The Economic and Financial Crimes Commission (EFCC) has said it is currently working on helping six Nigerian banks recover billions of Naira stolen by hackers, who gained access to the banks’ systems. Chairman of the Commission, Mr. Ola Olukoyede, disclosed this during an interview on TVC on Sunday. While declining to mention the affected banks…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has cautioned Nigerians against declaring former militant leader, Government Tompolo, guilty of Naira abuse. In a video that went viral, the former militant leader was seen getting sprayed with N1,000 notes by an unidentified man during his 54th birthday ceremony. Many Nigerians were…
The Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading platform. Olukoyede also disclosed that the EFCC has made arrests in connection with the CBEX fraud. The EFCC boss revealed this in an interview with…
EFCC Chairman, Olanipekun Olukoyede, hands over a 753-unit housing estate formerly owned by Godwin Emefiele in Abuja on May 20, 2025. The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele. Disclosing this in…
A bill seeking to strip the Economic and Financial Crimes Commission(EFCC) the Independent Corrupt Practices and Other Offences Commission(ICPC) and other anti-graft agencies of the power to manage proceeds of crime has passed second reading in the Senate. The bill, titled the Proceeds of Crime (Recovery and Management) Act Amendment Bill, seeks to create a…
Former Ekiti State Governor, Ayodele Fayose, has filed a no-case submission in response to the N6.9bn fraud charges brought against him by the Economic and Financial Crimes Commission. Justice Chukwujekwu Aneke of the Federal High Court in Lagos heard the no-case submission and subsequently reserved a ruling on it. Fayose was represented by a former…
Operatives of the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, have arrested 120 suspected internet fraudsters in a coordinated raid across multiple locations in Lagos State. The suspects, comprising 95 men and 25 women, were apprehended on Monday, May 19, 2025, following actionable intelligence and weeks of surveillance on their alleged cybercrime…
Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin, Kwara State, has sentenced a 27-year-old fashion designer, Haruna Musa Tolani, to 12 months imprisonment for impersonating and defrauding Callitus Egwuonwu, an investigating officer with the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate. Tolani, an indigene of Ilorin East Local Government Area…
A Federal High Court sitting in the Jabi area of Abuja has sentenced Danji-Fari Ubadallah to two months imprisonment for defrauding an American $50. In a statement by the Economic and Financial Crimes Commission on Wednesday that the convict was arraigned on a count bordering on Internet fraud. The statement noted that the defendant cheated…
The Economic and Financial Crimes Commission (EFCC) has admitted that it wrongly declared Ellie Bitar wanted over the CBEX ponzi scheme. The anti-graft agency, in a statement on Wednesday, made this admission a few days after FIJ first published the story on how Mr Bitar was wrongly declared wanted by the EFCC. “Ellie Bitar of…