16 results
- 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…
- 24 Jun 2025
Court Hands 23 Chinese Nationals 1 Year Jail Term Each for Cyberterrorism, Fraud
A Federal High Court in Ikeja, Lagos state has sentenced 23 Chinese nationals to one year imprisonment each for their involvement in cyberterrorism and internet fraud. Economic and Financial Crimes…
- 6 Nov 2012
Foreign Terror Groups Fuel Boko Haram-FG
Boko Haram, Islamist extremist group is said to be obtaining increasing cooperation from established terror groups operating in the Sahel and the federal government is waxing worriedly. Mohammed…
- 23 Nov 2023
Senate to Amend Cybercrimes Act to Stem $500m Loses Annually
Senate has decried an annual loss of $500 million to cybercrimes in Nigeria and described the loss as a major threat to cybersecurity. Accordingly, the upper chamber resolved to amend the Cybercrime…
- 20 Mar 2024
FG Names 15 Terrorism Financiers, BDCs
Federal government said that it has uncovered the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. On…
- 18 Apr 2025
CBN Warns Banks, Fintechs on Compliance with Sanctions
Central Bank of Nigeria (CBN) has reminded banks, payment service banks, and fintech companies of their obligations to comply with applicable sanctions regimes. These sanctions include the United…
- 13 Aug 2026
SEC Orders Immediate Freeze of Assets Linked to Six Terrorism Financiers, Three Entities
Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of six individuals and three entities designated as terrorism financiers by the Nigeria…
- 26 Feb 2015
Reps Back Controversial Internet, Phone Spy Programme
The needlessly controversial bill on interception of electronic communication sponsored by the Federal Government yesterday passed second reading at the House of Representatives. The so-called…
- 13 Apr 2026
SEC Freezes Assets of 13 Terrorism Financiers in Capital Market Crackdown
Nigeria’s Securities and Exchange Commission (SEC) has slammed an immediate asset freeze on 13 entities—10 individuals and three companies - designated as terrorism financiers by the Nigeria…
- 6 Mar 2025
FG Lists Simon Ekpa, 16 Others as Terrorism Financiers, Freezes Accounts
Nigeria Sanctions Committee (NSC) has designated Simon Ekpa, 16 other persons and two entities, for their alleged involvement in supporting terrorist activities and terrorism financing. Simon Ekpa…
- 12 Aug 2026
SEC Directs Operators to Subscribe to NigSac Alerts, Freeze Terrorists-Linked Funds
Securities and Exchange Commission (SEC) has issued an urgent directive requiring all capital market-regulated entities (CMREs) to immediately subscribe to Nigeria’s Sanctions (NigSac) Alerts system.…
- 18 Sept 2013
Senate Okays Controversial Wiretap Programme
The Senate has endorsed a bill seeking to empower relevant security agencies in the country to intercept communications prejudicial to national security for public interest. The so-called 'lawful…
- 21 Apr 2025
EFCC Clarifies SCUML Certificate Misuse amid CBEX Ponzi Scheme Scandal
Economic and Financial Crimes Commission, EFCC, has dismissed the claims that the defunct digital asset trading platform, CBEX, was registered with its Special Control Unit against Money Laundering,…
- 9 Nov 2014
Prolonged Battle against Cybercrime
Cybercrime is an image nightmare for Nigeria. Cybercrime is any illegal activity that uses a computer as its primary means and also includes any illegal activity that uses a computer for the…
- 1 Sept 2013
Cyber Crooks Threatens National Security with RAT
Despite recent moves by Nigeria to enact a cyber crime law to combat the global scourge, a study by Symantec – the leading security firm, shows the rogues are inventing more ingenuous routes to…
- 7 Feb 2021
Criminal Cartel Hijack Bank Data, Demand Ransom in Bitcoins
Criminal cartel recently hijacked a local commercial bank’s data and demanded for a ransom payment in bitcoins, according to the Tribune. This reportedly prompted the Central Bank of Nigeria (CBN) at…