The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged Nigerian youths to shun internet fraud and channel their creative energies towards nation-building. He gave the charge on Wednesday, 8 October 2025, at the inaugural Kids and Teens STEAM Innovate Buildathon bootcamp. The event, themed “Future Innovator: Young Minds, Big…
The Economic and Financial Crimes Commission (EFCC) has arraigned an accountant, Oguibe Nkwachukwu, and his company, Wifamapp Royalty Global Limited, before the Lagos State High Court in Ikeja over the alleged theft of about N200 million. The prosecution accused the defendant of stealing the money from Travelstar Web Logistics Limited. In a statement on Monday,…
The Economic and Financial Crimes Commission says it recovered N364.5bn and $326.5m crime proceeds between 2023 and 2024. The commission said the recoveries, which it described as unprecedented, were complemented by extensive monitoring of government intervention funds, including the PL-CNG scheme, NG-CARES, NACA Global Fund, SESET, AMCON loans, and various Central Bank of Nigeria facilities,…
The Benin Zonal Directorate of the Economic and Financial Crimes Commission have arrested 92 suspected internet fraudsters in Edo State. They were apprehended in a sting operation on Monday, September 29, 2025, at various locations within Benin City. According to a statement by the Commission issued via X on Wednesday, the arrests followed credible intelligence…
The Economic and Financial Crimes Commission (EFCC) has arrested 28 suspected internet fraudsters in Ilorin, Kwara State. During a sting operation, the suspects were arrested in the Tanke, University Road, Oshin, and Agbabiaka areas of the state capital. Seven exotic cars, including the latest models of Toyota Corolla and a Lexus, two motorcycles and expensive…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has attributed the rising involvement of Nigerian youths in financial crimes to parenting failures and neglect within the family unit. Speaking in Kaduna on Friday, September 19, 2025, at the Armed Forces Command and Staff College, Olukoyede, represented by the Acting…
The Economic and Financial Crimes Commission, EFCC and the National Office of Investigation, Korean National Police Agency, KNPA, have signed a Memorandum of Understanding, MoU, on tackling economic and financial crimes and strengthening institutional capacities. The signing of the MoU took place on Tuesday, September 16, 2025 in Seoul, South Korea at the 3rd International…
The Economic and Financial Crimes Commission (EFCC) has blamed suspects involved in internet fraud and money laundering for subjecting Nigerians to stricter visa restrictions criteria abroad. This was disclosed in a statement by the Commission on Tuesday. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, called on youths in the South-South region to resist…
The Economic and Financial Crimes Commission, EFCC, has said that judgment shall start from the house of God. The Commission stated this on Tuesday via a post on X, while announcing its 164th edition of EFCC Connect tagged “Fighting Economic and Financial Crimes in the House of God”. GISTSMATE MEDIA reports that the Commission lifted…
The Federal High Court, Abuja Division, on Monday, ordered the final forfeiture of seven million dollars recovered by the Economic and Financial Crimes Commission to the Federal Government. Justice Emeka Nwite gave the order after EFCC’s lawyer, Rotimi Oyedepo, SAN, moved an application for the final forfeiture of the money. Mr Oyedepo reminded that the…