Fraud – City Business News

February 17, 2026 No Responses

EFCC Arraigns Husband, Wife For N740m Investment Fraud

The Economic and Financial Crimes Commission, EFCC on Monday, February 16, 2026, arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, Osabohein Alex Ologbose, alongside his wife Hope Onome Oghelemu before Justice Ekerete...

January 29, 2026 No Responses

EFCC Arraigns BFI Group Corporation, Six Others For Alleged €100m Fraud

The Economic and Financial Crimes Commission, EFCC, on Thursday, January 29, 2026 arraigned BFI Group Corporation, Reuben M. Jaja, Uzor Chidi Jerry, David Femi James, Imeobong Jumbo Udom, Adeola Edward and Emeka Emmanuel Okorie before Justice M.S Idris of the....

January 28, 2026 2 Responses

Police Uncover Alleged₦7.7b Telecom Fraud, Arrest Six Suspects

The Nigeria Police Force – National Cybercrime Centre (NPF–NCCC) has uncovered and dismantled a sophisticated cyber-enabled fraud syndicate.A statement issued on Wednesday explained that the syndicate was responsible for the illegal diversion of a telecomm...

January 27, 2026 No Responses

EFCC Arraigns Former NEDC National Coordinator for Alleged N2.2b Fraud

The Economic and Financial Crimes Commission, EFCC, on Tuesday. January 27, 2026 arraigned the former National Coordinator of Multi-Sectoral Crisis Recovery Project, MCRP, North East Development Commission, NEDC, Alhaji Danjuma Mohammed and two others; Prince ...

January 22, 2026 No Responses

EFCC Tackles Banks In N18.7b Fraudulent Investment, Airline Discount Schemes

The Economic and Financial Crimes Commission, EFCC, has raised the alarm about negligence and compromise of banks and Fintechs in two major fraudulent schemes that have cost victims a total sum of N18.7billion.The alarm was raised in Abuja on Thursday,...

January 20, 2026 No Responses

Edo Court Jails Man For N1.5b Fraud

The Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday January 19, 2026 secured the conviction and sentence of Ojo Eghosa Kingsley before Justice W. I. Aziegbemhin of Edo State High Court, sitting in Benin City.Kingsley...

January 15, 2026 No Responses

EFCC Tenders More Bank Records In Trial Of Yahaya Bello

The trial of former Kogi State Governor, Yahaya Adoza Bello before Justice Maryanne Anineh of the Federal Capital Territory, FCT, High Court, Maitama, Abuja continued on Thursday, January 15, 2026 with the Economic and Financial Crimes Commission, EFCC, tender...

December 12, 2025 No Responses

EFCC Arraigns Peace Corps Commandant, Director For Alleged N60m Fraud

The Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday 11, December, 2025, arraigned the Commandant of the Nigeria Peace Corps, Dickson Akon and the Director of Finance of the Corps, Omolala Aminat Ahmed, before Justice....

December 2, 2025 No Responses

EFCC Arrests Man For Alleged N165m Fraud

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested one Ndubisi John Iheukwumere for alleged property fraud.Iheukwumere, 64, is alleged to have collaborated with one Mrs Salt Adaeze Udoka who is curren...

November 28, 2025 No Responses

Alleged N76bn, $31.5m Fraud: EFCC Presents Fourth Witness Against Ex-AMCON MD, Others

The Economic and Financial Crimes Commission, EFCC, on Friday, November 28, 2025, presented its fourth prosecution witness, PW4, Bawa Usman Kaltungo, in the ongoing trial of a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahm...

November 14, 2025 No Responses

EFCC Arraigns Ex-Access Bank Staff For Alleged Diversion Of Customer’s $510,000

The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, November 13, 2025 arraigned one Obinna Nwaobi, a former Head of Operations at Access Bank Nigeria Plc before Justice F. O. Giwa-Ogunbanjo of the Federal High...

October 27, 2025 No Responses

EFCC Arraigns Man Over Alleged ₦1.07b Automotive Gas Oil Fraud

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Monday October 27, 2025 arraigned one Ajayi Edward Olushola alongside his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, for alleged involvement ...

October 3, 2025 No Responses

EFCC Arraigns Woman For N240.5m Forex Fraud

The Economic and Financial Crimes Commission, EFCC, on Thursday, October 2, 2025, arraigned one Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory, FCT, High Court, Apo, Abuja, on a one-count charge of criminal breach of trust...

August 20, 2025 No Responses

Court Freezes Four Accounts Linked To Ex-NNPCL Boss, Kyari

The Federal High Court sitting in Abuja has ordered the temporary freezing of four Jaiz bank accounts linked to the immediate-past Group Managing Director (GMD) of Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari, over allegations of fraud. J...