Fraud – City Business News

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...

August 7, 2025 No Responses

EFCC Arraigns Katsina Revenue Officials, First Bank Staff For Alleged N1.2b Fraud

The Kano Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, August 5, 2025 arraigned five officials of the Katsina State Board of Internal Revenue and one bank staff before Justice Musa Danladi of the Katsina State High...

July 17, 2025 No Responses

EFCC To Appeal Court’s Acquittal Of Fayose Over Alleged ₦6.9b Fraud

The Economic and Financial Crimes Commission (EFCC) is to appeal the judgement of the Federal High Court sitting in Ikoyi, Lagos, which on Wednesday acquitted and discharged former Ekiti State Governor, Ayodele Fayose, of alleged ₦6.9 billion fraud. In a...

July 14, 2025 No Responses

EFCC Seals Hampton Hilton Hotel

The Special Control Unit against Money Laundering, SCUML, of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has sealed Hampton Hilton Hotel and Apartments, Kaduna.According to EFCC, the facility was sealed for non-complianc...

July 8, 2025 No Responses

EFCC Probes Suspect Over Undeclared $420,900, £5,825, CFA3,946,500

The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has commenced a comprehensive investigation into the case of one Ahmad Salisu, arrested by the Nigeria Customs Service, NCS, for allegedly concealing and failing to declare the s...