Justice Yellim Bogoro of the Federal High Court, sitting in Ikoyi, Lagos, on Friday, February 21, 2025, ordered the final forfeiture of $4,719,054, (Four Million, Seven Hundred and Ninety-one Thousand Dollars, Fifty-four Cents) and N830,875,611 (Eight Hundred and Thirty Million, Eight Hundred and Seventy-five Thousand, Six Hundred and Eleven Naira) as well as a number of properties linked to the former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele. The judge gave the order, following a motion on notice filed by the Economic and Financial Crimes Commission, EFCC.The Commission had through the motion, filed by its counsel, Bilikisu Buhari, sought a…
Author: Kunle Edun
As a gesture of its commitment to tackling economic and financial crimes and offering restitution to victims of fraudulent practices, the Economic and Financial Crimes Commission, EFCC, has handed over a total sum $132,362.43( One Hundred and Thirty Two, Three Hundred and Sixty Two United States Dollars, Forty Three Cents), N78,566, 324. 81( Seventy Eight Million, Five Hundred and Sixty Six Thousand, Three Hundred and Twenty Four Naira, Eighty one kobo) to American, Spanish and Swiss victims of local fraudsters. The handover, which was performed by the Executive Chairman of the Commission, Mr. Ola Olukoyede took place on Friday, February…
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, February 20, 2025 arraigned additional 18 Chinese before Justice Daniel Osiagor of the Federal High Court, sitting in Ikoyi, Lagos. They are: Huang Bo, Xiong Zhen, Lai Rui Feng, Deng Wei Qiang, Fu Min, Qin Xiao Yong, Li Dong, Li De Wen, Luo Mao Yang, Zhao Xiao Hui, Du Ji Feng, Liu Hai Rong, Liu Ni Ni, Liu Gang, Sun Qi, Zhang Jian, Peng Fa li and Huo Wen Jie. They are among the 792-member cryptocurrency investment and romance fraud suspects arrested on December 10, 2024, in Lagos, in a sting operation…
The Economic and Financial Crimes Commission, EFCC, Football Club will on Saturday, February 22, 2025 battle Family Worship Center, FWC Football Club of Abuja in the final encounter of FCT President’s Cup. The four times champions and the current cup holders, EFCC FC earned a semi-final victory over Galadima FC when Striker Obinna Uchechukwu scored in the 64th minute to seal victory at 1-0 on Monday, February 17, 2024. Speaking on his expectations for the Saturday’s game, EFCC FC Coach, Kabiru Adeyemi stated that his target was to retain the trophy as his eyes were fixed on qualifying for the CAF Confederation Cup through the national finals. “This isn’t my first time of playing in this tournament and…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has urged Nigerian youths to steer clear of fraudulent activities, particularly internet fraud and channel their creativity into productive and legitimate ventures. Olukoyede made this call on Wednesday, February 19, 2025 at the inauguration ceremony of Zero Tolerance Club at Citi Polytechnic, Dawaki, Abuja. Represented by the Head of Creative Communication Unit of the Commission, Assistant Commander of the EFCC, ACEI Christian Oluka, the Chairman emphasized the importance of integrity and hard work in nation-building. Specifically, he encouraged students to harness their digital skills for productive…
The Managing Director/ Chief Executive Officer, CEO, Nigerian Agricultural Insurance Corporation, NAIC, Mrs. Folashade Joseph has attributed the improved rating of Nigeria in Transparency International’s Corruption Perception Index, CPI in the period covering 2019 to 2024 to the heightened anti-corruption fight of the Economic and Financial Crimes Commission, EFCC under the leadership Mr. Ola Olukoyede. She expressed this in Abuja on Thursday, February 20, 2025 when she led a delegation of NAIC management team on a courtesy visit to the EFCC Chairman at the Commission’s corporate headquarters. “Let me use this opportunity to express my sincere gratitude to the Commission and especially to you, Mr.Chairman for your…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has called on students across the country to embrace integrity and shun corruption in order to contribute positively to the nation’s development. Olukoyede gave this charge in Abuja on Thursday, February 20, 2025, when students of Gabs Glorious Kids Academy visited the corporate headquarters of the Commission on a study tour. Represented by the Head of Media and Publicity, Deputy Commander of the EFCC, DCE Dele Oyewale, Olukoyede decried the devastating impact of corruption on Nigeria’s development and called on the younger generation to be agents…
Justice W.I. Aziegbemhin of Edo State High Court, sitting in Benin City has convicted and sentenced 11 (eleven) internet fraudsters to jail.The convicts are: Izomor Samuel Efe, Nosakhare Bright, Emovon Destiny, Vincent Arogbo, Osarentin Morgan Aduwa, Osagiede Destiny Oghosa, Nosakhare Ernest Theophilus, Junior Emmanuel Efe, Osimen Princewill, Obamedo Clinton and David Iyobor. They were prosecuted by the Benin Zonal Directorate of Economic and Financial Crimes Commission, EFCC on separate one-count charges bordering on obtaining by false pretence, advance fee fraud, retention of proceeds of crime and possession of fraudulent documents.The charge against Efe reads: “That you Justice Samuel Efe (m) on or about the 8th of February, 2025 within the…
The Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, on Wednesday, February 12, 2025, arraigned a legal practitioner Barrister Alexander Uchenna Ozougwu before Justice Sergius Onah of the Federal High Court sitting in Uyo, Akwa Ibom State, for allegedly defrauding his victims to the tune of N1, 323, 850. 000. 00 (One Billion, Three Hundred and Twenty Three Million, Eight Hundred and Fifty Thousand Naira) through a bogus foreign exchange investment scheme. He was arraigned on six –count charges bordering on obtaining money by false pretence in contravention of provisions of Section 18(2)(d) of the Money laundering (Prevention and Prohibition)…
The Tenth Prosecution Witness , PW10, Mifbahu Idris in the trial of former Minister of Power, Saleh Mamman on Wednesday, February 19, 2025 told a Federal High Court, Abuja, presided over by Justice James Omotosho how he received the sum of N777,538 (Seven Hundred and Seventy-seven Million, Five Hundred and Thirty-eight Thousand Naira) in cash and transfers from bureau de change operators between 2019 and 2021 on the instructions of the defendant who also directed how they were spent. Idris, nephew and special assistant to Mamman, while been cross- examined by defence counsel, Femi Atteh, SAN, disclosed while reading his extra-judicial statement to the EFCC on April 17, 2023 that the sum were wired from different accounts owned and operated by Maina Goje and Abdulahi Suleiman who are bureau…