The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyode, has said that only 60 percent of stolen funds can be recovered after they have been taken. He made this disclosure on Friday at the inauguration of the EFCC Zonal Office in Awka, Anambra State. The anti-corruption czar noted that prevent…

…process.NAICOM has rejected the allegations and clarified that cooperating with the EFCC does not amount to an indictment of the commission."No company should be above regulation. At the same time, no regulator should be above scrutiny. The appropriate response to disagreement is evidence, due process and institutional…

…investment schemes without valid licences from the Securities and Exchange CommissionThe EFCC prosecuted the companies under Section 57(1) of the Banks and Other Financial Institutions Act, 2020, after they evaded interrogation for over five yearsEach convicted company faces a N30 million fine plus N200,000 for every d…

…by the Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on September 15 and 16, 2026. The companies were charged separately with offences contrary to Section 57(1) of the Banks and Other Financial Institutions Act, 2020. They are Ngwuoke Daniels Technologies, Credio Banco Ltd, Digital Comp…

…NDPC, Vincent Olatunji, said the commission received approval for the property from the EFCC in July 2025, while renovation work commenced in March 2026. Olatunji described the new headquarters as a major turnaround for an institution that began with limited office space and funding. He recalled that the data protectio…

…by relevant institutions during his time in office. “These issues went through the EFCC, an administrative panel, the National Assembly and the courts. No court convicted me on these allegations. That is the record,” he said. He added that anyone with credible evidence should present it through lawful channels. “Anyone…

…is all over the place. If you Google it now, you will see the pictures,” he stated. The EFCC chairman did not name the university in the post, but his reference to a campus with both a temporary and a permanent site is consistent with Rayhaan University in Kebbi State, whose final forfeiture, alongside dozens of other…

…Territory High Court sitting in Maitama, Abuja, over an alleged N1.09bn fraud. The EFCC disclosed this in a statement posted on its X account on Wednesday. The anti-graft agency said Abubakar was arraigned before Justice N.C. Nwabulu on a two-count charge bordering on the retention and transfer of proceeds of criminal…

…in scrutinising people involved in political campaigns, noting that a person facing an EFCC investigation but not charged to court could still participate in political activities. “You (media) were asking the moral justification of putting someone who has an EFCC case to be in a campaign council. And I was just watchin…

The Economic and Financial Crimes Commission, EFCC, has begun assessing the vulnerability of non-profit organisations (NPOs) in Niger State to terrorism financing. The exercise is being conducted by the commission’s Special Control Unit against Money Laundering (SCUML) to identify gaps that could allow legitimate organ…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, says the commission is shifting focus from waiting for crimes to occur to preventing them through early detection and asset freezing. Olukoyede disclosed this on Monday in Abuja at a media interactive session marking his third year i…

…deeper prevention By Clifford NdujiheTHE Economic and Financial Crimes Commission, EFCC, yesterday, said it secured 10,872 convictions and recovered N1.23 trillion, $684.48 million, £373,906 and €9.34 million in its 34-month anti-corruption campaign under its Executive Chairman, Ola Olukoyede. The commission also discl…

…The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, August 26, facilitated the extradition of the duo of Mudashiru Afeez Olawale and Adebola Festus Adekunle to the United States of America, U.S., to face prosecution for allegedly sexu@lly extorting two teenage boys in the…

The EFCC confirmed its investigation into the N12 billion federal intervention fund will continue despite sweeping leadership changes at the NFFNFF President Ibrahim Musa Gusau resigned on Thursday after nearly four years in office, citing consultations with family and stakeholdersGusau's exit followed the Super Eagles…

…engagement by the time this report was filed.APC gives appointment politicians under EFCC probe Legit.ng earlier reported that the APC named Betta Edu and Ngozi Olejeme to its 2027 presidential campaign council on August 22, 2026.Edu was suspended by President Tinubu in January 2024 over a N585 million transfer memo, a…

…threat to export petrol amid rising imports, INEC’s preparations for the 2027 polls, the EFCC’s move to reward information leading to the recovery of stolen assets abroad and the Federal Government’s decision to halt foreign scholarships and redirect funds to domestic education. Atiku-Tinubu faceoff widens over subsidy…

…to come forward to give information about stolen assets,” he was quoted as saying. The EFCC chairman said the reward could turn credible whistleblowers into millionaires, depending on the value of assets recovered from the information supplied. “You never know if you give any information here, some of you may leave thi…

…before the figure became commonly cited as $16bn. In his defence, Obasanjo cited an EFCC investigation and a presidential review process, arguing that these had undermined the allegation that $16bn had simply been squandered. A report claimed only about $3.7bn of the $10bn budgeted amount had actually been disbursed, w…

…many of the cases arising from Operation Jackal IV remain under active investigation.EFCC reveals religious sects laundering moneyLegit.ng earlier reported that EFCC chairman Ola Olukoyede has revealed that a religious sect in Nigeria was responsible for laundering money for terrorists in Nigeria.Olukoyede also disclos…

…been accused of financial crimes by the Economic and Financial Crimes Commission (EFCC). According to him, Nigerians should examine the names on the committee and research the allegations against its members before deciding whether to support the ruling party. “When you look at APC Presidential Campaign Committee, you…

…schools, health centres and water projectsNwabufo warned that NISDAN will petition the EFCC and ICPC where evidence of diverted public funds is foundPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Adekunle Dada has over 8 years of experience…

Peller has revealed that the EFCC invited him after someone reportedly reported the money sprayed at his wedding to JarvisThe content creator explained what he believes saved him during the agency’s investigation into the funds displayed at the ceremonyPeller also questioned why some people allegedly focus on reporting…

…and Financial Crimes Commission. He said he personally confronted the then acting EFCC chairman, Ibrahim Magu, over the matter. “I struggled with my brother. No, no, no, no, we won’t agree. I even followed him to EFCC. We shouted, ‘Magu, Ole! Magu, Ole!’ Magu said, ‘Who is this boy calling me Ole? They should go and lo…

PRESIDENT Bola Tinubu’s directive to the Economic and Financial Crimes Commission (EFCC) to unfreeze the Osun State government’s statutory allocation account shortly before the August 15 governorship election doused political tension The post Tinubu’s democratic credentials boosted by directive to unfreeze Osun account…

…as a member. That was how we recovered money for Nigeria. Later, we established the EFCC to fight corruption.” SOURCE