The Economic and Financial Crimes Commission, EFCC and the Designated Non-Financial Businesses and Professions DNFBPs, have restated their resolve to strengthen and deepen the existing collaboration between them in order to support Nigeria’s bid to exit the Financial Action Task Force, FATF grey list. This agreement was reached recently when the newly appointed Director of the Special Control Unit against Money Laundering SCUML, Harry Erin, paid strategic courtesy visits to critical stakeholders, including Association of Trustees and Segilola Resources Operating Limited, among others on April 2 and 3, 2025. Credit: Economic and Financial Crimes Commission (EFCC)
Author: Kunle Edun
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has reiterated his commitment towards using the anti-corruption fight to stimulate growth in the economy. He stated this in Abuja on Thursday, April 4, 2025 while receiving the the Managing Director/Chief Executive Officer of Nigerian Export- Import, NEXIM Bank, Mallam Abba Bello who came on a courtesy visit to the corporate headquarters of the EFCC. Credit: Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission, EFCC on Wednesday, April 2, 2025 tendered additional evidence against Kore Holdings Limited before Justice J. O. Abdulmalik of the Federal High Court Abuja. The Commission is prosecuting the company alongside Muhammed Kuchazi (now deceased) in connection with the Process & Industrial Development, P&ID fraud portfolio on amended four-count charges that border on non-compliance with Federal Ministry of Industry, Trade and Investment requirements, money laundering and other illegal acts. Credit: Economic and Financial Crimes Commission (EFCC)
Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, April 2, 2025, convicted and sentenced Okunfulure Olusola Steve to three Months imprisonment for money laundering. The convict was arrested on March 28, 2025 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS, for false currency declaration to the tune of $30,0000. Credit: Economic and Financial Crimes Commission (EFCC)
Executive Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede has expressed optimism that Nigerians are capable of breaking the fang of corrupt practices by mustering stronger resolve and determination against them. He stated this in Abuja on Sunday, March 30, 2025 in his Goodwill Message to muslims commemorating Eid- el- Fitr across the country. Credit: Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission, EFCC, wishes to react to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu. We wish to state unequivocally that the investigations of Achimugu have no correlation of any kind with the two political actors. She is being investigated for alleged criminal conspiracy and money laundering and has since been declared Wanted by the Commission. Credit: Economic and Financial Crimes Commission (EFCC)
The Benin Zonal Directorate of the Economic and Financial Crimes Commission has secured the conviction and sentence of 17 internet fraudsters before Justices A.N. Erhabor and W. I. Aziegbemhin of Edo State High Courts, sitting in Benin City. The convicts are: Ekene Ezerioha, Ayeleso Ayodeji Richard, Prince Unity Igbinekaro, Marvelous Adebor, Osayande Oseh, Chukwuebuka James Edozie, Clinton Osayi Okojie, Chinedu Ugwu Kingsley, Emmanuel Ezeala, Isioma Christopher, Adebayo Ayomide, Ubaro Best, Junior Oboh, Chieye Goodluck, Lucky James Isioma, Jeremiah Okwuezuru Nwadiashi, and Destiny Grace. Credit: Economic and Financial Crimes Commission (EFCC)
The Abuja Acting Zonal Director of the Economic and Financial Crimes Commission, EFCC, Assistant Commander of the EFCC, ACE 1 Michael Wetkas has called for enhanced collaboration between the Commission and the Nigeria Correctional Service, NCS, in order to develop stronger strength in the fight against economic and financial crimes and other acts of corruption. Credit: Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission, EFCC has urged the Nigerian Bar Association, NBA and civil society organisations to strive towards enhancing their involvement in the anti-corruption fight. The call was made on Thursday, March 27, 2025 by the Acting Director, Kaduna Zonal Directorate of the EFCC, Bawa Usman Kaltungo when the leaders of Barnawa and Kaduna branches of the NBA alongside those of civil society organization, Corruption Trackers Initiative, CTI, North West Zone, paid him a courtesy visit. Credit: Economic and Financial Crimes Commission (EFCC)
