Search Results for "Financial Crime"
112 results found
Tinubu allocates EFCC-recovered property as new NDPC headquarters

…Bola Tinubu has approved the allocation of a property recovered by the Economic and Financial Crimes Commission to the Nigeria Data Protection Commission as its new headquarters. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this on Monday during the commissioning of the fac…

Crime by nigerianewsfeed · 10 days ago · 0 comments · 13 views
Institutions recovered from crime converted to federal varsities - EFCC

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has said a university recovered from a forfeiture case has since become a fully functioning federal institution, with 1,909 students matriculated into it in December 2025. Olukoyede, in a video and accompanying post shared on his official X ac…

Crime by nigerianewsfeed · 20 days ago · 0 comments · 25 views
EFCC arraigns man over alleged N1.09bn fraud in Abuja

The Economic and Financial Crimes Commission has arraigned a man, Mahmud A. Abubakar, before the Federal Capital 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 b…

Crime by nigerianewsfeed · 22 days ago · 0 comments · 17 views
Prisoner, person under EFCC probe can canvass votes - Wike

…Minister, Nyesom Wike has defended the inclusion of an individual under Economic and Financial Crimes Commission investigation on President Bola Tinubu’s presidential campaign team. Wike argued that being probed does not prevent a person from canvassing votes He stated this during a media parley he hosted on Wednesday,…

Crime by nigerianewsfeed · 22 days ago · 0 comments · 17 views
EFCC assesses terrorism financing risks in Niger NPOs

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…

Crime by nigerianewsfeed · 23 days ago · 0 comments · 12 views
EFCC now freezing suspicious funds in 72hrs, targets crypto wallets – Olukoyede

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…

Crime by nigerianewsfeed · 24 days ago · 0 comments · 14 views
How EFCC secured 10,872 convictions, N1.23tr recoveries in 34 months — Olukoyede

…promises faster restitution, 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 Olukoye…

Crime by nigerianewsfeed · 24 days ago · 0 comments · 12 views
Two extradited to US for alleged child exploitation and s#xtortion

…child exploitation and s#xtortion 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…

Crime by nigerianewsfeed · 27 days ago · 0 comments · 14 views
EFCC drops major bombshell as NFF president, others tender resignation letter

…ATTENTION: Find it fast with our new search feature at Legit.ng! The Economic and Financial Crimes Commission (EFCC) has confirmed that its investigation into how the Federal Government's N12 billion intervention fund was spent will press ahead, regardless of the mass resignation of Nigeria Football Federation (NFF) of…

General News by nigerianewsfeed · 27 days ago · 0 comments · 13 views
Morning recap: Atiku-Tinubu clash widens, Dangote threatens petrol export, other top stories

…EFCC offers 5% reward for leads on stolen assets abroad The Economic and Financial Crimes Commission has offered a five per cent reward for credible information leading to the recovery of stolen Nigerian assets held abroad. The initiative is part of efforts by the anti-graft agency to strengthen the tracing and recover…

Politics by nigerianewsfeed · 28 days ago · 0 comments · 25 views
EFCC offers 5% reward for leads on stolen assets abroad

The Economic and Financial Crimes Commission has offered whistleblowers up to five per cent of recovered assets for actionable information leading to the recovery of funds and properties allegedly stashed abroad by corrupt Nigerians. Olukoyede urged individuals with credible information on the location of Nigerian asse…

Crime by nigerianewsfeed · 29 days ago · 0 comments · 17 views
“Many of them have been accused of corruption” – Isaac Fayose tackles APC Presidential Campaign Committee ahead of 2027 elections

…Fayose alleged that several individuals on the committee have previously 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…

Crime by nigerianewsfeed · 29 days ago · 0 comments · 14 views
CAC ambassadors unveil NISDAN to hold governors, LGAs accountable

…public funds is found, Nwabufo said NISDAN will file petitions with the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other relevant agencies.He was clear that the network would not shield poorly performing governments from scrutiny b…

