The chairperson of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has threatened legal action against online news platform Peoples Gazette over its report suggesting his involvement in the alleged abduction and forced resignation of the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited Bayo Ojulari. In a statement released…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says 18 sitting governors are currently being investigated by the anti-graft agency. Olukoyede spoke in Lagos on Friday during a sensitisation programme on the ills of naira mutilation and abuse. According to him, the agency will take action when the tenure of…
Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission EFCC, has announced that the body has recovered lost funds from the CBEX fraud scheme. Olukoyede did not announce the amount recovered, but he assured Nigerians that the EFCC is taking action against the promoters of the scheme. The EFCC Chairman emphasised that…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, on Wednesday begged the National Assembly to urgently pass a law to criminalise unexplained wealth. He said Nigeria cannot win the anti-corruption war without legal backing to hold public officers accountable for assets far beyond their legitimate earnings. Speaking during the National Conference…
The Economic and Financial Crimes Commission (EFCC) has revealed that politically exposed persons (PEPs) in Nigeria are using internet fraudsters, popularly known as ‘yahoo-yahoo boys’, 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…
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 EFCC’s official X handle, on Monday, Olukoyede emphasised the agency’s commitment to securing justice for the victims. He…
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…
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has announced the dismissal of two officials over alleged corruption. Speaking on Tuesday at the annual criminal law review conference organised by the Rule of Law Development Foundation in Abuja, Olukoyede said the staff were sacked two weeks ago. He said the commission is…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has said the level of corruption in the power sector would make people cry. He put it this way: “As we speak, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector,…