Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested one Olawole Sunday, a suspected fraudster who specialised in buying bank accounts’ details from individuals with which he defrauds unsuspecting members of the public. Credit: Economic and Financial Crimes Commission (EFCC)
Author: Kunle Edun
Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has challenged Commonwealth Nations to learn from Nigeria’s proactive reforms and collaborative approaches in its fight against corruption to strengthen their defences against financial crimes. He threw this challenge on Monday, April 7, 2025 at the opening of a five-day Commonwealth Law Conference organised by the Commonwealth Lawyers Association , CLA, in Malta, with the theme: Combating Transnational organised Crime in the Commonwealth: Opportunities and Challenges. Credit: Economic and Financial Crimes Commission (EFCC)
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Okotie-Eboh, Ikoyi, Lagos, has arraigned a Sierra Leonean, Alhaji Ahmed Shaw, for non-declaration of the sum of $90,000 (Ninety Thousand United States Dollars) before Justice D.I.Dipeolu of the Federal High Court sitting in Ikoyi, Lagos. 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 Friday, April 4, 2025, arraigned one Folake Adeoti before Justice Yellim Bogoro of the Federal High Court sitting in Ikoyi, Lagos. She is facing trial on a one-count charge of Naira mutilation. Adeoti was arrested on March 21, 2025 around Jobi Fele Way, Ikeja, Lagos, while hawking Naira notes to the tune of N3,850,000.00. Credit: Economic and Financial Crimes Commission (EFCC)
Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT, High Court, Apo, Abuja on Thursday, April 3, 2025 fixed May 15, 2025 for the trial of former Deputy Director, Highways, Federal Ministry of Works and Housing, Augustine Ojo Olowoniyan, alongside a surveyor, Sulaiman Abdulkadir Muhammed of the Department of Highways and Planning. The duo is being prosecuted by the Economic and Financial Crimes Commission, EFCC on a three-count charge, bordering on diversion and misappropriation of public funds to the tune of N1,936,961,649.00 (One billion, Nine Hundred and Thirty-six Million, Nine Hundred and Sixty-one Thousand, Six Hundred and Forty-nine Naira ). Credit: Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission, EFCC on Thursday, April 3, 2025 secured a final forfeiture of two properties to the federal government before Justice Obiora Egwuatu of the Federal High Court, Abuja. The properties are located in FCT, Abuja and Kano state. Both properties which are linked to Aminu Sidi Garunbabba, a senior staff of the Federal Inland Revenue Services, FIRS are a four bedroom terrace masonite with boys quarter, situated in Barumark Groove Estate, Plot 667 Cadastral Zone BO3, Wuye District, Abuja and the other at N0 5 Lodge Road, Kano State. Credit: Economic and Financial Crimes Commission (EFCC)
Justice A.O.Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Friday, April 4, 2025, convicted and sentenced one Igboezue Emeka to one month imprisonment for money laundering. The convict was arrested on February 12, 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 $40,000( Forty Thousand United States of America Dollars). Credit: Economic and Financial Crimes Commission (EFCC)
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)
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)