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EFCC Targets Banks, Fintechs over N162bn Crypto Fraud

The Economic and Financial Crimes Commission (EFCC) has called for the suspension and prosecution of deposit money banks, Fintech companies, and microfinance banks accused of aiding and abetting fraudsters in defrauding Nigerians through large-scale financial scams. The Director of Public Affairs at the Commission, Mr. Wilson Uwujaren, made the call in Abuja on the sidelines […]

EFCC Recovers ₦1.28bn Enugu Government Funds from Sujimoto

The Economic and Financial Crimes Commission (EFCC) has recovered more than ₦1.28 billion from Mr. Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction Ltd, funds belonging to the Enugu State Government. The Enugu State Government, in September 2025, accused the company’s CEO of defrauding the state of ₦5.76 billion earmarked for the construction of […]

EFCC Recovers ₦802m, Returns Funds to First Bank After Fraud Probe

The Economic and Financial Crimes Commission (EFCC) has handed over ₦802.42 million recovered by its Benin Zonal Directorate to First Bank of Nigeria Plc. The EFCC spokesperson, Mr. Dele Oyewale, disclosed this in a statement issued on Tuesday in Abuja. According to him, the funds were recovered from a suspect, Mr. Ojo Kingsley, who unlawfully […]

FG Files 16-Count ₦1.014bn Money Laundering Charge Against Malami, Son

The Federal Government has filed a 16-count charge bordering on alleged money laundering involving the sum of ₦1.014bn against a former Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, and his son, Mr. Abubakar Abdulaziz Malami, before the Federal High Court in Abuja. Also named as a co-defendant is Mrs. Bashir […]

Malami Accuses EFCC Chairman of Bias, Demands Recusal and Immediate Arraignment or Release

Former Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has demanded the immediate recusal of the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, from an ongoing investigation involving him, alleging bias, personal vendetta, and political persecution. Mr. Malami made the demand in a statement issued on […]

EFCC seizes Malami’s passport over probe into alleged $490m Abacha loot

The Economic and Financial Crimes Commission (EFCC) has seized the international passport of former Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, as part of investigations into the whereabouts of an alleged $490 million Abacha loot recovered through a Mutual Legal Assistance (MLAT) process. A credible EFCC source said on […]

EFCC Summons Former Attorney-General Malami for Interview

The Economic and Financial Crimes Commission (EFCC) has summoned the immediate past Attorney-General of the Federation, Mr. Abubakar Malami. The invitation, contained in a letter dated 24 November, scheduled the former minister to appear before investigators on Friday, 28 November. “The Commission is investigating a case for which the need to obtain certain information from […]

Former Minister Sylva Hunted by EFCC in Multi-Million Dollar Refinery Fund Case

The Economic and Financial Crimes Commission (EFCC) has declared former Governor of Bayelsa State and former Minister of Petroleum Resources, Mr. Timipre Sylva, wanted. In a statement signed by its spokesperson, Mr. Dele Oyewale, on Monday, the commission alleged that Mr. Sylva is wanted for conspiracy and the dishonest conversion of $14,859,257. According to the […]

Mompha to face trial: Court says EFCC has case in ₦6bn laundering charge

The Ikeja Special Offences Court in Lagos on Tuesday dismissed a no-case submission filed by internet celebrity Mr. Ismaila Mustapha, popularly known as Mompha, in his ongoing ₦6 billion money laundering trial. Justice Mojisola Dada ruled that the Economic and Financial Crimes Commission (EFCC) had established a prima facie case against Mr. Mustapha and his […]

EFCC Arraigns Three Men, Vessel over ₦12bn PMS Theft

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned a vessel, MT Ostria, and three men before an Ikeja Special Offences Court over the alleged theft of Premium Motor Spirit (PMS) valued at ₦12 billion. The defendants — Raymundo Panaligam and Roneno Villarin, both officials of the vessel, and Vincent Wayas, a staff member […]

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