In a surprising turn of events, the Federal High Court in Abuja has dismissed the suit filed by Lagos State Governor Babajide Sanwo-Olu against the Economic and Financial Crimes Commission (EFCC). The suit sought to restrain the EFCC from arresting or prosecuting him after his tenure. The dismissal came as a shock to the EFCC Read More…
Tag: EFCC
Former Kogi Governor Yahaya Bello arrested by EFCC over N80.2 billion fraud allegations
In a significant development, former Kogi State Governor Yahaya Bello has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of money laundering, breach of trust, and the misappropriation of N80.2 billion. The arrest marks a turning point in the EFCC’s pursuit of the former governor, who has evaded arrest for months Read More…
Governor Sanwo-Olu denies suing EFCC over alleged arrest plans
The Lagos State Government has denied claims that Governor Babajide Sanwo-Olu has sued the Economic and Financial Crimes Commission (EFCC) over an alleged plan to arrest, detain, and prosecute him after his tenure ends in 2027. “Our attention has been drawn to the news circulating in a section of the media, titled: ‘Sanwo-Olu Sues EFCC Read More…
Binance executive arraigned in court for tax evasion and money laundering
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…
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 declares Margaret Emefiele wanted for alleged money laundering
The Economic and Financial Crimes Commission (EFCC) has declared Mrs. Margaret Emefiele, wife of the former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, wanted for alleged money laundering. According to EFCC’s spokesman, Mr. Dele Oyewale, speaking in Abuja, “Three other persons had been declared wanted alongside Margaret on the same office.” Read More…
EFCC and ICPC unite forces: A Pledge to combat corruption in Nigeria
The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have joined hands in a collaborative effort to intensify the fight against corruption in Nigeria. This powerful alliance was emphasised during a visit by the Chairman of the ICPC, Dr. Musa Aliyu, SAN, to the EFCC headquarters Read More…
EFCC summons suspended minister Betta Edu over alleged fraud
The Economic and Financial Crimes Commission (EFCC) has extended an invitation to the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, for questioning concerning alleged fraud. The invitation comes in light of her suspension by President Bola Tinubu over a contentious payment of N585.189 million to a private bank account. Betta Edu, a 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…
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…