The Economic and Financial Crimes Commission, EFCC, has issued a public warning regarding the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities and defrauding innocent Nigerians of their hard-earned money. The warning is contained in a statement issued by the EFCC Spokesperson, Dele Oyewale, in Abuja. The commission stated that the companies are neither registered…
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate have arrested 28 suspected ponzi scheme operators in Minna, Niger State. In a statement released on Tuesday, EFCC disclosed that the suspects were apprehended after credible intelligence linked them to fraudulent investment activities with a company, Q-Net Ltd, which operates from a three…
Justice R.A. Oshodi of a Special Offences Court sitting in Ikeja, Lagos, on February 26, 2025 refused an application of a former governor of the Central Bank of Nigeria, Godwin Emefiele, asking the trial judge to recuse himself from the case on the allegation of bias. Emefiele is standing trial on a 19-count charge bordering…
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, February 26, 2025, arraigned Jude Okoye Chigozie, older brother and ex-manager of Paul and Peter Okoye of the defunct P-Square music group, before Justice A.O. Owoeye of the Federal High Court, sitting in Ikoyi, Lagos. He was arraigned alongside his company,…
The Economic and Financial Crimes Commission, EFCC, has alerted citizens on the plan by a shadowy group to instigate a “protest” against the Commission. The commission in a statement released yesterday by its Head, Media & Publicity, Dele Oyewale stated that in the last couple of days, the group has been actively campaigning in the…
The Economic and Financial Crimes Commission (EFCC) has arraigned Macmillan Nigeria Publishers Limited before the Lagos State Special Offences Court in Ikeja over an alleged $156,711.87 fraud. EFCC arraigned Mr Fasasi on Monday in Lagos and said Mr Adelekan was at large. The Macmillan Publishers face an amended six-count charge bordering on obtaining money under…
An 88-year-old prosecution witness, Tawakalitu Afolake Ilumoka, on Thursday, June 16, 2022, told Justice Mojisola Dada of the Special Offences Court sitting in Ikeja how one Olorunfemi Ayodeji duped her N36m. Ayodeji, also known as Otunba, is facing a three-count charge bordering on obtaining money by false pretence, contrary to Sections 1 (1)(a) and 1…
The Lagos Command of the EFCC has secured the conviction and sentencing of one Adekunle Abiodun Aderibigbe, who was on the watch list of the Federal Bureau of Investigation, FBI, before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos. A statement by Head Media & Publicity, Wilson Uwujaren on Tuesday said…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Wednesday, June 1, 2022, in Lyon, France, signed a Memorandum of Understanding with the Interpol National Central Bureau for Nigeria. According to a statement released by the commission, the agreement on Direct Access to and Use of Interpol Information Systems, grants the…
The Operatives of the Economic and Financial Crimes Commission, EFCC has explained the reason for invading the residence of former governor of Imo state, Senator Rochas Okorocha on Tuesday May 24, 2022. According a statement by the anti-graft agency, the move followed the refusal of the former governor to honour invitations after jumping the administrative…