The Central Bank of Nigeria has confirmed that it opened two domiciliary accounts linked to the disputed Presidential Foreign Investment Promotion Council. According to the apex bank, the action was taken based on instructions from the Office of the Accountant-General of the Federation. The CBN stated that one of the accounts was denominated in United…
In a decisive crackdown on online fraud, the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) successfully prosecuted three individuals before Justice A. Isiaka of the Kaduna State High Court. The defendants—Aliyu Hassan, Samuel Olamide, and Solomon Joseph Christian—faced separate one-count charges related to criminal impersonation and obtaining money through deceit. Their…
The Economic and Financial Crimes Commission (EFCC) has successfully apprehended 42 suspected internet fraudsters in a sting operation in Gashua, Yobe State. The operation, carried out by the EFCC’s Maiduguri Zonal Directorate on October 1, 2025, was a result of credible intelligence regarding the suspects’ involvement in computer-related crimes. The suspects were arrested at different…
The Economic and Financial Crimes Commission (EFCC) has announced the recovery of funds from CryptoBank Exchange (CBEX), a digital investment platform implicated in a massive scam involving approximately N1.3 trillion. EFCC spokesperson Dele Oyewale stated that the commission is diligently working to recover the lost funds and bring the perpetrators to justice. To facilitate this…
Alhaji Abba Umar was arraigned before Justice Aisha Kumaliya of the Borno State High Court in Maiduguri for allegedly misappropriating land documents valued at ₦1.6 million. The Economic and Financial Crimes Commission (EFCC) accused Umar of dishonestly inducing Modu Goni Sheriff to part with a property document, which he later sold to a third party…