Justice Alexander Owoeye of the Federal High Court, Ikoyi, Lagos, on Monday, March 3, 2025 adjourned hearing in the trial of Jude Okoye Chigozie, older brother and ex-manager of Paul and Peter Okoye till April 14, 2025. Okoye is standing trial alongside his company, Northside Music Limited, on seven- count charges bordering on money laundering raised against him by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC. One of the counts reads: “That you, Jude Okoye Chigozie and Northside Music Limited sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a…
Author: Kunle Edun
The Economic and Financial Crimes Commission, EFCC, has charged Designated Non-Financial Businesses and Professions, DNFBPs, across the country to carry out their businesses in line with the provisions of the Money Laundering (Prohibition and Prevention ) Act, 2022. The charge was given on Thursday, February 27, 2025 in Enugu during a one-day sensitization programme, organized by the Special Control Unit against Money Laundering, SCUML, for DNFBPs in the South-East. Speaking on the theme, “From Awareness to Action: Mobilizing DNFBPs for Compliance”, Head, Strategic Analysis and Cooperation, SCUML, Assistant Commander of the EFCC, ACE I Korede Abdul-Aziz, described Know Your Customer,…
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate, on Thursday, February 27, 2025 arrested 11 suspected internet fraudsters. They were arrested in broad daylight at White Hotel, Chanchangi Local Government Area in Niger state following credible intelligence about their suspected involvement in fraudulent internet activities. Items recovered from them include two vehicles and 13 phones of different brands. The Commission’s operatives carried out the arrest professionally with no motive or tinge of abduction. The suspects will be charged to court upon conclusion of investigations. Dele Oyewale Head, Media & Publicity March 2, 2025 Credit: Economic and Financial…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged Designated Non-Financial Businesses and Professionals, DNFBPs to strictly comply with the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022, do due diligence on their customers and ensure that they report suspicious transactions, especially of Politically Exposed Persons, PEPs to the Commission. He gave the charge at a one-day workshop for sensitization of DNFBPs, with the theme: “Awareness to Action: Mobilizing DNFBPs for Compliance”, which was held in Lagos, on Thursday, February 27, 2025. The workshop, which was organized by the South-West region of the Special Control…
The Nigeria Customs Service (NCS) has commended the Economic and Financial Crimes Commission, EFCC, on its relentless efforts in ensuring that economic and financial criminals are brought to justice and towards a more prosperous economic growth of the country. The Customs Area Controller of the Oyo/Osun Area Command, Comptroller J.O. Adelaja gave the commendation on Thursday, February 27, 2025 when he led a delegation of NCS top officers in the zone on a familiarization visit to the Acting Zonal Director, Ibadan Directorate of the EFCC, Assistant Commander of EFCC, ACE 1 Hauwa Garba Ringim. Adelaja noted that the EFCC, over the years, has “demonstrated commitment to national…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has described corruption and financial crimes as the greatest problems, hobbling economic growth and development of the country. He stated this on Friday, February 28, 2025 when the Nigerian Employers’ Consultative Association, NECA, led by its Director General and Chief Executive Officer, Mr. Adewale Oyerinde paid him an official visit at EFCC’s corporate headquarters. “You don’t need a soothsayer or a prophet to tell anyone in Nigeria that our major problems are financial crimes and corruption. One of the major obstacles to our economic development, an albatross and a cankerworm to our progress is the issue of corruption and financial crimes. And that…
The Economic and Financial Crimes Commission, EFCC, on Friday, February 28, 2025, arraigned former Abia State Governor, Theodore Ahamefule Orji, Engr. Chinedum Orji, Dr. Philip Nto, Onwumene King Obioma and Romanus K. Madu before Justice Lilian Abai of the Federal High Court sitting in Umuahia, Abia State on a sixteen-count charge bordering on conspiracy, official corruption, stealing and diversion of public funds. The offence contravenes Section 516 and 516(a) of the Criminal Code, Law of Abia State and punishable under the same Section of the same Act. One of the count charges reads: That you Chief Theodore Ahamefule Orji, ENGR.…
Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, on Thursday, February 27, 2025, convicted and sentenced an Indian, Chandra Singh to 10 years imprisonment for procurement fraud. The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC had on Thursday, November 24, 2022, arraigned him before Justice Ijelu on a 19-count charge bordering on alleged retention of stolen property and bribery to the tune of N816,361,386.75( Eight Hundred and Sixteen Million, Three Hundred and Sixty One Thousand, Three Hundred and Eighty Six, Naira, Seventeen Five Naira) One of the counts reads: “That Chandra Prankash…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has called on Nigerians to refrain from offering any kind of support to suspects and convicts of economic and financial crimes and other acts of corruption. He gave the charge in Abuja on Thursday, February 27, 2025 at the 38th Anti-Corruption Situation Room, ACSR organized by the Human and Environmental Development Agenda, HEDA. Speaking on the topic “Ethics, Integrity, Corruption Risk Assessments and Anti-Corruption at National and Sub-National Levels; Sustaining the fight against corruption in Nigeria”, the EFCC’s boss stressed that any form of support offered corrupt elements…
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, February 27, 2025 arrested 19 suspected internet fraudsters at different locations in Benin City, Edo State. Their arrest followed credible intelligence linking them to fraudulent internet activities. Items recovered from them include seven exotic cars, laptop computers and phones.They have made useful statements and will be charged to court as soon as investigations are concluded. Dele Oyewale Head, Media & Publicity February 27, 2025 Credit: Economic and Financial Crimes Commission (EFCC)