Full List of 80 Nigerians alleged of fraud, money laundering in US

The United States (US) Government has released names of 80 Nigerians suspected to have been involved in well coordinated fraud and money laundering in the country. The United States also narrated the strategies adopted by the alleged fraudsters leading to the swindling of innocent citizens. Valentine Iro, 31, and Chukwudi Christogunus Igbokwe, 38, are named […]

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We didn’t raid Ambode’s Residence – EFCC

The EFCC, in a statement said since early hours of today, it had been inundated with calls that operatives of the Commission raided the residence of the former governor of Lagos State, Akinwunmi Ambode. “We need to state for the records that the EFCC did not raid Ambode’s house. It is instructive that his administration, […]

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Angola ex-transport minister jailed for 14 years for corruption

An Angola ex-transport minister was on Thursday jailed for 14 years for corruption, making him the first high profile official to be convicted since President Joao Lourenco took office two years ago.  The Supreme Court found Augusto da Silva Tomas, who was minister under former leader Jose Eduardo dos Santos, guilty of six counts including […]

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Former INEC Chairman In EFCC Custody Over N1.2 billion Fraud

The Economic and Financial Crimes Commission(EFCC) has remanded in its custody the former Chairman of Independent Electoral Commission, Professor Maurice Iwu, following a court order. The order was given by Justice Chuka Austin Obiozor of a Federal High Court sitting in Lagos on Thursday, pending the hearing and determination of his bail application on Friday. […]

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Yemi Osinbajo’s firm linked to company identified in alleged N100bn scam

The Vice President of the Federal Republic of Nigeria has a stake with Simmon Coopers Partners has been linked to another firm known as Ocean Trust Limited which has allegedly been reported of N100bn scam involving Alpha Beta Consulting Limited and Alpha Beta LP. Simmons Coopers was listed as a company in which Prof Yemi […]

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N919m fraud: Buhari sacks NHIS boss, Usman Yusuf

President Muhammadu Buhari has finally sacked the Executive Secretary of the National Health Insurance Scheme (NHIS), Prof. Usman Yusuf after seven months of being recommended for dismissal. He also approved the appointment of Prof. Mohammed Nasir Sambo as the new Executive Secretary. Concise News recalls that a panel set by the Secretary to the Government of the Federation had […]

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Internet Fraudster Forfeits N230 Million To Nigerian Government

Federal High Court in Ikoyi, Lagos has ordered the final forfeiture of the sums of N210,287,697.45; N5,320,373.40; N15, 008,809.79 and $80.59 belonging to one Dehinbo Oluwatobi Reuben, an internet fraudster, to the federal government. Justice Saliu Saidu gave the order on Tuesday at the hearing of the forfeiture application brought by the Economic and Financial Crimes […]

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Alleged N2.4bn Forgery: Court orders arrest of Innoson Motors’ boss

Justice Ayotunde Faji of the Federal High Court, Lagos, yesterday, ordered the arrest the chairman of Innoson Motors, Mr. Innocent Chukwuma, and two others for their persistent refusal to appear before him to face charges slammed against them by the Inspector-General of Police  (IGP). Others affected by the order are Charles Chukwu and Anajekwu Sunny. The court gave […]

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How I hack into any Nigerian bank account and withdraw money – Man reveals

A suspect identified as Dare Oladimeji who can hack into any bank account to withdraw customers’ money, has been arrested by operatives of the Special Anti-Robbery Squad, Ladipo, Lagos. Oladimeji, a former footballer, plied his trade in Dubai and returned to the country in 2016. He was arrested after he withdrew N200, 000 from one […]

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Ponzi Scheme: Micheno Boss To Remain In Prison Over N320m Fraud Charge

The Economic and Financial Crimes Commission, EFCC, has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr. Uno Michael Eke before Justice Simon Amobeda of the Federal High Court, sitting in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million (Three Hundred and Twenty Million) by false pretence […]

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EFCC Invades Fayose’s Residence In Ekiti

It will be recalled that the EFCC on Thursday complained over the influx of foreign currency to the country.
Meanwhile, he Peoples Democratic Party (PDP) in Ekiti State has condemned the invasion of the Afao Ekiti residence of the immediate past Governor of the State, Mr. Ayodele Fayose, saying no amount of intimidation can break the will of Nigerians to vote out the APC government of President Muhammadu Buhari.

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Microfinance Bank Boss Bags 4 Years Over $166m Fraud

Justice Mojisola Olatoregun of the Federal High Court, in Lagos, yesterday, sentenced the former managing director of the defunct Integrated Microfinance Bank Limited, Simon Ademola Akinteye, to four years’ imprisonment over a $166.9 million fraud.  
The court sent the former bank MD behind bars after convicting him of a nine-count charge of compliance, fraud and reckless granting of loans without collateral, brought against him by the Federal Ministry of Justice.

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Diezani ‘bribe’: court convicts INEC chiefs

The Federal High Court in Lagos on Thursday convicted a former Independent National Electoral Commission ( INEC ) Administrative Secretary in Kwara State Mr Christian Nwosu.
Justice Mohammed Idris found him guilty of laundering N264million.
“I find that the prosecution has proved the case beyond reasonable doubt in the manner required by law.

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CBN Warns Banks On Korean ATM Hackers

In an effort to mitigate losses to the financial sector through the activities of cyber criminals, the Central bank of Nigeria (CBN) has warned commercial banks on Automated Teller Machines (ATMs) infected by the hackers.

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