The Economic and Financial Crimes Commission on Tuesday re-arraigned five family members at an Ikeja Special Offences Court for allegedly stealing N242.4 million. The accused are Chisom Obiakor, Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo and Ifeanyi Nwokemodo, brought before Justice Mojisola Dada. The case began afresh before Justice Rahman Oshodi but was later transferred to…
An Ikeja Special Offences Court on Tuesday revoked the bail of agrorite promoter, Toyosi Ayodele, for presenting a forged medical report in an attempt to obstruct trial proceedings. The News Agency of Nigeria (NAN) reports that Ayodele is facing charges of N600 million and $50,000 agribusiness investment fraud. The defendant, alongside his companies, Reaprite Global…
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Abel Sokari and Nkeiruka Chukwuma, before an Ikeja Special Offences Court for allegedly attempting to fraudulently obtain €49 million from First Bank of Nigeria (FBN). Sokari and Chukwuma were arraigned alongside a company, Zakah Global Investment Ltd., on a six-count charge bordering on attempted fraud,…
A former Executive Director of Credits at the Asset Management Corporation of Nigeria (AMCON), Mr Muhammed Jega, told an Ikeja Special Offences Court that Arik’s debt fell under the category of non-performing loans. Jega stated this while being cross-examined at the ongoing trial of former AMCON Managing Director, Ahmed Kuru, and four others charged with…
Umar Isa, former Chief Finance Officer (CFO), Nigeria National Petroleum Company Limited (NNPCL), has denied the claim of his Monday arrest by the EFCC over alleged fraud. The former NNPCL CFO in a statement on Wednesday described his purported arrest over alleged 7.2 billion dollars fraud by the Economic and Financial Crimes Commission (EFCC) as…
A 34-year-old man, Samuel Ashibuogwu, on Tuesday appeared before an Ojo Magistrates’ Court in Lagos, over an alleged fraudulent conversion of proceeds from the sale of an iPhone valued N850,000. The defendant is facing a two-count charge bordering on fraudulent conversion and stealing of proceeds from sale of iphone. He, however, pleaded not guilty to…
The Nigeria Security and Civil Defence Corps (NSCDC) command in Bauchi State, has apprehended three suspects and a truck over alleged theft of railway sleepers. The Commandant, Oloyede Oyerinde said at a news conference on Tuesday in Bauchi that the railway sleepers were concealed under bags of rice offal. Oyerinde said that the suspects were…
Two individuals accused of orchestrating a billion-dollar investment scam through a cryptocurrency platform have been formally charged by Nigeria’s anti-graft agency. The Economic and Financial Crimes Commission (EFCC) filed a three-count criminal charge at the Federal High Court in Abuja against Avwerosuo Otorudo and Chukwuebuka Ehirim, alleged promoters of Crypto Bridge Exchange (CBEX), a platform…
The absence of two Abuja-based lawyers, Victor Giwa and Ibitade Bukola, in a Federal Capital Territory (FCT) high court, on Monday stalled their arraignment over allegations bordering on forgery and impersonation. In the charge marked CR/150/25 filed by the Inspector-General of Police, the lawyers are accused of conspiring to forge a legal document purportedly issued…
The Osun State Security Network Agency (Amotekun Corps) says it has apprehended six suspects for alleged house breaking and stealing. A statement by the state spokesperson, Yusuf Idowu, on Sunday said three of the suspects were involved in the theft of iron steel valued at over N4.5 million from a steel company in Ede. “The…
