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Court Orders EFCC to Release Aisha Achimugu Within 24 Hours

Justice Inyang Ekwo of the Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to release businesswoman and socialite, Aisha Achimugu, within 24 hours. Achimugu arrived at the court at about 11:35 a.m. on Wednesday, accompanied by two female EFCC officers. Her appearance followed her arrest on Tuesday at the […]

E-Money in EFCC Custody Over Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian socialite, Emeka Okonkwo, widely known as E-Money, over alleged abuse of the Naira and suspected money laundering. The arrest reportedly took place in the Omole area of Lagos State, with E-Money subsequently transferred to the EFCC headquarters in Abuja. Sources revealed that E-Money was […]

EFCC Nabs Aisha Achimugu Over Alleged N8.7bn Oil Deal Scam

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested businesswoman and socialite, Aisha Achimugu, at the Nnamdi Azikiwe International Airport, Abuja. Achimugu was apprehended around 5:00 a.m. on Tuesday upon her return from London. A senior EFCC official confirmed the arrest in a telephone conversation with Channels Television. The EFCC had declared Achimugu […]

Hidden in Bedspreads: How Customs Foiled a Foreign Currency Smuggling Plot

The Economic and Financial Crimes Commission (EFCC) has commenced investigations into foreign currencies seized by officers of the Nigeria Customs Service (NCS) at Mallam Aminu Kano International Airport. In a statement on Monday, the EFCC said its Kano Zonal Directorate was probing the seizure of $86,500, 305,150 Saudi Riyals, and €200 found concealed in an […]

Lost and Forfeited: Why Emefiele’s Claim to 753 Abuja Properties Failed

The Federal Capital Territory (FCT) High Court, sitting in Apo, Abuja, on Monday dismissed an application filed by former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to reclaim a vast estate comprising 753 duplexes and apartments that had already been forfeited to the Federal Government. Justice Jude Onwuegbuzie ordered the final […]

EFCC Declares Eight Wanted Over Crypto Fraud Linked to CBEX

The Economic and Financial Crimes Commission (EFCC) has declared eight individuals wanted over their alleged involvement in a fraudulent scheme linked to the online trading platform Crypto Bridge Exchange (CBEX). In a public notice issued on Friday, the EFCC identified the suspects as Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun. Others named […]

EFCC Reports Record-Breaking Asset Recovery, Over 4,000 Convictions in 2024

The Economic and Financial Crimes Commission (EFCC) recorded its highest performance in 2024, with recoveries amounting to ₦364.6 billion and equivalent sums in various foreign currencies. According to statistics released by the anti-graft agency, recovered assets included over 750 properties, 173 vehicles, and various cryptocurrencies. The EFCC also secured 4,011 convictions, with Lagos recording the […]

Akwa Ibom Gov: Allegations Against Udom Emmanuel Are Baseless and Misleading

The Governor of Akwa Ibom State, Umo Eno, has distanced the state government from the ₦700 billion fraud allegations levelled against his immediate predecessor, Udom Emmanuel, by the Network Against Corruption and Trafficking, currently being investigated by the Economic and Financial Crimes Commission (EFCC). “I do not know where they are getting these figures from […]

Ex-Governor Udom Emmanuel Interrogated Over Alleged ₦700bn Corruption Scandal

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Akwa Ibom State Governor, Udom Emmanuel, over allegations of a ₦700 billion fraud. Emmanuel was taken into custody on Tuesday after voluntarily honouring an invitation from the EFCC to respond to allegations of money laundering and fund misappropriation levelled against him by the […]

Mambilla Power Project Fraud: Court Approves Amended Charges Against Ex-Minister Agunloye

The Federal High Court sitting in Apo, Abuja, has granted the Economic and Financial Crimes Commission (EFCC) permission to amend the charges filed against former Minister of Power, Olu Agunloye, in connection with the alleged fraudulent award of the Mambilla Power Project contract. Justice Jude Onwuegbuzie delivered the ruling on Thursday, ordering Agunloye to take […]

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