Fraud – Outlook Nigeria

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

admin / 2 months
0
1 min read

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

admin / 2 months

2 min read

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

admin / 2 months

2 min read

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 […]

Former AMCON Boss, Others Face Court Over Alleged Multi-Billion Fraud Against Arik Air

admin / 3 months

2 min read

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned five individuals, including the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air of ₦76 billion and $31.5 million. The other defendants include the former Receiver Manager of Arik Air, Kamilu Omokide; the airline’s CEO, Captain Roy […]

Ibori Risks Losing $130 Million as UK Judge Orders Confiscation

admin / 2 years

2 min read

On Friday, Judge David Tomlinson of Southwark Crown Court in London issued a significant ruling, ordering the confiscation of £101.5 million pounds ($130.34 million) from former Delta state governor, James Ibori. In naira terms, the confiscated amount stands at N101,1 billion, which is approximately one-ninth of the amount shared by the three tiers of the […]

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

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

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

Former AMCON Boss, Others Face Court Over Alleged Multi-Billion Fraud Against Arik Air

Ibori Risks Losing $130 Million as UK Judge Orders Confiscation

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