30 results
- 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…
- 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…
- 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…
- 15 Jul 2026
Court Orders Final Forfeiture of 48 Properties Linked to Former AGF Abubakar Malami
The Federal High Court in Abuja on Wednesday, July 15, ordered the final forfeiture of 48 properties linked to the immediate past Attorney-General of the Federation and Minister of Justice, Mr.…
- 19 Nov 2014
FG Silent as the World Probes Illegal Sale of OPL 245
Nigerian government has curiously refused to revisit the now tainted sale of one of the country’s largest offshore oil concessions known as OPL 245 to subsidiaries of oil multinationals, Royal Dutch…
- 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…
- 19 Oct 2016
EFCC Lobbies for Percentage of Recovered Loots
Economic and Financial Crimes Commission (EFCC) has urged a review of Nigerian laws to enable anti-graft agencies in the country retain a percentage of the loot recovered to fund their operations. Mr…
- 8 Feb 2017
Ozekhome Kicks as Court Freezes His Account over Money Laundering
Justice AbdulAziz Anka of a Federal High Court in Lagos on Tuesday ordered the temporary forfeiture of N75 million the Economic and Financial Crimes Commission (EFCC) said it discovered in the…
- 1 May 2025
CBEX Scam: EFCC Freezes Accounts, Traces Funds Internationally
Economic and Financial Crimes Commission (EFCC) says it has traced proceeds from the failed CBEX crypto bridge exchange scheme to at least four countries, noting that full restitution to victims may…
- 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 Jun 2026
TikTok Tax Scam Exposed: Two Arrested Over Alleged £153 Million Fraud Scheme
TikTok users in UK are being warned to keep an eye out for tax scams after two men were arrested in east London over an alleged scheme involving £153 million in fraudulent claims. TikTok The pair,…
- 28 Feb 2015
Ibori’s Conviction Costs £14m – Senate
Senator Victor Lar, chairman of the Senate Committee on Drugs, Narcotics, and Financial Crimes and anti-corruption, said on Friday that a whopping £14m (N400bn) was spent to secure the conviction of…
- 30 Oct 2023
Nigeria, Others Vital in Recovery of €2m from Organised Crime Syndicate – INTERPOL
Ahmed Naser Al-Raisi, president of the International Criminal Police Organisation (INTERPOL), has said that Nigeria, as well as certain West African nations, have been crucial in the recovery of over…
- 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…
- 19 Apr 2026
CitiTrust Heads to Appeal Court over Alleged Ponzi Scheme
CitiTrust Financial Services Limited, the parent company of Osun-partly owned LivingTrust Mortgage Bank, has approached the Court of Appeal sitting in Lagos, following the company’s conviction at the…
- 2 Sept 2025
FIRS Decries Cross-border Tax Crimes
Dr Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has stated that cross-border tax crimes had undermined effort of countries to raise revenue for development. He added that…
- 17 Feb 2022
CBN Kicks Against New Anti-Money Laundering Law
Central Bank of Nigeria (CBN) on Thursday kicked against plans by the Senate to enact a new anti-money laundering law. The apex bank put forward this position during a public hearing by a Senate…
- 13 Apr 2017
EFCC Finds N13Bn in Lagos Home
Economic and Financial Crimes Commission (EFCC) yesterday found $43.4 million (about N13.237 billion), N23 million and £27,000 cash at House 16, Osborne Road in Ikoyi, Lagos Island. The anti-graft…
- 29 Jan 2021
Carnegie Endowment Report Shows How Over £30M Illicit Financial Flows from Nigeria to UK Education Sector
The Carnegie Endowment for International Peace report, commissioned by the UK Government, spotlights risks of illicit financial flows to UK education sector On Thursday 28 January 2021, the Carnegie…
- 13 Jun 2021
Digital Technologies Facilitating Nigeria's Anti-Corruption Crusade — Pantami
Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy, has said that digital technologies are facilitating the Anti-Corruption crusade of the administration of President…
- 15 Feb 2023
CITN Partners EFCC to Contain Tax Fraud
Chartered Institute of Taxation of Nigeria, CITN, has teamed up with the Economic and Financial Crimes Commission (EFCC) to intensify fight against tax fraud and other tax crimes. The move became…
- 25 May 2021
Insider Connections Facilitate most Banking Frauds – EFCC
Bawa Usman, zonal head of the Economic and Financial Crimes Commission (EFCC), in Sokoto, has said that insider connections facilitate most financial frauds in the banking industry. Bawa, whose zone…
- 2 Jul 2021
FG Banned Twitter in National Interest- Malami
Abubakar Malami, attorney general of the federation (AGF) and minister of justice, has said the ban on the use of Twitter in the country was done to protect Nigeria’s interest. Malami said the…
- 27 Apr 2025
NCC Vows to Tackle Online Infringement, Block Illegal Music Websites
Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from…
- 31 Dec 2013
ICPC Beams Searchlight on Personal Bank Accounts
Independent Corrupt Practices and Other Related Offences Commission (ICPC) , has intensified surveillance on financial transactions of Nigerians in its fight against corruption, according to Mr Ekpo…
- 31 Oct 2024
FG Launches Amnesty to Allow Deposits of Forex outside Banking System
Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny. Nigerians have nine-month deadline to do this according to…
- 14 Mar 2021
Supreme Court Orders EFCC to Return N9Bn to Former First Bank Director
The supreme court has ordered the Economic and Financial Crimes Commission (EFCC) to return the N9 billion it seized from Dauda Lawal, former executive director of First Bank. In a unanimous judgment…
- 31 Oct 2024
FG Offers Nine-month Amnesty for Illegal Dollar Holdings
Federal Government on Thursday announced a nine-month programme beginning on October 31 that allows individuals to deposit dollar bills held outside the formal banking system without scrutiny. Wale…
- 28 Jan 2016
Shell, Eni to Lose OPL 245 over $1.1Bn Malabo Fraud
Federal government may retrieve one of Africa’s richest oil blocs from oil giants, Shell and Eni, if the recommendations of the Office of Director of Public Prosecution are implemented, according to…
- 22 Mar 2010
Ecobank Advocates Enhanced Payment System
Ecobank has advocated collaboration among banking partners and regional financial regulators in West Africa to strengthen the payment system. Arnold Ekpe, Ecobank Group Chief Executive Officer,…