The Economic and Financial Crimes Commission has declared one foreign national, Elie Bitar wanted for his alleged involvement in a cryptocurrency fraud linked to the online trading platform, Crypto Bridge Exchange. According to an official bulletin issued by the Commission, Bitar, 41, is wanted for a suspected fraudulent scheme carried out via CBEX, which has…
The Economic and Financial Crimes Commission has released Nigerian socialite and businessman Emeka Okonkwo, popularly known as E-Money, on bail following his arrest over alleged naira abuse. E-Money was taken into custody by the EFCC on Tuesday, April 28, after being arrested late Monday night at his residence in the Omole area of Lagos. He…
Socialite Cubana Chief Priest has reacted over the arrest of singer and businessman E-Money by the Economic and Financial Crimes Commission (EFCC) over alleged Naira abuse, expressing solidarity with the Igbo entrepreneur. Chief Priest claimed that the arrest was driven by E-Money’s growing influence and his support for the southeast region. He reassured E-Money that…
Prominent business executive and socialite, Aisha Achimugu, has reportedly declared a hunger strike while in the custody of the Economic and Financial Crimes Commission, following her arrest by operatives of the anti-graft agency. In a statement issued on Tuesday in Abuja, her legal team, led by Senior Advocate of Nigeria (SAN), Mr. Chikaosolu Ojukwu, confirmed…
The Federal High Court in Abuja has granted an interim forfeiture order on properties linked to Uchenna Erondu, a member of the Abia State House of Assembly and former aide to a past governor of the state. The order followed a motion ex-parte filed by the Economic and Financial Crimes Commission (EFCC) in connection with…
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested prominent Lagos socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over alleged abuse of the Nigerian currency. E-Money was reportedly picked up on Monday night at his residence in the Omole area of Lagos. It was gathered on Tuesday that the socialite is being…
A prominent business executive and socialite, Aisha Sulaiman Achimugu, has been “arrested” by operatives of the Economic and Financial Crimes Commission (EFCC), according to her legal team. Chikaosolu Ojukwu, SAN, made this known in a statement to Nairametrics on Tuesday, stressing that “Aisha Achimugu, who arrived voluntarily into the country from London, was arrested by…
The Economic and Financial Crimes Commission (EFCC) is yet to release the reports of its investigations into the alleged fraud cases involving former Ministers of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouk and Betta Edu, Daily Trust reports. The investigations, which were launched 15 months, also involved a former coordinator of the National…
The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against the excessive desire for money. The agency issued the advice in a terse post on its X handle on Sunday. “Love money too much, and Ponzi schemes will love you …..as their next target….be guided, the Eagle loves you all,” the post read. This…
The Economic and Financial Crime Commission, EFCC, has declared additional four suspected accomplices over fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX). GISTSMATE MEDIA reported that EFCC earlier declared Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun wanted for their alleged roles in the scam, which has defrauded…