira. In the invite signed by Michael Wetkas, acting director of the Lagos directorate of the EFCC, the anti-graft agency directed the duo to report to the head,…
In its ongoing efforts to clean Nigeria of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC have arrested four Chinese and 104 Nigerians in a business apartment in the Gudu axis of Abuja. The information contained in a Statement signed by the Commission’s Spokesperson, Dele Oyewale says…
The Economic and Financial Crimes Commission, EFCC, has secured the conviction of one Chima Hyginus Nkwocha, a.k.a “Young Billionaire,” for cheating by impersonation and money laundering. The commission in a statement on Wednesday night, January 8, 2025, said Nkwocha was jailed on Tuesday, December 31, 2024. Nkwocha was arraigned before Justice Emeka Nwite of the…
10 officers of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have been detained over investigation of some missing items involving them. The officers were arrested last week in connection with the theft of some operational items they could not account for. In a statement on Wednesday, EFCC spokesman, Dele Oyewale,…
The Economic and Financial Crimes Commission, EFCC has revealed that 27 officers were sacked from its workforce in 2024 as part of its quest to enforce integrity and rid its fold of fraudulent elements, Spokesperson for EFCC, Dele Oyewale revealed this in a statement issued on Monday in Abuja. According to the statement, the EFCC…
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the Accountant General of Delta State, Mrs. Joy Enwa, amid the commission’s ongoing investigation of the state’s former governor, Ifeanyi Okowa. The EFCC is investigating the alleged diversion of N1.3 trillion state funds, SaharaReporters has learnt. The commission arrested and detained former governor Okowa…
The Economic and Financial Crimes Commission, on Monday, December 23, 2024, arraigned the Managing Director of Atlantic International Refinery and Petrochemical Limited, Akindele Akintoye at the Federal High Court, Abuja, over an alleged $35 million fraud. He was arraigned before Justice Emeka Nwite on charges bordering on money laundering and contract fraud. On October 31,…