Federal High Court in Abuja has ordered the remand of Mr. Jesam Michael, CEO of Afriq Arbitrage System (AAS) Limited, in Kuje Correctional Centre over alleged investment fraud. Justice Obiora Egwuatu refused Michael’s bail plea, citing the gravity of the offence and weight of evidence against him. The Economic...
fraud
By CALLISTUS OFFOR, Abuja- Nigerian National Petroleum Company (NNPC) Limited has issued a public notice warning individuals and businesses to be cautious of impostors claiming to represent the company. These scammers allegedly solicit fees for meetings with NNPC board members, executives, and management staff. Chief Corporate Communications Officer, NNPC...
The Economic and Financial Crimes Commission (EFCC) has sued a former Central Bank Governor, Godwin Emefiele, for allegedly stealing and unlawfully acquiring 753 housing units located at Plot 109, Cadastral Zone C09, Lokongoma District, Abuja. In the eight new counts filed at the High Court of the Federal Capital...
Some retired cooperative members of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Lagos State Branch, have decried alleged misappropriation of their funds by the management committee of the multipurpose society. Speaking at a media briefing in Abuja on Friday, the members said that they were yet to access...
Federal High Court in Abuja has fixed June 4 for the arraignment of Halima Buba, Managing Director/Chief Executive Officer (CEO) of SunTrust Bank Ltd, over alleged money laundering to the tune of 12 million U.S dollars. Buba will be arraigned by the Economic and Financial Crimes Commission (EFCC), alongside...
An Ikeja Special Offences Court has ordered the Economic and Financial Crimes Commission (EFCC) to provide an investigative report and e-statement of Keystone Bank with the Central Bank of Nigeria (CBN). Justice Rahman Oshodi made the order on Tuesday in the ongoing N20 billion fraud trial involving the former...
By EZEKIEL OBI, Abuja- Officers of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested 49 suspected internet fraudsters in Lokoja, the Kogi State capital. The commission in a post via its X handle on Monday, said the suspects were arrested between Saturday, May 24, 2025 and...
By EZEKIEL OBI, Abuja – The Nigeria Police Force (NPF), through the INTERPOL NCB Abuja, has successfully extradited a Nigerian fugitive, Abubakar Aboki Muhammed, from the United Arab Emirates (UAE) on Friday, 23rd May 2025. The Force spokesman, ACP Muyiwa Adejobi, confirmed the arrest in a statement issued on...
The trial of the ex-Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, charged with defrauding Arik Air was stalled due to his counsel, Mr Olasupo Shasore’s absence. Kuru and four others are facing charges of N76 billion and $31.5 million fraud, respectively. The other defendants...
By OLA MODUPE , Lagos – The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Friday, May 16, 2025, presented its first prosecution witness, PW1, Peter Obumuneme Okoye,( a.k.a Mr P) against Jude Chigozie Okoye, elder brother and former Manager of Paul and Peter...
By JOY ADARA, Abuja- The 9th Prosecution Witness, PW9, Gudi Daniel Johnson in the trial of a former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku has narrated before Justice James Omotosho of the Federal High Court, Maitama, Abuja how the defendant as former Director, Finance and Account...
The re-arraignment of Olugbenga Obadina, Chairman and Chief Executive Officer (CEO), Almond Projects Limited, on Monday, by the Economic and Financial Crimes Commission (EFCC) suffered a setback. Obadina is being prosecuted over his alleged involvement in the misappropriation of N33.2billion meant for the purchase of arms by retired Col....
A former Accountant-General of the Federation (AGF), Ahmed Idris, on Wednesday told an Abuja High Court that the Economic and Financial Crimes Commission (EFCC) failed to tender all the statements he made in their office. Idris in his evidence in the trial-within-trial ordered by the court following the objection...
An FCT High Court on Monday ordered the Financial Crimes Commission (EFCC) to pay the required fees for certification of some documents it tendered as exhibit in trial of former Aviation Minister, Hadi Sirika, and three others. Sirika is charged alongside, his daughter, Fatima, son-in-law, Jalal Sule Hamma and...
An Ikeja Special Offences Court on Monday ordered the remand of one Friday Audu at the Kirikiri Correctional Centre over alleged $2.6 million and N3.5 billion fraud. Justice Rahman Oshodi directed that Audu be held at the Kirikiri Medium Correctional Centre, pending a decision on his bail application. The...
A Bureau De Change (BDC) Operator, Alhaji Idris Ali, on Monday testified against Muhammad Lawal, the managing director of Faru Power Solution Limited, for allegedly defrauding him of the total sum of N280 million. Ali, while being cross examined as 1st prosecution witness (PW-1) by the defence lawyer, Yakubu...
The Federal Capital Territory (FCT) High Court, Apo, Abuja, on Monday dismissed an application filed by the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to reclaim a vast estate in the city comprising 753 duplexes and apartments which has already been forfeited to the...
By JOY ADARA, Abuja- Justice I.E. Ekwo of the Federal High Court, Abuja, has ordered Aisha Achimugu to appear before the Economic and Financial Crimes Commission (EFCC) on Tuesday, April 29, 2025, to answer questions regarding an ongoing investigation. The judge also directed that she must appear before the...