The Economic and Financial Crimes Commission (EFCC) has set a new record in its fight against corruption, securing an unprecedented 4,111 convictions in 2024. This marks the highest number of convictions in a single year since the agency was established in 2002. According to the EFCC’s 2024 statistical report, the […]
EFCC
The Economic and Financial Crimes Commission (EFCC) and celebrity barman, Pascal Okechukwu, famously known as Cubana Chief Priest, have come to an agreement to resolve the naira abuse charge outside of court. This decision came to light during the resumed proceedings on Thursday. Cubana Chief Priest, appearing before Justice […]
The Central Bank of Nigeria (CBN) has taken decisive action against several fintech companies, including Moniepoint, Opay, and Kuda Bank, by prohibiting them from opening new accounts and accepting new customers. The move comes amidst allegations of these institutions being involved in cryptocurrency funneling and manipulation of the naira’s value. […]
EFCC Warns Nigerians Against Rising Threat of ATM Swap Fraud In a recent statement released by the Economic and Financial Crimes Commission (EFCC), Nigerians have been urged to exercise caution in light of a surge in ATM swap fraud incidents. The EFCC Head of Media and Publicity, Mr Dele Oyewale, […]
EFCC Arrest 69 Suspected Fraudsters in Osun State The Economic and Financial Crimes Commission EFCC operatives have apprehended 69 individuals suspected of engaging in fraudulent internet-related activities. The operation, carried out by the Ibadan Zonal Command of the EFCC, took place on Wednesday, November 1, 2023, in the Oduduwa Estate […]
The former chairman of the Economic and Financial Crimes Commission (EFCC), Abdurasheed Bawa, has finally been released from detention, as confirmed on October 25, 2023. Bawa’s release comes after 134 days of detainment, raising numerous questions and concerns among the public. The saga began on June 14, 2023, when Bawa […]
Ten individuals have been convicted and sentenced by Justice O. A. Egwuatu of the Federal High Court, Abuja, for their involvement in internet fraud, with charges related to fraudulent online relationships and deceitful schemes to extract money from victims. The sentences, which include fines and asset forfeitures, serve as a stern warning against cybercrime and demonstrate the Nigerian judiciary’s commitment to protecting potential victims and combating online fraud.
Economic and Financial Crimes Commission Arrests 41 Suspected Internet Fraudsters in Warri, Delta State Warri, Delta State – September 9, 2023 – In a major crackdown on cybercrime, the Economic and Financial Crimes Commission (EFCC) apprehended 41 suspected internet fraudsters in Warri, Delta State, on Friday. The arrests were […]