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EFCC Arraign 2 Firms On Alleged N47.9m, $300,000 Fraud

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned two companies, JBA Advisory Ltd. and Platform Capital Investment Partners Ltd over alleged fraudulent retention of funds totaling N47.9 million and $300,000. EFCC arraigned the two companies before Justice Olubusola Okunuga on two-count charge bordering on retention of stolen property. One of the counts read…

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Alleged Money Laundering: Court Adjourns EFCC’s Case Against Ali Bello Until May 23

The Federal High Court in Abuja, on Wednesday adjourned the money laundering case instituted by the Economic and Financial Crimes Commission (EFCC) against Ali Bello and co-defendant, Dauda Sulaiman, until May 23. Justice James Omotosho adjourned the matter after taking the testimonies of two prosecution witnesses, identified as bank officials. Bello, who is currently the…

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EFCC Arraigns Man For Alleged N45m Theft

An Ikeja Special Offences Court on Wednesday remanded a man Ntai Bagshaw for allegedly stealing N45 million. Justice Olubusola Okunuga remanded Bagshaw at the EFCC custody and adjourned the case until May 22 for hearing of his bail application and commencement of trial. The News Agency of (NAN) reports that Bagshaw was arraigned alongside his…

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EFCC Traces Laundered $300,000 To Yahoo Boy

The Economic and Financial Crimes Commission (EFCC) said it has traced over 300,000 dollars, laundered to a suspected internet fraudster. A statement by Mr Dele Oyewale, the Spokesperson of the EFCC on Tuesday in Abuja said the suspect was among the 35 suspects arrested Sunday in Auchi area of Edo. Oyewale said the arrest was…

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EFCC Explains Arrest, Detention Of VDM

The Economic and Financial Crimes Commission (EFCC) said it arrested and detained, Martins Otse, popularly known as VeryDarkMan (VDM) over his repeated refusal to honour several invitations extended to him. A statement by Mr Dele Oyewale, the Spokesperson of the EFCC on Tuesday in Abuja said Otse, a Social Media Influencer was invited over allegations…

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Court Orders EFCC To Pay Certification Fee For Documents In Ex-aviation Minister’s ‘Trial

An FCT High Court on Monday ordered the Financial Crimes Commission (EFCC) to pay the required fees for certification of some documents it tendered as exhibit in trial of former Aviation Minister, Hadi Sirika, and three others. Sirika is charged alongside, his daughter, Fatima, son-in-law, Jalal Sule Hamma and Al-Buraq Investment Limited. Sirika, according to…

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