The Federal High Court in Lagos has sentenced seven Chinese nationals to one year imprisonment each for their involvement in cyberterrorism and internet fraud linked to a massive Ponzi scheme uncovered in December 2024. The convicts ā Peng Li Huan, Zhang Jin Rong, He Kun, Rachelle Cabalona, Caselyn Pionela, Guo Long Long, and Zhang Hua…
Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, June 19, 2025, convicted and sentenced one Olukeye Adedayo to 76 years imprisonment. Adedayo was arraigned sometime in 2024 on an 18-count charge bordering on transmission of child pornography, fraudulent impersonation, and sextortion to the tune of N721,500.00 (Seven Hundred and…
The Economic and Financial Crimes Commission (EFCC) Chairman, Ola Olukoyede, has assured Nigerians that the Commission will never again allow hitherto looted assets by corrupt individuals to be relooted in the country. He gave the assurance in Kachia, Kaduna State, on Wednesday when he paid a visit to the main campus of the newly established…
Operatives of the Makurdi Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday June 17, 2025 arrested a former Speaker of the Plateau State House of Assembly, Mr. Moses Thomas Sule and 14 other members for alleged money laundering. The 14 members are: Gwottson Fom, Sani Abubakar, Jwe Philip Gwom, Thomas Dantong,…
The Economic and Financial Crimes Commission (EFCC) has revealed that politically exposed persons (PEPs) in Nigeria are using internet fraudsters, popularly known as āyahoo-yahoo boysā, to launder billions of naira in stolen public funds into offshore accounts. This shocking disclosure was made during a media briefing at the EFCC headquarters in Abuja on Monday by…
The Economic and Financial Crimes Commission (EFCC) on Friday arraigned Halima Buba, Chief Executive Officer of SunTrust Bank Nigeria Limited, and Innocent Mbagwu, the bankās Executive Director and Chief Compliance Officer, before Justice Emeka Nwite of the Federal High Court, Abuja. The duo face a sixācount charge alleging money laundering to the tune of $12āÆmillion….
Three promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as āCBEXā have sought bail from the Federal High Court in Abuja following their detention in connection with an alleged $1 billion scam targeting Nigerian victims. The legal team for the three suspects, Babatunde Busari and Justice Otorudo, sought bail from Justice Emeka Nwite…
Nine Chinese nationals have been sentenced to one year imprisonment each for cyber-terrorism and internet fraud by a Nigerian federal court sitting in Lagos. The Chinese nationals were among the syndicate of 792 alleged cryptocurrency investment and romance fraud suspects arrested on December 19, 2024 in Lagos during a sting operation tagged āEagle Flush Operationā…
The Economic and Financial Crimes Commission (EFCC) as declared two individuals wanted in connection with an online trading platform, Crybto Bridge Exchange (CBEX). The two wanted individuals are Folashade Odelana and Bamidele Ayodele Abiodun. The last known address of the two wanted persons is No 17, Oremeta Street, Allen, Ikeja, Lagos. The commission has urged…
A middle-aged man voluntarily turned himself in at the Gombe Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), confessing to a ā¦9 million employment scam. The suspect, identified as Idris Adamu, walked into the EFCC office on Monday and requested an audience with the Acting Zonal Director, Deputy Commander of the EFCC (DCE)…