Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has assured the Commission is working tirelessly to recover funds lost to the Crypto Bridge Exchange trading platform (CBEX) investment scheme. In a video on the EFCCās official X handle, on Monday, Olukoyede emphasised the agencyās commitment to securing justice for the victims. He…
The Economic and Financial Crimes Commission has filed fresh charges against the embattled former governor of the Central Bank of Nigeria, Mr Godwin Emefiele. The charges, filed before a High Court of the Federal Capital Territory in Abuja, allege that Emefiele unlawfully acquired a housing estate comprising 753 units, and allegedly stole and controlled billions…
An Ikeja Special Offences Court on Tuesday sentenced Mamman Ali and Christian Taylor to 14 yearsā imprisonment each over a N2.2 billion oil subsidy fraud. Ali, son of a former National Chairman of the Peoples Democratic Party (PDP), Ahmadu Ali, and Taylor were charged by the Economic and Financial Crimes Commission (EFCC). The EFCC charged…
The Federal Government, on Tuesday, disclosed that looted funds totalling $ 967.5 billion and N277 billion have been recovered in cash and assets. The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, said the recovery was made in 2024 alone. According to him, whereas the Economic and Financial Crimes Commission, EFCC,…
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 banksā 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…