Fraud Archives — Page 2 of 6 — City Business News

January 29, 2025 No Responses

FCT-IRS Seeks EFCC’s Collaboration In Tackling Tax Fraud

The Federal Capital Territory Internal Revenue Services (FCT-IRS) has called on the Economic and Financial Crimes Commission, EFCC, to assist it in tackling tax liability of suspects being investigated for any form of economic and financial crime and other acts...

January 23, 2025 No Responses

$6bn Alleged Fraud: Court Grants EFCC`s Move To Amend Charges Against Agunloye

Justice Jude Onwuegbuzie of the Federal High Court, Federal Capital Terrirory sitting in Apo, Abuja on Thursday, January 23, 2025 granted the prayers of the Economic and Financial Crimes Commission, EFCC to amend charges brought against a formerMinister of Pow...

January 23, 2025 No Responses

Alleged N33.8b Fraud: How I Received More Than N22b From Federal Ministry Of Power, By BDC Operator

The trial of former Minister of Power, Saleh Mamman continued on Wednesday, January 22, 2025 at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission, EFCC presenting its 8th witness, PW8....

January 20, 2025 No Responses

Alleged ₦76b Fraud: Court Grants Bail To Former AMCON MD, Others

An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million...

January 20, 2025 No Responses

Alleged 76b, $31.5m Fraud: EFCC Arraigns Ex- AMCON MD, Arik Air MD, Union Bank, Others

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025, arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver...

January 17, 2025 No Responses

Alleged N1.96bn Fraud: Court Slates Jan 31 For Ex- AGF’s Trial

Justice James Omotosho of the Federal High Court, Maitama, Abuja has fixed January 31, 2025 for the trial of the formerActing Accountant General of the Federation, AGF, Anamekwe Nnabuoku for alleged multiple financial fraud to the tune of N1.96billion.Nnabuo...

January 14, 2025 No Responses

Alleged N33.8bn Fraud: EFCC Presents Four More Witnesses Against Saleh Mamman

The Economic and Financial Crimes Commission, EFCC, on Monday, January 13, 2025 presented four more witnesses in the ongoing trial of former Minister of Power, Saleh Mamman before Justice James Omotosho of the Federal High Court, Abuja. Mamman is being.....

December 24, 2024 No Responses

EFCC Arraigns Businessman For Alleged $35m Fraud

The Economic and Financial Crimes Commission, EFCC, on Monday, December 24, 2024, arraigned a businessman, Akindele Akintoye before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on charges bordering on money laundering and contract fraud.Akint...

December 24, 2024 No Responses

Yuletide: Ecobank Assures Customers Of 24h Digital Banking Access, Warns Against Fraud

As Nigerians prepare for the year-end festivities, Ecobank Nigeria has guaranteed its customers uninterrupted access to banking services through its digital platforms throughout the holiday season. The Bank also cautioned customers to remain vigilant against f...

November 23, 2024 No Responses

EFCC Warns Banks Against Fraudulent Practices

The Economic and Financial Crimes Commission (EFCC) has warned banks against making themselves available as instruments of fraud.The warning was handed down on Friday when the management team of Moniepoint, led by its founder and Group CEO, Tosin Eniolorunda p...

November 19, 2024 No Responses

N43.5m Fraud: Court Jails NOGASA Chairman, Fatuyi 21 Years

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m ...

November 14, 2024 No Responses

$700,000 Fraud: EFCC Arraigns Syndicate Impersonating Olukoyede

The Economic and Financial Crimes Commission, EFCC, has arraigned two members of an alleged syndicate, Ojobo Joshua and Aliyu Hashim for attempted fraud and impersonating the Executive Chairman of the Commission, Ola Olukoyede. They were arraigned on Wed...

November 14, 2024 No Responses

EFCC Beams Fresh Searchlights on Insurance Fraud

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has declared the resolve of the Commission to beam stronger searchlights on the nation’s insurance industry. He made the declaration in Abuja on Wednesday, Novemb...

October 13, 2024 No Responses

Air Peace CEO, Allen Onyema Reacts To Alleged US Fraud Case

“Our legal team is fully engaged with the matter and is working tirelessly to ensure that justice prevails”, the management of Air Peace declared on Sunday while reacting to alleged fraud in the United States.The statement added:“We remain confident ...