Politics by nigerianewsfeed · 29 days ago · 0 comments · 17 views
Terrorists using dead persons' accounts, crowdfunding - NFIU

…during the year identified an increasingly interconnected threat landscape involving financial crime, technology and cross-border activity. It noted that fraud remained a dominant predicate offence, with growing cases of Ponzi schemes, fraudulent crowdfunding arrangements, cryptocurrency-enabled investment scams and ha…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 13 views
N150,000 palliative: Pensioners threaten mass protest

…of the National Social Investment Programme Agency, Halima Shehu. The Economic and Financial Crimes Commission subsequently investigated allegations surrounding funds handled by the ministry. The pensioners, however, said the current administration could still resolve the matter by directing the relevant agencies to pa…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
I'm now alone, Isaac Fayose laments abandonment by politicians he supported

…2018, when he stood by his brother during the latter’s face-off with the Economic 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,…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
Tinubu’s democratic credentials boosted by directive to unfreeze Osun account —PAACA, Legis360

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…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 16 views
EFCC arraigns two for alleged unlawful supply of bank access codes in Lagos

…supply of bank access codes in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Wednesday, August 19, 2026, arraigned Gideon Bakpa Aghogho and Oscar Ebere Chukwuebuka before Justice F.N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, for alleged unlawful supply of…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
Osun poll: Accord Party spent at least N40bn, Fayose replies Davido

…shortly before the election, referring to the freezing of accounts by the Economic and Financial Crimes Commission. “The 1n20 million that went out like a week before the election that prompted the EFCC to freeze their account shows that something is not right. “Why don’t you send those to the people six months ago?” h…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 17 views
Court jails two women for illegal naira trading in Lagos

…were separately arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on one-count charge each. The charge against Mutairu Omowunmi Tawa reads: "That you, Mutairu Omowunmi female, on or about 25th of July, 2026, at Salamagic Event Centre, Onikan, Lagos, within the jurisdictio…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
APC Governorship candidate’s wife’s cash distribution raises naira abuse concerns

…large bundles of naira notes at a public event has triggered calls for the Economic and Financial Crimes Commission (EFCC) to step in.The footage was recorded at the launch of the Hajiya Maryam Ahmed Wadada Aliyu Women Empowerment Scheme 2026, where a total of ₦325 million was shared among 6,500 women drawn from all 13…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 15 views
EFCC commences investigations of suspect found with $73,000, £15,957 & 827,800 at Kano airport

…£15,957 & 827,800 at Kano airport The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has commenced investigation of a suspect, Haruna Yusuf and multiple undeclared foreign currencies, $73,000( Seventy Three United States Dollar) £15,957 ( Fifteen Thousand, Nine Hundred and Fifty Seven Pou…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 16 views
Why PoS transactions are falling as CBN revises charges

…revealed a significant increase in fraudulent Bank Verification Numbers (BVNs) linked to financial crimes. With a notable rise in fraud cases and a contraction in consumer credit, the banking sector is under pressure to adapt to evolving challenges.This crackdown comes as Nigeria grapples with high borrowing costs, pos…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
Gombe court grants man accused of defaming APC gov candidate bail

…on their Facebook accounts claiming that Gwamna had been arrested by the Economic and Financial Crimes Commission over an alleged fraud involving the diversion of funds belonging to the Kano Electricity Distribution Company. According to the prosecution, the publication was made “with intention to harm or knowing, or h…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 14 views
“I have instructed…” — Gov. Adeleke makes fresh decision over EFCC’s bank freeze after his re-election victory

…has ordered the withdrawal of the legal action instituted against the Economic and Financial Crimes Commission (EFCC) over the state government’s frozen bank account. The decision came after President Bola Tinubu intervened in the dispute and spoke with the governor following Adeleke’s victory in the August 15 governor…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 14 views
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