financial crime

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
3 days ago3 days 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
4 days ago4 days 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
4 days ago4 days 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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Dino Melaye Faces Serious Trouble Over Alleged N509.6m Tax Evasion Scandal
Senator Dino Melaye Faces Allegations of Tax Evasion Amounting to N509.6 Million Senator Dino Melaye is currently under scrutiny for allegedly evading taxes totaling N509.6...

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Politics Today
2 weeks ago2 weeks ago

Senator Dino Melaye Faces Allegations of Tax Evasion Amounting to N509.6 Million Senator Dino Melaye is currently under scrutiny for allegedly evading taxes totaling N509.6 million for the fiscal years 2023 and 2024. Authorities have indicated that, beyond the principal amount, he may be liable for substantial fines and accrued interest, significantly increasing his financial...

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LG Boss Calls for Stronger EFCC Partnership to Combat Internet Fraud and Corruption
Local Government Leader Appeals for EFCC Partnership to Tackle Internet Fraud and Corruption In a recent call to action, the chairman of a local government...

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Politics Today
2 weeks ago2 weeks ago

Local Government Leader Appeals for EFCC Partnership to Tackle Internet Fraud and Corruption In a recent call to action, the chairman of a local government area emphasized the urgent need for collaboration with the Economic and Financial Crimes Commission (EFCC) to address the rising menace of internet fraud and corruption within his jurisdiction. Highlighting the...

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Osun Monarch Sentenced to 4 Years in US Prison for COVID Loan Fraud Scandal
Osun Monarch Sentenced to Over Four Years in U.S. for COVID-19 Loan Fraud Oba Joseph Oloyede, the Apetu of Ipetumodu, Osun State Oba Joseph Oloyede,...

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Business Updates
2 weeks ago2 weeks ago

Osun Monarch Sentenced to Over Four Years in U.S. for COVID-19 Loan Fraud Oba Joseph Oloyede, the Apetu of Ipetumodu, Osun State Oba Joseph Oloyede, the traditional ruler known as the Apetu of Ipetumodu in Osun State, Nigeria, has been handed a prison term exceeding four years in the United States. This sentencing follows his...

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Breaking: Court Finalizes Forfeiture of N246m Shares Connected to Army General
Federal High Court Orders Forfeiture of Shares Valued Over N246 Million Linked to Ex-NAPL MD On Tuesday, August 26, 2025, Justice Dehinde Dipeolu of the...

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Politics Today
2 weeks ago2 weeks ago

Federal High Court Orders Forfeiture of Shares Valued Over N246 Million Linked to Ex-NAPL MD On Tuesday, August 26, 2025, Justice Dehinde Dipeolu of the Federal High Court in Ikoyi, Lagos, mandated the permanent forfeiture of shares worth more than N246 million. These shares were connected to Major-General U.M. Mohammed (retired), the former Managing Director...

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Mortgage Banker Sentenced for N31 Million Property Fraud in Landmark Court Ruling
Mortgage Banker Found Guilty of N31 Million Real Estate Scam Following a thorough investigation by the Economic and Financial Crimes Commission (EFCC), Suleiman Gbajabiamila was...

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Politics Today
2 weeks ago2 weeks ago

Mortgage Banker Found Guilty of N31 Million Real Estate Scam Following a thorough investigation by the Economic and Financial Crimes Commission (EFCC), Suleiman Gbajabiamila was convicted for defrauding clients by accepting payments for a two-bedroom apartment that was never constructed or handed over. Details of the Fraud Case The EFCC uncovered that Gbajabiamila collected a...

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Lagos Court Finds Sulaiman Gbajabiamila Guilty of N31 Million Property Fraud and Bank Cheque Forgery
On Monday, August 25, 2025, the Lagos State High Court in Ikeja delivered a verdict convicting Sulaiman Olayiwola Gbajabiamila for engaging in property fraud exceeding...

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Business Updates
2 weeks ago2 weeks ago

On Monday, August 25, 2025, the Lagos State High Court in Ikeja delivered a verdict convicting Sulaiman Olayiwola Gbajabiamila for engaging in property fraud exceeding N31 million, alongside the forgery of a Sterling Bank Manager’s cheque. This judgment highlights the judiciary’s ongoing efforts to combat financial crimes in Nigeria, reinforcing the legal consequences of fraudulent...

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Man arrested with fake $1,000 in Gombe
In Gombe, a man was apprehended for attempting to circulate counterfeit $1,000 bills. Authorities quickly intervened, highlighting ongoing efforts to curb the spread of fake...

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Politics Today
2 months ago2 months ago

In the bustling streets of Gombe, a startling discovery has recently disrupted the usual rhythm of everyday commerce. Authorities apprehended a man in possession of counterfeit currency-specifically, fake $1,000 bills-that threatened to undermine the local economy’s trust and stability. This incident not only raises concerns about the circulation of forged money but also highlights the...

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