A Federal High Court sitting in Lagos on Friday sentenced one Igboezue Emeka for money laundering. Justice Alexander Owoeye sentenced Igboezue to one month imprisonment and ordered the forfeiture of the sum of $40,000 USD to the Federal Government of Nigeria. The convict was arrested on February 12, 2025 at the Murtala Mohammed International Airport,…
The Economic and Financial Crimes Commission, EFCC, has clarified that the investigations of Ms. Aisha Achimugu have no political undercurrents involving former Vice President Atiku Abubakar or the Lagos State Governor, Babajide Sanwo-Olu. In a statement on Friday, by the EFCC spokesperson, Dele Oyewale, the commission said the investigations were independent of the two political…
The Economic and Financial Crimes Commission (EFCC) has filed a preliminary objection to challenge the competence of a lawsuit instituted by former Minister of Petroleum Resources, Diezani Alison-Madueke, seeking to recover a number of assets previously forfeited to the federal government. The objection, which was submitted before Justice Inyang Ekwo of the Federal High Court…
The Economic and Financial Crimes Commission, EFCC, on Tuesday re-arraigned former National Security Advisor, NSA, under President Goodluck Jonathan, Col. Sambo Dasuki (retd) and three others at the FCT High Court Abuja, for an alleged N33.2 billion fraud. EFCC charged Dasuki, a former General Manager of the Nigerian National Petroleum Corporation, Aminu Baba-Kusa, as well…
The Coalition of South East Youth Leaders (COSEYL), the apex sociopolitical youth group in the South East geopolitical zone, has expressed deep concerns regarding the leave granted by the Federal Court of Appeal, Abuja, which allows the Economic and Financial Crimes Commission (EFCC) to challenge a Federal High Court ruling barring it from retrying former…
Alexander Ozougwu, an Uyo-based lawyer has been arraigned by the Economic and Financial Crimes Commission (EFCC) before the Federal High Court in Uyo, Akwa Ibom State, for allegedly defrauding his victims of N1.323 billion. According to the EFCC’s Head of Media & Publicity, Mr. Dele Oyewale, Ozougwu faces charges under Section 18(3) of the Money…
Ahmed Kuru The Economic and Financial Crimes Commission, EFCC, on Wednesday, presented its second prosecution witness, Austine Obegwe, a retired group executive director in charge of cooperate and international banking, division of Union Bank, in the trial of a former Managing Director of Assets Management Corporation of Nigeria AMCON, Ahmed Kuru and four others for…
Dele Oyewale, head, Media and Publicity of the Economic and Financial Crimes Commission, EFCC, said Monday that operatives of the Benin Zonal Directorate of the Commission, arrested Kelly Okungbowa (a.k.a Ebo Stone) for alleged naira abuse. Okungbowa, who until recently was the coordinator of the Edo State Public Safety Response Team , PSRT, now suspended…
The Economic and Financial Crimes Commission has arrested 21 suspected internet fraudsters in Bauchi State. The commission’s Gombe Zonal Directorate carried out the operation on Saturday, March 15, 2025, following credible intelligence on the suspects’ alleged involvement in cybercrime. According to a statement by the EFCC on Monday via X, the suspects were apprehended at…
A resident of Kano, Bulama Abdulrahman, has been sentenced to seven years in prison without the possibility of a fine for impersonating an auctioneer authorized by the Economic and Financial Crimes Commission (EFCC) to sell properties that had been forfeited to the federal government on behalf of the commission. His conviction followed a trial on…
