The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has advised members of the public to apply care in choosing where to invest their money so as to avoid being ripped off in fraudulent schemes. He gave the advice in Abuja on Thursday, July 10, 2025, at a Public Lecture in commemoration of the 2025 African Union Anti-corruption Day, themed, “Understanding Virtual Asset and Investment Fraud, held at the EFCC’s Headquarters. According to Olukoyede, “Understanding virtual assets and investment fraud will not be complete without drawing serious attention to the role of investing public in breaking…
Author: Kunle Edun
The scheduled ruling on the No-case submission filed by a former governor of Ekiti State, Ayodele Fayose, before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos was stalled on Thursday, July 10, 2025, due to the absence of the Judge. The EFCC had, on Tuesday, July 2, 2019, re-arraigned Fayose and Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Million Naira). The defendants had first been arraigned on October 22, 2018 before Justice Mojisola Olatoregun. At the last adjourned on May 19,…
The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has charged members of the National Assembly to enact a law against unexplained wealth, stressing that it will boost the fight against economic and financial crimes and other acts of corruption. He made the call in Abuja on Wednesday, July 9, 2025, at the National Conference on Public Accounts and Fiscal Governance convened by the Public Accounts Committee of the Senate and House of Representatives. He decried the lack of legislation against unexplained wealth, maintaining that corruption is strengthened when people living above their means are not brought…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has reiterated the resolve of the Commission to ensure that every kobo earmarked for the students’ loan scheme through the Nigerian Education Loan Fund, NELFUND, gets to its intended beneficiaries. He gave the assurance in Abuja on Wednesday, July 9, 2025, at a strategic meeting involving the EFCC, Vice-Chancellors of Federal and State Universities and National Universities Commission, NUC. At the meeting, Olukoyede said; “It is going to be a crime against humanity if recovered loot is re-looted again. It’s a fight to finish and we…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has called for robust cyber resilience in the nation’s financial ecosystem to tackle all manner of risks and fraudulent schemes. He made the call in Abuja on Wednesday, July 9, 2025 at the National Cyber Security Conference organised by the National Information Technology Development Agency, NITDA. According to him, cyber resilience has become imperative to tackle vulnerability and exposure to diverse cybersecurity risks occasioned by the increasing expansion in the nation’s digital space. “A secure digital future for Nigeria requires robust cyber resilience. Cyber resilience is…
Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, have commenced investigation of one Rajesh Kumar arrested by the Nigeria Customs Service, NCS, for allegedly failing to declare the sum of $29,000( Twenty Nine Thousand United States Dollars). Kumar was intercepted by Customs operatives during a routine check on Wednesday, July 7, 2025 at Murtala Muhammed International Airport, Ikeja, Lagos. Upon arrest, the suspect, who was scheduled to travel to India,claimed he had only $6,000 on him. During the handing over of the suspect, the Area Comptroller in charge of the NCS at the Airport , E.…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has called for integrity examination of public officers in Ministries , Departments and Agencies, MDAs of government to curb economic and financial crimes and other acts of corruption. He made the call in Abuja on Tuesday, July 8, 2025, at the National Conference on Public Accounts and Fiscal Governance convened by the Public Accounts Committee of the Senate and House of Representatives. The EFCC’s boss, who spoke through the Director of Public Affairs, Commander of the EFCC, CE Wilson Uwujaren, submitted that only accountable and transparent…
Operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested nine suspected illegal miners in Niger State. They were arrested in Kaniyan Village, Mokwa Local Government Area of Niger State, following actionable intelligence on their illegal mining activities. The suspects comprise five Chinese and four Nigerians.The Chinese suspects are: Wu Ping, Xu XianLiang, Xu Aimin, Xeu Cihuo, Liu Changhua, while the Nigerians are, Ibrahim Abdullahi, Sunday Oladele, Destiny John, and Bulus Samuel. Items found in their possession upon their arrest include, one Stamford power generating set, one super quality power generating set, Inlong power…
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, July 8, 2025, arraigned one Adepoju Emmanuel Abiodun, promoter of Bigibet, before Justice O.A.Okunuga of the State High Court sitting in Ikeja, Lagos. Abiodun and his company , Nobelsteed Nigerian Limited, are being prosecuted on a 10-count charge bordering on stealing and obtaining under false pretence to the tune of N855m. In 2021, he allegedly approached the petitioner to introduce Noblesteed, which he claimed was primarily into gaming business(lottery business). He told the petitioner that he was raising capital for the proposed lottery business and also urged…
The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has commenced a comprehensive investigation into the case of one Ahmad Salisu, arrested by the Nigeria Customs Service, NCS, for allegedly concealing and failing to declare the sum of $420,900 (Four Hundred and Twenty Thousand, Nine Hundred US Dollars), £5,825, (Five Thousand, Eight Hundred and Twenty Five Pounds Sterling), CFA3,946,500 (Three Million, Nine Hundred and Forty Six Thousand, Five CFA) and Cameroonian CFA 224,000( Two Hundred and Twenty Four Thousand Cameroonian CFA). Salisu was intercepted by Customs operatives during a routine check on Monday, July 7, 2025 at Mallam…
