Federal High Court in Abuja on Tuesday rejected a second bail application by Jesam Michael, CEO of Afriq Arbitrage System (AAS) Limited, who faces allegations of investment fraud involving over $844,000 and N590 million. Justice Obiora Egwuatu dismissed the application, citing insufficient merit in Michael’s health-based claims and affirming...
EFCC
The trial of Bauchi State Accountant-General Sirajo Jaja and Bureau de Change (BDC) operator Aliyu Abubakar was postponed at the Federal High Court in Abuja on Monday. Scheduled to begin before Justice Obiora Egwuatu, the proceedings were halted due to the judge’s prior commitments. After delivering judgments in two...
By OLA MODUPE, Lagos – Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Monday, July 21, 2025, ordered the final forfeiture of digital assets to the tune of $222,729. 86 USDT recovered from Chinese nationals involved in cyber-terrorism and internet fraud. The assets form...
Alleged $12m fraud: Witness confirms receiving $12m in cash, facilitated by SunTrust Bank Executives
Alleged $12m fraud: Witness confirms receiving $12m in cash, facilitated by SunTrust Bank Executives
First Prosecution Witness, PW1, in the trial of Halima Buba and Innocent Mbagwu on Friday, July 18, 2025 told Justice Emeka Nwite of the Federal High Court, Abuja that he received the sum of $12 million (Twelve Million Dollars) with the involvement of defendants for transfer to Aisha Achimugu’s...
By EZEKIEL OBI, Abuja- Operatives of the Economic and Financial Crimes Commission (EFCC), Uyo Zonal Directorate, on Friday, July 18, 2025, uncovered a cybercrimes training centre known as ‘yahoo-yahoo Hustle Kingdom‘ at Umuahia in Abia State, and arrested eight suspected trainees undergoing training and fifteen others. The commission disclosed...
By JOY ADARA, Abuja- Galaxy Construction and Transportation Services Limited has accused the Economic and Financial Crimes Commission (EFCC) of abusing court processes to confiscate its properties. The company made this allegation in a statement while reacting to a Federal High Court Abuja ruling granting the EFCC’s prayer for...
A retired civil servant and traditional chief from Gwagwalada, Abuja, Chief George Kadiri, who served as surety for British national James Nolan in the $9.6 billion Process and Industrial Development (P&ID) fraud case, was arrested and presented before Justice Peter Lifu at the Federal High Court on Thursday. According...
By OLA MODUPE, Lagos- Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), has secured the conviction and sentencing of 15 Chinese, for cyber-terrorism and internet fraud before two Federal High Court Judges sitting in Ikoyi, Lagos; Justice Ayokunle Faji and Justice Dehinde Dipeolu. The suspects...
By JOY ADARA , Abuja- Economic and Financial Crimes Commission (EFCC) witness, Suleiman Ciroma, has revealed to the Federal High Court in Abuja how $12 million was illicitly swapped through SunTrust Bank in a mere 10 days. Testifying before Justice Emeka Nwite, Ciroma detailed the rapid transactions orchestrated by...
By EZEKIEL OBI, Abuja – Justice Maryanne Anineh of the Federal Capital Territory (FCT), High Court, Maitama, Abuja, on Thursday, July 17, 2025, struck out an application by the former Kogi State governor, Yahaya Bello, for the release of his passport to enable him travel to the United Kingdom...
By JOY ADARA, Abuja- Former EFCC Chairman, Farida Waziri, has paid heartfelt tribute to the late President Muhammadu Buhari, reflecting on his profound impact on her life and Nigeria. In a condolence message delivered in Abuja on Wednesday, July 16, 2025, Waziri mourned Buhari’s passing, noting it has deeply...
Federal High Court in Abuja has mandated the permanent forfeiture of assets worth N335 million, a hospital, five filling stations, and other properties to the Federal Government. Justice Emeka Nwite issued the ruling following a motion by the Economic and Financial Crimes Commission (EFCC) lawyer, Fadila Yusuf, who sought...
By EMMANUEL ANKELI, Sokoto – Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has warned that virtual assets and investment scams may soon surpass money laundering as a major financial crime challenge in Nigeria. Olukoyede expressed his concerns at the African Anti-Corruption Day Commemoration...
A former Governor of Adamawa State, retired Rear Adm. Muritala Nyako, is considering an out-of-court settlement in a N29 billion alleged fraud case brought against him by the Economic and Financial Crimes Commission (EFCC). During a court hearing on Friday, the prosecuting counsel, Mr. Rotimi Jacobs, SAN, informed the...
By OLA MODUPE, Abeokuta – Operatives of the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), have arrested 48 suspected internet fraudsters in Abeokuta, the Ogun State capital. The commission in a post via its X handle on Friday, siaid the arrest of the suspects followed...
By OLA MODUPE, Ibadan – Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has alleged that corrupt Nigerian politicians are now hiding stolen public funds in cryptocurrencies to evade investigations. Olukoyede, who was represented by the Commission’s Acting Zonal Director in its Ibadan office, Hajiya...
By JOY ADARA, Abuja- The scheduled ruling on the No-case submission filed by a former governor of Ekiti State, Ayodele Fayose, before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos was stalled on Thursday, July 10, 2025, due to the absence of the Judge. The...
By HARUNA AHMED, Kano – Kano Zonal Directorate of the Economic and Financial Crimes Commission, (EFCC), has commenced a comprehensive investigation into the case of one Ahmad Salisu, arrested by the Nigeria Customs Service (NCS), for allegedly concealing and failing to declare the sum of $420,900 (Four Hundred and...
By HARUNA AHMED, Kanoe– Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has recorded another major breakthrough in the fight against illicit financial flows with the interception of over N653 million worth of undeclared foreign currencies at the Mallam Aminu Kano International Airport (MAKIA). The seizure was announced on Tuesday,...
By OLA MODUPE , Lagos – Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, July 8, 2025, revoked the bail granted to Ayodele Toyosi, promoter of Reaprite Global Limited and Agrorite Limited, for presenting forged medical report to the court. Details later