Fraud – City Business News

May 4, 2026 No Responses

EFCC Arraigns Former SKye Bank Chairman, Tunde Ayeni For N15.6b Alleged Fraud

The Economic and Financial Crimes Commission, EFCC, on Monday, May 4, 2026, arraigned a former Chairman, Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni before Justice Jude Onwuzuruike of the Federal Capital Territory, FCT, High Court, Apo,...

April 27, 2026 No Responses

Alleged $6.23b Fraud: Witness Tells Court Funds Were Siphoned from CBN For ‘Foreign Observers’

A prosecution witness, Chinedu Eneanya, on Monday told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja, that a total sum of $6.23 billion was allegedly siphoned from the coffers of the Central Bank of Nigeria...

April 9, 2026 No Responses

EFCC Busts Yahoo Academy In FCT

The Economic and Financial Crimes Commission, EFCC, on Thursday, April 9, 2026 arrested 31 suspected internet fraudsters in a sting operation at an internet fraud academy, situated in Becki Estate, Karu, Federal Capital Territory, Abuja.The suspects, comprisin...

March 31, 2026 No Responses

Alleged N1.4b Fraud: EFCC Re- arraigns Nadabo Energy Boss

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, March 31, 2026, re-arraigned Nadabo Energy Boss, Abubakar Ali Peters, for an alleged N1.4 billion oil fraud before Justice Ismail Ijelu of the Lagos State...

March 8, 2026 No Responses

EFCC Arraigns Four For Alleged N2bn Oil Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Ikoyi, on Friday, March 6, 2026, arraigned the quartet of Babatunde Olukunle Oyefolu, Babayemi Isaac Olatunde Ezekiel Abaki and Plural Oil Marketing Limited for an alleged N2bn oil ...

March 3, 2026 No Responses

EFCC Arraigns Bankers For Alleged $306,667.81, €50,250 Fraud

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fra...

February 25, 2026 No Responses

Court Jails Woman Seven Years For N5.6m Fraud

Justice Maryam Sabo of the Kano State High Court sitting in Kano has convicted and sentenced Ebonine Rita Uzoamaka to seven years imprisonment for obtaining the sum of N5,600,000.00k( Five Million, Six Hundred Thousand Naira) by false pretence.The convict was....

February 17, 2026 No Responses

Court Jails Woman For Investment Fraud

The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of one Janet Theophilus Danjuma before Justice S. M. Shuaibu of the Federal High Court sitting in Kano for investment fraud to...

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 Oghe...

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...