The Economic and Financial Crimes Commission (EFCC) says it will soon commence prosecuting banks and their top officials for financial fraud. The EFCC Chairman, Olanipekun Olukoyede, said this on Tuesday at the 17th Annual Banking and Finance Conference, organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja. The News Agency of Nigeria … Read more
The Federal High Court in Lagos State has jailed an impersonator of Nigerian singer Flavour, whose real name is Chinedu Okoli. The judge, Dehinde Dipeolu, sentenced on Tuesday Ikpaka Courage to two years imprisonment for fraudulently presenting himself as Flavour to dupe a United States citizen, Yvelte M. Thompson. The Economic and Financial Crimes Commission … Read more
The Court of Appeal in Abuja on Tuesday ordered former Kogi State Governor Yahaya Bello to surrender himself for arraignment in the N80 billion money laundering case pending against him at the Federal High Court in Abuja. A three-member panel led by Hamma Barka gave the order after dismissing appeals filed by Mr Bello seeking … Read more
Paul Okoye, aka Rudeboy—one half of the now-defunct P-Square, has revealed why the group might no longer reunite. PREMIUM TIMES reported that P-Square, which consists of three brothers, Paul, Peter, and Jude, has been in the news for over a week due to a series of internal issues. The long-standing feud between the Okoye brothers, … Read more
The Nigerian government has frozen more than $37 million worth of cryptocurrency held in wallets believed to be owned by some organisers of #EndBadGovernance protests. The freezing followed an order by the Federal High Court in Abuja. The judge, Emeka Nwite, gave the order in a ruling delivered on 9 July, a copy of the … Read more
A High Court in Makurdi on Tuesday dismissed two applications filed by former governor of Benue, Samuel Ortom, stopping the Benue Government from probing him. The News Agency of Nigeria (NAN) reports that Governor Hyacient Alia constituted two commissions of inquiry to investigate Mr Ortom. Irked by the decision to probe him, Mr Ortom sued … Read more
The Federal Capital Territory (FCT) High Court in Abuja has fixed 17 July for ruling on former Central Bank of Nigeria (CBN) governor Godwin Emefiele’s application for the release of his passport to enable him to travel abroad for medical treatment. The Economic and Financial Crimes Commission (EFCC), which is prosecuting Mr Emefiele on corruption … Read more
The Lagos State High Court in Ikeja has adjourned till 24 October for further hearing in the alleged N4.8 billion fraud trial of Cletus Ibeto, Chairman, Ibeto Energy Development Company. The court scheduled Thursday for the Economic and Financial Crimes Commission (EFCC) to arraign Mr Ibeto alongside his Ibeto Energy Development Company and Odoh Holdings … Read more
A deputy director at the Central Bank of Nigeria (CBN), Olubukola Akinwumi, explained on Friday how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions. Mr Akinwumi, who is the Economic and Financial Crimes Commission (EFCC) ‘s second prosecution witness in the ongoing trial of the cryptocurrency firm and its executive, … Read more
The Economic and Financial Crimes Commission (EFCC) has set up a disciplinary panel to investigate two operatives accused of assaulting a woman during their team’s raid on a hotel in Lagos last week. A press statement by the commission on Sunday said the chairperson of the anti-graft agency, Ola Olukoyede, raised the committee “to look … Read more
