The Economic and Financial Crimes Commission has raised the alarm over its findings that some internet fraudsters had funded some politicians into elective positions. The agency also vowed to release names of such politicians and their internet scammer sponsors. The Zonal Head of EFCC, Port Harcourt Zone, Mr. Abdulrasheed Bawa, disclosed this on Tuesday in Port […]Read More
The Economic and Financial Crimes Commission has arrested two of the 77 Nigerians declared wanted by the Federal Bureau of Intelligence for cybercrimes. The Head, EFCC Abuja Zonal Office, Aminu Aliyu, said Chika Augustine and Godspower Nwachukwu were arrested in Abuja, adding that $35,000 was recovered from the former. Addressing journalists in Abuja on Tuesday, […]Read More
Dr. Orji Uzor Kalu, former governor of Abia State, told a Federal High Court in Lagos on Tuesday that he ran the state for six months with money from his own pocket. He said the monthly allocation of Abia State when he took over in June 1999 was N168 million, and that it was hovering […]Read More
Chika Odionyenma, one of the persons on FBI’s 77-man list of suspected Nigerian fraudsters, was appointed into the inauguration committee of Emeka Ihedioha, governor of Imo state TheCable reports.` Reactions have since trailed the FBI list, Thursday, when the agency disclosed that many Nigerians were under investigation in connection with one of the largest scams in US […]Read More
The embattled former governor of Imo state may have murky waters to contend with viral images which has him spotted with his closest ally and recently nabbed Nigerian fraudster by the Federal investigation bureau, Los Angeles. The list of Nigerians arrest in the United states of America was published on Thursday, in that list is […]Read More
The Economic and Financial Crimes Commission says it has begun a joint operation with the United State Federal Bureau of Investigation to clamp down on internet fraudsters. A total of 16 cyber crime suspects (Yahoo Boys) have been arrested in Abuja since the joint operation codenamed Operation Wire Wire was launched. Acting Chairman of the […]Read More
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 […]Read More
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, […]Read More
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 […]Read More
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. […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
It was revealed that the EFCC would go after ex-governors and politicians who had been fingered in corruption acts, noting that the EFCC did not go after them during their tenure because of their constitutional immunity.Read More
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.Read More
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.
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.