Justice Marianne Anineh of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, on Tuesday, July 8, 2025, reserved ruling till July 17, 2025, on an application filed by former Kogi State governor, Yahaya Adoza Bello, seeking permission to travel to the United Kingdom for medical treatment. Bello is standing trial alongside Umar Shuaibu Oricha and Abdulsalami Hudu on a 16-count charge bordering on criminal breach of trust and money laundering to the tune of N110.4 billion. The Economic and Financial Crimes Commission, EFCC, is prosecuting the trio. At Tuesday’s proceedings, counsel to the first defendant, J.B. Daudu, SAN, moved…
The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of the trio of Justine Richard, Sadiq Ibrahim and Anthony Musa before Justices M.J. Zailani and A. Isyaka of the Kaduna State High Court and R.M.Aikawa of the Federal High Court, all sitting in Kaduna, the state capital. Richard was prosecuted on a one-count charge, bordering on criminal impersonation before Justice Zailani. The charge reads: “That you Justine Richard (Luke Grimes), between January and June 2025, in Kaduna within the jurisdiction of this Honourable Court, committed an offence, to wit: falsely presented yourself as Luke Grimes to several unsuspecting victims via ‘Facebook’ (an online social media application), which pretence you knew to be…
Justice James Omotosho of the Federal High Court sitting in Abuja on Thursday, June 3, 2025 convicted and sentenced one Philimon Ibrahim Gora to five years imprisonment for currency counterfeiting without option of fine. He was initially arraigned on a seven- count charge but subsequently amended to one-count charge bordering on unlawful possession of counterfeit currency. The count reads; “That you Philemon Ibrahim Gora on or about the 7th July 2021 within the jurisdiction of this Honorable Court had in your possession without lawful authority 21 pieces of counterfeit One Hundred US Dollar bills series 2009A with serial numbers LB4550078L ($100)…
The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC has secured the conviction and sentence of one Abdullahi Haladu, before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna Metropolis for land fraud. He was prosecuted on an amended three-count charge, bordering on conspiracy and cheating to the tune of N1,550,000.00 (One Million, Five Hundred and Fifty Thousand Naira, only). Count one of the charge reads: “That you Abdullahi Haladu (m) and Kabiru Liman (m) (now convict), on or about April, 2021 in Kaduna within the jurisdiction of this Honourable Court, with intent to defraud, conspired among yourselves to do…
The First Defence Witness in the trial within trial of former Minister of Power, Saleh Mamman on Wednesday, January 22, 2025 told a Federal High Court in Abuja presided over by Justice James Omotosho that his lawyer misrepresented him while taking his statements at the EFCC`s office. Mamman is being prosecuted by the EFCC on a 12-count charge bordering on conspiracy to commit money laundering to the tune of N33,804,830,503.73 (Thirty-three Billion, Eight Hundred and Four Million, Eight Hundred and Thirty Thousand, Five Hundred and Three Naira, Seventy-three Kobo). At Wednesday’ proceedings, the defendant, who doubled as first defence witness while being led in evidence by his counsel…
Justice Abimbola Awogboro of the Federal High Court, Ilorin has convicted and sentenced a truck driver, Olamilekan Basit to one year imprisonment for being in possession of solid minerals without lawful authorisation. Olamilekan was arrested in Balla, Asa Local Government Area of Kwara State for unlawfully transporting 30 tons of assorted solid minerals without proper authorization. Also convicted and sentenced by the judge is a 25-year-old professional photographer, Oyerinde Gbolahan Sodiq, who bagged three hundred hours community service at five hours per day for offences that border on internet fraud. Also convicted by the same judge are Ibrahim Ismail Aranfajo, a phone seller. Maruf Ridwan Babawale was convicted and sentenced by Justice Haleema Saleeman of the…
Operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested 33 suspected internet fraudsters. Twenty-nine of the suspects were arrested on Tuesday, July 1, 2025 in Minna, Niger State, while the remaining four were arrested Wednesday, July 2, 2025 in Unguwan Mai Gero area of Kaduna State. Their arrest followed credible intelligence that linked them to fraudulent internet activities. Items recovered from them include 46 smartphones, two iPads, 11 laptops and one PlayStation. They will be charged to court as soon as investigations are concluded. Media & Publicity July 3, 2025 Credit: EFCC Nigeria
The Economic and Financial Crimes Commission, EFCC, has recorded a major milestone in the development of its New Academy at Giri, Abuja, with the completion and commissioning of an access road to the permanent site. Executive Chairman of the Commission, Mr. Ola Olukoyede, on Monday, June 30, 2025, commended President Bola Ahmed Tinubu and the Minister of the Federal Capital Territory, Nyesom Ezenwo Wike, for their strategic roles in making the road project a reality. Speaking through the Secretary to the Commission, Mohammed Hammajoda, at the commissioning ceremony, Olukoyede described the access road as a critical infrastructure that will accelerate…
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested 74 suspected internet fraudsters. They were arrested on Monday, June 30, 2025 at Joyous Hotel, Nyanya in the Federal Capital Territory, FCT following actionable intelligence on their suspected involvement in internet-related offences. Items recovered from them include 86 phones, one rifle pistol and three motorcycles. They will be charged to court soon. Media & Publicity June 30, 2025 Credit: EFCC Nigeria
The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to some media reports insinuating that it disobeyed an order of Justice Musa Liman of the Federal High Court, Abuja directing its operatives to vacate a property situated at House 6, Aso Drive, Asokoro, Abuja. While it is not in the character of the EFCC to respond to insinuations against it regarding judicial procedures and processes, it is imperative that the miscarriage of facts contained in the media reports are corrected to avail the public ungarnished truths about the matter. The EFCC is renowned for its avowed…