The Economic and Financial Crimes Commission (EFCC) has arrested a 35-year-old man, Hyginus Nkwocha, in Abuja for alleged internet fraud and money laundering. The suspect, described as a ‘young billionaire,’ was apprehended at Ever Green Estate, behind Millennium Estate, Lugbe, Abuja, following intelligence about his suspected involvement in internet fraud and money laundering. Items…
The Economic and Financial Crimes Commission (EFCC) has arraigned a businessman, Ayodele Toyosi, before a Lagos High Court in Ikeja, for allegedly defrauding some people of N600,150,000 and $50,000. Toyosi was arraigned along with his two companies, Reaprite Global Limited and Agrorite Limited, on 11-count charge. The defendant, according to the EFCC allegedly defrauded some…
A Federal High Court in Lagos has ordered the interim forfeiture of $2.04m and seven property connected to a former- Central Bank of Nigeria Governor, Godwin Emefiele. Justice Akintayo Aluko made the order on Thurday following an application by the Economic and Financial Crimes Commission, which is investigating alleged fraudulent activities linked to Emefiele. The…
GISTSMATE MEDIA reports that the Executive Chairman of the National Hajj Commission of Nigeria, Jalal Arabi, and the commission’s secretary, Abdullahi Kontagora, are currently in the custody of the Economic and Financial Crimes Commission, EFCC, over the alleged mismanagement of the N90bn 2024 Hajj subsidy. In a document sighted by PUNCH correspondent on Wednesday, the…
The Economic and Financial Crimes Commission (EFCC) on Wednesday said the N50 billion given to the Nigerian Education Loan Fund (NELFUND), also known as Students Loan, was not a donation as reported by some media organisations. The anti-corruption agency in a statement issued by its Head of Media & Publicity, Dele Oyewale, said the fund…
LG Autonomy: EFCC Issues Strong Warnings To Local Govt Chairmen The Economic and Financial Crimes Commission has pledged to closely monitor local government activities to ensure good governance, accountability, and transparency. This follows the recent Supreme Court judgement granting financial autonomy to local governments. It disclosed this at a national dialogue organised by Agora Policy,…
The spokesperson for the Economic and Financial Crime Commission (EFCC), Dele Oyewale, has said that the immediate past governor of Kogi State, Yahaya Bello, remains wanted until arrested. Bello is still on the run 107 days after being declared wanted by the EFCC. On April 18, 2024, the anti-graft agency declared Bello wanted in connection…
GISTSMATE MEDIA reports that Justice G. O. Imadegbelo of the Edo State High Court sitting in Benin City, has sentenced 24 internet fraudsters to various jail terms. The fraudsters were prosecuted by operatives of the Economic and Financial Crimes Commission, Benin Zone. This was made known in a post via the EFCC’s X handle on…