30 results
- 7 Sept 2025
EFCC Admits Weak Regulation Opens Crypto Investors to Fraud
Economic and Financial Crimes Commission (EFCC) of Nigeria has warned about the risks of opening crypto investors to fraudulent elements. Ola Olukoyede, Speaking on behalf of the organization, Ola…
- 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 Apr 2025
EFCC Bans Cash above $10,000 from Leaving Nigeria without Declaration
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has warned against cash transportation above $10,000 or its equivalent without declaration to the appropriate…
- 28 Mar 2026
Anti Graft Agencies Raise Alarm over Rising Crypto-Linked Financial Crimes
Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has raised concerns over the growing threat of cryptocurrency-related crimes in the country. Olukoyede made this known at the…
- 10 Jul 2025
EFCC Recovers Funds Lost to CBEX Fraud
Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has announced that the body has recovered lost funds from the CBEX fraud scheme. Olukoyede did not announce the amount…
- 3 Jul 2026
How Fraudsters Emptied a Judge's Account of N7.2 Million in Midnight Attack
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the commission recovered more than N7.2 million stolen from the bank account of a serving judge by…
- 13 Jul 2025
EFCC: Accusations Against Our Chairman Are Baseless and Misleading
Economic and Financial Crimes Commission (EFCC) has strongly denied allegations of lack of integrity and transparency directed at its chairman, Ola Olukoyede, by columnist Steve Osuji. In a statement…
- 11 Jul 2025
EFCC Says Corrupt Politicians are Using Crypto Wallets to Launder Money
Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has raised the alarm that some corrupt Nigerian politicians are now hiding their illicit wealth in cryptocurrencies to evade…
- 18 May 2026
EFCC Which Handles Sensitive Data, Financial Records has No Privacy Policy on Website- FiJ
Economic and Financial Crimes Commission (EFCC) does not currently maintain a public privacy policy on www.efcc.gov.ng , its official website. Ola Olukoyede, EFCC chairman, EFCC This is despite…
- 6 Aug 2025
Olukoyede, EFCC Chair Denies Forcing Ojulari to Resign as NNPC Boss
Ola Olukoyede, executive chairman, Economic and Financial Crimes Commission (EFCC), has denied claims that he compelled Bayo Ojulari, group chief executive officer, Nigerian National Petroleum…
- 17 Sept 2025
How Internet Fraudsters are Worsening Visa Restrictions for Nigerians- EFCC
Economic and Financial Crimes Commission (EFCC) has blamed suspects involved in internet fraud and money laundering for subjecting Nigerians to stricter visa restrictions criteria abroad. Ola…
- 26 May 2025
EFCC Recovers over N20Bn Stolen by Hackers from 6 Banks in Nigeria
Economic and Financial Crimes Commission (EFCC) has said that it has uncovered a series of cyberattacks targeting Nigerian banks, with six financial institutions falling victim to highly coordinated…
- 13 Apr 2026
EFCC Warns Banks against Loans without Credible Collateral
Ola Olukoyede, executive chairman, Economic and Financial Crimes Commission (EFCC), has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often…
- 30 Apr 2026
EFCC Warns Fintech Firms over Rising Fraud, Ransom Payments
Mr. Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has called on financial technology companies in Nigeria to strengthen their systems and safeguard their platforms against…
- 5 Mar 2024
Banking Sector Becoming Cesspool of Financial Crimes- EFCC
Economic and Financial Crimes Commission (EFCC), has revealed that approximately 70 percent of financial crimes in Nigeria are connected to banks. Ola Olukoyede, chairman, EFCC, stated this during…
- 22 Nov 2024
EFCC Says Nigerian Banks are Notorious Conduits of Financial Crimes
Economic and Financial Crimes Commission (EFCC) has warned banks against making themselves available as instruments of fraud. Ola Olukoyede, charman, EFCC, issued the warning on Friday when the…
- 13 Nov 2024
EFCC Cracks Down on Currency Racketeering: 50 Convicted
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says the commission has convicted over 50 persons for currency racketeering and dollarisation of the Nigerian economy…
- 26 May 2025
EFCC Recovers Funds, Arrests Suspects in N1.3 Trillion CBEX Crypto Fraud
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading…
- 28 Feb 2025
EFCC Uncovers Use of Cryptocurrency in Illegal Arms Importation into Nigeria
Economic and Financial Crimes Commission (EFCC) has revealed that cryptocurrency is being utilized as a means of payment for the importation of illegal arms into Nigeria. Ola Olukoyede, chairman,…
- 8 Apr 2024
Betta Edu: N30bn recovered, 50 bank accounts under investigation - EFCC
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), says N30billion has so far been recovered for the Federal Government while it has also placed 50 bank accounts under…
- 22 Oct 2024
Nigeria Lost over $500m to Cybercrime in 2022 - EFCC
Economic and Financial Crimes Commission (EFCC) has raised the alarm over the dangers of cybercrime, saying Nigeria lost over $500 million to it in 2022. Ola Olukoyede, chairman, EFCC, who spoke on…
- 24 Apr 2024
Nigerian Banks Lost over N8Bn to Internet Fraudsters in 2022- EFCC
Economic and Financial Crimes Commission (EFCC), yesterday said that banks in the country lost over N8 billion to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022. Ola Olukoyede, chairman…
- 6 Jan 2025
EFCC Sacks 27 Officers for Fraud, Misconduct
Economic and Financial Crimes Commission (EFCC) has dismissed 27 officers from its workforce in 2024 for various offences related to fraudulent activities and misconduct. In a statement issued on…
- 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…
- 8 Jul 2026
How EFCC Turned Recovered Loot Into School Supplies for Thousands of Nigerian Students
Economic and Financial Crimes Commission (EFCC), on Tuesday, July 7, handed over 1,452 items recovered from proceeds of crime to the Federal Ministry of Education to support schools across the…
- 30 Mar 2026
EFCC Waxes Worriedly over $160Bn Crypto Crime Losses
Economic and Financial Crimes Commission (EFCC) has warned of rising cryptocurrency-related crimes, revealing that illicit digital currency transactions exceeded $160 billion globally in 2025. Ola…
- 6 Feb 2026
Orya, Ex-NEXIM MD Jailed 490 Years for N2.4Bn Fraud
Robert Orya, former managing director, Nigerian Export-Import Bank, (NEXIM), has been sentenced to a cumulative 490 years’ imprisonment over a N2.4 billion fraud, following his conviction by a…
- 17 May 2024
TI-Nigeria Boss Alleges Nigerian Banks Offer Opportunities for Terrorism Tinancing
Awual Rafsanjani, executive director, Civil Society Legislative Advocacy Centre (CISLAC) and head, Transparency International in Nigeria (TI-Nigeria), has accused banks of offering opportunities for…
- 22 Apr 2026
Breaking News...Hackers Allegedly Expose EFCC Data, Operatives’ Identities
Nullsec Nigeria, a threat actor, has claimed responsibility for leaking the identities of operatives and sensitive internal data linked to the Economic and Financial Crimes Commission (EFCC). Ola…
- 20 Jun 2024
EFCC, Flutterwave to Establish Cybercrime Centre for Security of Transactions
Economic and Financial Crimes Commission (EFCC) and Flutterwave, unicorn payments technology company have signed a Memorandum of Understanding (MoU), to establish and a state-of-the-art Cybercrime…