financial crime

EFCC Takes Down Businessman and Company in Shocking N511m Fraud Case
On Monday, the Economic and Financial Crimes Commission (EFCC) brought businessman Oguibe Nwachukwu and his firm, Wifamapp Royalty Global Limited, before the Lagos State Special...

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Politics Today
5 months ago5 months ago

On Monday, the Economic and Financial Crimes Commission (EFCC) brought businessman Oguibe Nwachukwu and his firm, Wifamapp Royalty Global Limited, before the Lagos State Special Offences Court in Ikeja, facing allegations involving the misappropriation of N511,378,221. Justice Rahman Oshodi presided over the case, where the EFCC charged Nwachukwu and his company with 13 counts, including...

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EFCC Charges Woman in Shocking N240.5m Forex Fraud Case in Abuja
On Thursday, October 2, 2025, the Economic and Financial Crimes Commission (EFCC) formally charged Ene Queen Bamaiyi before Justice A.A. Halilu at the Federal Capital...

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Politics Today
5 months ago5 months ago

On Thursday, October 2, 2025, the Economic and Financial Crimes Commission (EFCC) formally charged Ene Queen Bamaiyi before Justice A.A. Halilu at the Federal Capital Territory (FCT) High Court in Apo, Abuja. She faces a single count of criminal breach of trust involving the sum of N240,500,000. As detailed in an official EFCC statement shared...

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DevOps Heroes: How Samuel Arogbonlo is Revolutionizing Blockchain’s Battle Against Financial Crime with Cutting-Edge Observability
Since the dawn of this decade, blockchain technology has been revolutionizing the landscape of global finance. Its hallmark feature-transparency-has emerged as both its most valuable...

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Tech
5 months ago5 months ago

Since the dawn of this decade, blockchain technology has been revolutionizing the landscape of global finance. Its hallmark feature-transparency-has emerged as both its most valuable asset and its most vulnerable flaw. Once celebrated as an unbreakable public ledger, blockchain has simultaneously become a playground for fraudsters who exploit the openness of decentralized networks to execute...

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Moldovan Oligarch Extradited to Stand Trial in Massive $1 Billion Fraud Scandal | Corruption News
The trial of ex-political influencer Vladimir Plahotniuc unfolds amid heightened tensions, with elections imminent and officials alerting the public to potential Russian interference. Published On...

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International News
5 months ago5 months ago

The trial of ex-political influencer Vladimir Plahotniuc unfolds amid heightened tensions, with elections imminent and officials alerting the public to potential Russian interference. Published On 25 Sep 202525 Sep 2025 Click here to share on social media share2 Share Vladimir Plahotniuc, Moldova’s most infamous fugitive businessman, has been extradited from Greece to face charges linked...

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EFCC Re-arraigns Agunloye in Shocking $6 Billion Fraud Case
On Thursday, the Economic and Financial Crimes Commission (EFCC) reintroduced charges against Dr. Olu Agunloye, the former Minister of Power and Steel, accusing him of...

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Politics Today
5 months ago5 months ago

On Thursday, the Economic and Financial Crimes Commission (EFCC) reintroduced charges against Dr. Olu Agunloye, the former Minister of Power and Steel, accusing him of involvement in a $6 billion fraud linked to the contract award for the Mambila Hydroelectric Power Station. The case was brought before the Federal Capital Territory (FCT) High Court in...

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Court Rejects Bail for Banker Accused of Stealing N8.5 Billion
Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja has declined the bail request of Samuel Asiegbu, a staff member at Wema...

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Politics Today
5 months ago5 months ago

Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja has declined the bail request of Samuel Asiegbu, a staff member at Wema Bank Plc, who stands accused of embezzling N8,568,090,500 from the bank. The judge rejected the bail plea, citing the compelling evidence against Asiegbu and concerns that he may evade trial....

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Court Seizes $7 Million in Providus Bank Vault: Final Forfeiture Ordered by Court
The Federal High Court in Abuja has mandated the permanent forfeiture of $7 million stored in a Providus Bank vault to the Federal Government, following...

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Politics Today
5 months ago5 months ago

The Federal High Court in Abuja has mandated the permanent forfeiture of $7 million stored in a Providus Bank vault to the Federal Government, following a successful petition by the Economic and Financial Crimes Commission (EFCC). Justice Emeka Nwite issued the verdict on Monday after EFCC’s lead counsel, Rotimi Oyedepo, SAN, presented the motion for...

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Cryptocurrency Ecosystem Needs Proper Regulation — EFCC Chair
The executive chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has observed that cryptocurrency as an innovation and transactional technology in...

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Politics Today
6 months ago6 months ago

The executive chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has observed that cryptocurrency as an innovation and transactional technology in the global economy required governing rules to regulate its ecosystem in the country in order to prevent fraudulent abuse. He made the observation in Abuja on Wednesday, September 3, 2025...

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Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000
The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Dennis Tamarakuro, also known as Keisha Reynolds, for defrauding a U.S.-based non-governmental organisation,...

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Business Updates
6 months ago6 months ago

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Dennis Tamarakuro, also known as Keisha Reynolds, for defrauding a U.S.-based non-governmental organisation, Pregnancy Support Network of $71,795.41. The post Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000 appeared first on Nairametrics.

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EFCC Cracks Down: Gavice Logistics CEO Nabbed in Shocking N2 Billion Ponzi Scheme Fraud!
The Economic and Financial Crimes Commission (EFCC) has taken into custody Mr. Ahamba Tochukwu, the Chief Executive Officer of Gavice Logistics Limited, on charges of...

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Business Updates
6 months ago6 months ago

The Economic and Financial Crimes Commission (EFCC) has taken into custody Mr. Ahamba Tochukwu, the Chief Executive Officer of Gavice Logistics Limited, on charges of orchestrating a Ponzi scheme that defrauded numerous investors of approximately N2 billion. The EFCC revealed that Tochukwu marketed Gavice Logistics as a multifaceted enterprise involved in haulage, courier, and e-commerce...

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