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on Wednesday, March 26, 2025, re-arraigned the duo of Mamman Nasir Ali and Christian Taylor for an alleged N2.2 billion oil subsidy fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos. Credit: Economic and Financial Crimes Commission (EFCC)
Justice Sharon T. Ishaya of Federal High Court, sitting in Jos, Plateau State, on Thursday, March 27, 2025 adjourned until May 29 and 30, 2025, the re-arraignment and trial of Secretary and Chairman of Covenant Fadama Multi-purpose Cooperative Society, Jos, Okewole Dayo and Bishop Katung Jonas. The Economic and Financial Crimes Commission, EFCC is prosecuting Dayo, Jonas, and late Mamman Irmiya Jatau on a 23-count charge, bordering on conspiracy, obtaining by false pretense and money laundering to the tune of ₦178,885,000 (One Hundred and Seventy-Eight Million, Eight Hundred and Eighty-five Thousand Naira). Credit: Economic and Financial Crimes Commission (EFCC)
In a bid to enhance inter-agency cooperation in the fight against economic and financial crimes, the Area Comptroller of the Nigeria Customs Service , NCS, Kano/Jigawa Command, Comptroller Dalhatu Abubakar , on Wednesday, March 26, 2025 paid a courtesy visit to the Zonal Director of the Economic and Financial Crimes Commission, EFCC, Kano Zonal Directorate, Commander of the EFCC CE Ibrahim Shazali. Credit: Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission, EFCC, on Tuesday, March 25, 2025 re-arraigned former National Security Adviser, Colonel Sambo Dasuki (retd) before Justice Charles Agbaza of the Federal Capital Territory High Court, Abuja, for fraud. He was re-arraigned alongside a former General Manager of the Nigerian National Petroleum Corporation, NNPC, Aminu Baba Kusa, Acacia Holdings, Limited and Reliance Referral Hospital Limited. Credit: Economic and Financial Crimes Commission (EFCC)
Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, March 26, 2025, convicted and sentenced Okorie Sylvernus Sunday to six months imprisonment for money Laundering. The convict was arrested at the Murtala Muhammed International Airport, Ikeja, Lagos, by the Nigeria Customs Service, NCS, with $578,000 for false currency declaration. Credit: Economic and Financial Crimes Commission (EFCC)
In line with its mandate to ensure that the scourge of money laundering is curbed in the nation, the Special Control Unit against Money Laundering, SCUML, on Monday, March 24, 2025 pasted a notice of non-compliance with Anti Money Laundering/ Combating the Financing of Terrorism AML/CFT requirements on Huge Dream Properties Limited. Credit: Economic and Financial Crimes Commission (EFCC)
Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, March 26, 2025 arrested 15 suspected internet fraudsters in Tanke Oke-Odo area of Ilorin, the Kwara State capital. Credit: Economic and Financial Crimes Commission (EFCC)
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has admonished youths in the country to choose the path of integrity in all their endeavours. He gave the charge when students of Shehu Giwa Academy, Al Bidayatul Jameela International School and Butterfly Academy, all in Kaduna came on an educational trip to the Kaduna Zonal Directorate of the EFCC. Credit: Economic and Financial Crimes Commission (EFCC)
The Tenth Prosecution Witness, PW10, Fabian Nwaora in the trial of Ali Bello and Dauda Sulaiman on Tuesday, March 25, 2025 told the Federal High Court, Abuja, presided over by Justice J.K. Omotosho that investigations by the Economic and Financial Crimes Commission, EFCC, forced Bello to withdraw from acquiring an Abuja property, located on No.1 Ikogosi Spring Close, Maitama District and asked for a refund of N550million he paid. The EFCC is prosecuting Ali Bello and Dauda Sulaiman on a 10-count charge, bordering on money laundering to the tune of N3billion. Credit: Economic and Financial Crimes Commission (EFCC)
The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Tuesday, March 25, 2025, secured the conviction of Abubakar Suleiman for operating a Bureau De Change business without a valid licence. The Directorate also secured the conviction of one Lawal Farauq for cybercrime-related offences. Credit: Economic and Financial Crimes Commission (EFCC)
The Executive Chairman of the Economic and Financial Crimes Commission EFCC, Mr. Ola Olukoyede, has described corruption as a major threat to national development and urged students across the country to fight it with unwavering determination. He gave the charge in Abuja on Tuesday, March 25, 2025 at the launch of Integrity Club in eleven schools. Credit: Economic and Financial Crimes Commission (EFCC)