Nigerian businessman and socialite Emeka Okonkwo, popularly known as E-Money, has urged Nigerians to stop spraying the Naira or any other currency at parties, warning that the practice constitutes currency abuse and is punishable by law. In a post shared via Instagram on Thursday, E-Money cited the Economic and Financial Crimes Commission’s (EFCC) directive against…
The Economic and Financial Crimes Commission (EFCC) has revealed that it has traced funds connected to the failed CBEX cryptocurrency bridge exchange scheme to at least four different countries. EFCC Chairman Ola Olukoyede disclosed this on Wednesday during an appearance on Politics Today, a Channels Television programme. Olukoyede explained that while efforts are ongoing to…
Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence. Two traders on the CBEX platform confirmed to The PUNCH on Wednesday that the digital trading firm…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has dismissed allegations that President Bola Tinubu is using the Commission to target members of opposition parties. Speaking as a guest on Channels Television’s Politics Today on Wednesday, Olukoyede described the claims as a ploy to distract the President from “the good work…
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…