Justice Alexander Owoeye of the Federal High Court, sitting in Ikoyi, Lagos, has convicted and sentenced a businessman, Uzondu Precious Chimaobi, to four years imprisonment for refusing to accept the Naira as legal tender. A statement by the Economic and Financial Crimes Commission (EFCC) stated that Chimaobi was arraigned on a two-count charge bordering on…
The Economic and Financial Crimes Commission on Monday arraigned a Chinese national, Liu Beixiang, also known as Lao Liu, before Justice Ayokunle Faji of the Federal High Court in Lagos, over an allegation of providing false information to a government official. Liu is facing a one-count charge bordering on deliberately supplying false information to an…
The Federal High Court in Abuja on Thursday dismissed a N5bn suit brought by 110 alleged internet fraudsters against the Economic and Financial Crimes Commission, ruling it lacked merit. The presiding judge, Justice James Omotosho, dismissed the suit on the grounds that the applicants failed to prove they had been unlawfully detained after taking arguments…
The Economic and Financial Crimes Commission, EFCC, has reacted to reports of an alleged connection between Ex-Vice President, Atiku Abubakar, Lagos State Governor, Babajide Sanwoolu and a Popular Business woman and Socialite, Aisha Achimugu, who is currently wanted by the commission for Money-Laundering and Fraud. In a statement signed by its Media Head, Dele Oyewale,…
The Economic and Financial Crimes Commission (EFCC) has declared Aisha Sulaiman Achimugu, an ally of Lagos State Governor Babajide Sanwo-Olu, wanted over allegations of money laundering and criminal conspiracy. Achimugu, who is accused of secretly funnelling funds to opposition leaders Peter Obi and Atiku Abubakar during the 2023 elections, was officially declared wanted in a…
The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned Mamman Nasir Ali, son of former Chairman of Peoples Democratic Party (PDP), Ahmadu Ali, over an alleged N2.2 billion oil subsidy fraud. Ali alongside Christian Taylor and their oil company, Nasaman Oil Services Limited were brought before before Justice Mojisola Dada of a Lagos Special Offences…
GISTSMATE MEDIA reports that the Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arrested 37 suspected Internet fraudsters in Ilorin, the Kwara State capital. According to the commission post on it verified X page, the 15 suspects were arrested on Wednesday, March 26, 2025. At Tanke Oke-Odo area…
Okorie Sunday, a businessman who was detained on March 19, at Murtala Muhammed International Airport in Lagos with $578,000 in cash, collapsed in court during his trial on Wednesday. Okorie appeared before the Federal High Court in Lagos, where his trial had begun earlier in the morning at 8:30 am. Okorie suddenly collapsed shortly after…
The Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned a former National Security Adviser, retired Col. Sambo Dasuki, and a former General Manager of the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-Kusa, along with two others, over an alleged N33.2 billion fraud. Their arraignment took place before Justice Charles Agbaza of the Federal Capital…
Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, March 24, 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja. They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT, Abuja, following actionable intelligence on the existence of the Academy. The Academy, named Q…