In a high-stakes courtroom drama, one of the top executives from Binance, the world’s largest cryptocurrency exchange, stood before an Abuja court to confront serious allegations. Tigran Gambaryan, Binance’s head of financial crime compliance, faced charges of tax evasion and money laundering alongside his colleague, Nadeem Anjarwalla, the regional manager for Africa. The Economic and Read More…
Financial Crimes
Bobrisky faces EFCC investigation for allegedly spraying Naira notes
Operatives from the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have launched an investigation into the activities of Idris Okuneye, popularly known as Bobrisky. The controversial social media personality is accused of spraying Naira notes at a high-profile event. The EFCC’s interest in Bobrisky was sparked by a video report showing Read More…
EFCC to challenge court ruling on Emefiele’s detention
The Economic and Financial Crimes Commission (EFCC) has vowed to appeal a court ruling that awarded N100 million damages to a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his detention by the anti-graft agency. Emefiele, who served as the CBN governor from 2014 to 2019, was arrested by the EFCC Read More…
Dangote Industries responds to EFCC’s raid on Lagos Office over forex transactions
The management of Dangote Industries Ltd. reacted to the Economic and Financial Crimes Commission’s (EFCC) raid on its Lagos head office regarding alleged foreign exchange transactions during Godwin Emefiele’s tenure as Governor of the Central Bank of Nigeria (CBN). In a statement, the multi-product group expressed its readiness to cooperate with the EFCC in its Read More…
EFCC probes Dangote Group over forex misuse
The Economic and Financial Crimes Commission (EFCC) conducted a book inspection at the Dangote Group, probing potential misuse of foreign currency obtained from the central bank, according to two sources familiar with the agency’s actions. Sources within the EFCC disclosed that the inspection at Dangote’s offices in Lagos was part of an investigation expanding beyond Read More…
‘Protect your ATM card, scammers on the prowl,’ EFCC warns
The EFCC Head of Media and Publicity, Mr Dele Oyewale, cautioned the public about ATM swap fraudsters, stating that the commission had received numerous complaints concerning the issue. Oyewale, in a statement released in Ibadan and provided to newsmen, highlighted the EFCC’s investigations linking unauthorised bank withdrawals to Automated Teller Machine (ATM) debit card swapping Read More…
Like A Bandit In The Night!
“Now concerning the times and the seasons, brothers and sisters, you do not need to have anything written to you. For you yourselves know very well that the day of the Lord will come like a thief in the night. When they say, ‘There is peace and security’, then sudden destruction will come upon them, as labour pains Read More…
Former CBN Governor Emefiele remanded until November 22 amid procurement fraud charges
In a significant court ruling, Justice Hamza Muazu of the Abuja High Court ordered the remand of former Central Bank Governor Godwin Emefiele at the Kuje Correctional Centre until November 22. This decision followed his arraignment on six counts by the Economic and Financial Crimes Commission (EFCC), entailing allegations of procurement fraud amounting to N6.9 Read More…
Emefiele granted bail by court
In a significant legal development, the embattled former Central Bank Governor, Godwin Emefiele, has been granted bail by the Federal Capital Territory High Court. Justice Olukayode Adeniyi made this ruling based on Emefiele’s application for the enhancement of his fundamental rights. Justice Adeniyi, in his ruling, expressed concern over the prolonged detention of Emefiele, stating, Read More…
Justice orders EFCC to release or produce Emefiele
Justice Olukayode Adeniyi of an FCT High Court issued an order on Thursday directing the Economic and Financial Crimes Commission (EFCC) to immediately release the embattled former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, or bring him before the court on November 6. The order was given following the court’s consideration Read More…