Tag: Fraud

EFCC Arraigns Man For Alleged N600m, $50,000.00 Fraud
August 19, 2024 No Responses

EFCC Arraigns Man For Alleged N600m, $50,000.00 Fraud

The Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, August 19, 2024, arraigned one Ayodele Toyosi for an alleged investment fraud before Justice A.M. Lawal of the Lagos State High Court sitting in Ikeja.The defendant was...
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UBA, Four Others Face $900k Fraud Charges
August 13, 2024 No Responses

UBA, Four Others Face $900k Fraud Charges

United Bank for Africa (UBA) Plc has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000 young legal practitioners across Nigeria, by...
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NIMASA: Court Orders Final Forfeiture Of $16,500, ₦127m
July 10, 2024 No Responses

NIMASA: Court Orders Final Forfeiture Of $16,500, ₦127m

The Federal High Court in Lagos has ordered the final forfeiture of $16,500 and another ₦127m fraudulently diverted from the Nigerian Maritime Administration and Safety Agency (NIMASA). The monies are to be forfeited to the Federal Government of Nigeria...
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EFCC Arrests Ex-Union Bank Staff Over Alleged Fraud
June 23, 2024 No Responses

EFCC Arrests Ex-Union Bank Staff Over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested two former employees of Union Bank for allegedly stealing N4.1 million from the account of a deceased customer.The suspects, Idah Ogoh and Agbo Okwute, were apprehended in Makurdi on June 14,...
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EFCC Secures Final Forfeiture of 20 Properties, 10 Vehicles, Others For Arthur Eze
June 10, 2024 No Responses

EFCC Secures Final Forfeiture of 20 Properties, 10 Vehicles, Others For Arthur Eze

The Economic and Financial Crimes Commission, EFCC has through the Court of Appeal, Abuja recovered 20 properties, 10 vehicles and three princely wristwatches from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze for a petitioner, Arthur Eze. In a final...
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Court Grants Final Forfeiture of University, Hotel, Factory
June 8, 2024 No Responses

Court Grants Final Forfeiture of University, Hotel, Factory

Justice Joyce Abdulmalik of the Federal High Court sitting in Abuja, on Friday, June 7, 202 ordered the final forfeiture of every asset of NOK University, Gwasmyen Water Factory, Gwasmyen Event Center and Gwasmyen International Hotel in Kaduna State.The Econom...
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Alleged Tax Evasion: EFCC Arraigns TSTV MD, Others
June 7, 2024 No Responses

Alleged Tax Evasion: EFCC Arraigns TSTV MD, Others

The Federal Government has arraigned two chief executives of Telecom Satellites Limited (TSTV), over alleged tax evasion, money laundering and advanced fee fraud offences, before Justice Inyang Ekwo of the Federal High Court, Abuja. They are Bright Echefu...
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Alleged N5.8b Fraud: EFCC Arraigns Sirika, Brother, Firms
May 24, 2024 No Responses

Alleged N5.8b Fraud: EFCC Arraigns Sirika, Brother, Firms

Former Minister of Aviation, Mr. Hadi Abubakar Sirika, his brother Ahmad Abubakar Sirika and two companies Enginos Nigeria Limited and Samahah Integrated Investment Limited were, on Thursday, May 23, 2024 arraigned by the Abuja Zonal Command of the Economic an...
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Court Jails Ex-FCMB Manager 121 Years For N112m Fraud
May 4, 2024 No Responses

Court Jails Ex-FCMB Manager 121 Years For N112m Fraud

Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting...
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Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud
April 23, 2024 No Responses

Court Frees Ex-NIMASA DG Over Alleged ₦8.5b Fraud

The Federal High Court sitting in Lagos has freed a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, over an alleged ₦8.5bn fraud brought against him by the Economic and Financial Crimes C...
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EFCC Declares Yahaya Bello Wanted Over Alleged N80.2b Fraud
April 19, 2024 No Responses

EFCC Declares Yahaya Bello Wanted Over Alleged N80.2b Fraud

Former Governor of Kogi State, Yahaya Bello has been declared wanted by the Economic and Financial Crimes Commission (EFCC) over alleged N80.2 billion fraud.   EFCC called on those with vital information about the former Kogi governor’s whereabouts...
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FG Warns Against Obstruction Of EFCC From Lawful Duty
April 18, 2024 No Responses

FG Warns Against Obstruction Of EFCC From Lawful Duty

The Minister of Justice and Attorney-General of the Federation, Lateef Fagbemi, SAN has warned against obstructing the Economic and Financial Crimes Commission (EFCC) from carrying out its lawful duty.Fagbemi gave the warning Thursday in a statement released i...
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Zenith Bank Denies MD’s Arrest
January 11, 2024 No Responses

Zenith Bank Denies MD’s Arrest

Zenith Bank Plc has refuted claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested and held by the anti-graft agency, the Economic and Financial Crimes Commission, in relation to alleged fraud at the Ministry of Hum...
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Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’
January 9, 2024 No Responses

Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’

The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs.  An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...
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