30 results
- 17 Sept 2020
FG Launches Central Database for Stolen Asset Tracing
Federal government has launched a Central Database under the Asset Tracing, Recovery and Management Regulations (ARTM), 2019 and the Central Criminal Justice Information System (CCJIS) under the…
- 28 Feb 2023
Kenyan Court unfreezes Flutterwave’s Frozen Funds
A Kenyan court on Monday, February 27, 2023, released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave. This came after the Asset Recovery Agency of Kenya withdrew its…
- 20 Oct 2025
EFCC Recovers ₦500Bn, Secures 7,000 Convictions in 2 Years - Tinubu
President Bola Tinubu has commended the Economic and Financial Crimes Commission (EFCC) under the leadership of Ola Olukoyede for its impressive record of asset recovery and convictions, describing…
- 27 Jan 2026
NDIC Seeks EFCC's Support to Trace, Recover Assets of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthen collaboration to enhance the investigation and prosecution of offences…
- 15 Jan 2026
EFCC to Use Space Technology to Boost Asset Tracking, Investigations
Economic and Financial Crimes Commission (EFCC) has partnered with the National Space Research and Development Agency (NASRDA) to deploy advanced space and geospatial technologies in investigations…
- 29 Jul 2015
FG Targets ‘Super Rich’ Civil Servants in New Anti-Corruption Push
Federal government anti-corruption operatives have been sent after ‘super rich’ public officers who have multiple properties and other assets suspected to have been the rewards of graft, according to…
- 13 Oct 2020
Eni Seeks World Bank Arbitration in Nigeria Oilfield Dispute
ENI.MI has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 8 Oct 2015
Diezani Cannot Leave UK Till Next April- Court
Mrs Diezani Alison-Madueke, former minister of Petroleum Resources will not be able to leave the United Kingdom (UK) until April, next year, that is when the investigations into allegations against…
- 27 May 2017
AMCON Recovers N134Bn in 2016
Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, said the agency recovered N134bn in 2016. He stated this at a news conference in Lagos on Friday,…
- 11 Dec 2025
FRC, ICPC Seal Anti-corruption Alliance
The Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a memorandum of understanding (MoU) to enhance institutional…
- 5 Nov 2014
EFCC Recovers $11Bn Stolen Funds in 11 Years
Economic and Financial Crimes Commission (EFCC) said that it has recovered a total of $11billion by stolen looters of government treasuries from its inception in 2003. Wilson Uwujaren, head of Media…
- 27 Apr 2025
NDIC Begins Payment of N46Bn to Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has said that it has commenced the payment of N46.6 billion from liquidation dividends to depositors of the defunct Heritage Bank. Hawwau Gambo, acting…
- 11 Jun 2013
PKI Will Authenticate Data from Nigeria-Omotoso
Bolanle Omotoso, country managing director/founder, Data Recovery Specialist Limited is is an experienced and highly skilled business technology consultant with specializations covering data…
- 22 Jul 2026
NDIC Begins Payment to Depositors of 46 Failed Microfinance Banks
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. Mr Thompson Sunday, managing director and chief executive,…
- 22 Oct 2016
Under Jonathan N1.3Trillon was Stolen by 55 People
Presidential Advisory Committee Against Corruption (PACAC) has said that 55 people stole N1.3trillion from the national treasury in seven years under President Goodluck Jonathan’s watch. The…
- 6 Jun 2017
Officials, Bizmen Stole N1.4trn under OBJ, Yar’Adua, Jonathan
Itse Sagay, chairman, Presidential Advisory Committee Against Corruption (PACAC), has said that 55 top government officials and private businessmen in Nigeria illicitly diverted N1.35 trillion (about…
- 29 Jun 2026
NDIC Says 281m Depositors Protected against Bank Failure
Nigeria Deposit Insurance Corporation (NDIC) has said more than 281 million depositors across the country’s banking system are protected against bank failure, following reforms that significantly…
- 11 Oct 2019
Leaders Steal $600Bn from Nigeria Since Independence- Report
Economist magazine has said that an estimated $600bn is believed to have been stolen from Nigeria since its Independence in 1960. The story was published in its online edition of October 10.…
- 27 Jul 2025
NASENI, Nigerian Air Force Renew Strategic Partnership to Drive Indigenous Defense Technologies
National Agency for Science and Engineering Infrastructure (NASENI) and the Nigerian Air Force (NAF) have renewed their Memorandum of Understanding (MoU) to deepen collaboration on indigenous…
- 17 Apr 2025
Reps Panel Demands N182bn Refund from Remita Over TSA Discrepancies
House of Representatives Public Accounts Committee has directed Remita, a financial technology firm, to refund N182.77 billion to the federal government. The sum was allegedly withheld from the…
- 19 Jun 2026
Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions
Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has uncovered a major telecommunications fraud syndicate accused of compromising a telecom company's billing infrastructure and fraudulently…
- 5 Apr 2016
Alison-Madueke Back in Court over Seized Cash
Mrs Diezani Alison-Madueke, former minister of Petroleum Resources is due in Westminster Magistrate’s Court in London today to answer for money laundering and bribery allegations. She was first…
- 25 Mar 2025
Nigeria Tops as INTERPOL Arrested Over 300 Cybercriminals Across Africa
Kaspersky has recently contributed its threat intelligence data to an INTERPOL-led law enforcement action that aimed to disrupt cross-border criminal networks across the African region that cause…
- 12 Jun 2018
Panel Recovers $7m ‘Stashed’ in Heritage Bank, Others
The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property has recovered seven dollars million (N2.1 billion at official rate) illegally kept in Heritage Bank. Mr Okoi…
- 17 Feb 2022
National Stakeholders Summit: Ashcraft to Address Vandalisation of Critical Infrastructure
The Ashcraft Centre for Social Science Research has chosen February 28th and March 1, 2022 for its forthcoming National Stakeholders Summit to address vandalisation of critical infrastructure and…
- 27 Jun 2022
Ashcraft Announces Date for South – South Zonal Stakeholders Summit
The Ashcraft Centre for Social Science Research, organisers of South – South Zonal Stakeholders Summit has announced 25th and 26th July, 2022 as date for this year’s summit. Chiakor Alfred, Chief of…
- 20 Jul 2022
Fitch Affirms ‘B-’ Rating for Coronation Merchant Bank
Fitch Ratings has affirmed Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. According to the global rating agency, “the bank’s sound…
- 6 Oct 2023
Sat X, Nigeria’s satellite, Not Fit for Security Purposes – NASRDA
National Space Research and Development Agency (NASRDA) has said that Sat X, the current satellite of the country, cannot be used to address insecurity because it can only deliver low-resolution…
- 17 Apr 2026
NITDA, CAC Activate Cybersecurity Measures Amid System Concerns
The National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) have initiated coordinated measures to strengthen cybersecurity following recent concerns…