Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes. A statement on Monday by the EFCC’s head of Media and Publicity, Dele Oyewale, said Sunday’s fraudulent scheme involved recruiting young individuals to open multiple bank…
The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account. The latest development represents yet another…
Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65 per…
A lawmaker representing Obokun/Oriade federal constituency of Osun State in the House of Representatives, Oluwole Oke, has apologied to ex-governor Gboyega Oyetola over a petition written to Economic and Financial Crimes Commission by one of his constituents. In a Facebook post on Wednesday, Oke faulted the Osun State Government’s petition to the anti-graft agency. The…
A pair of US astronauts stuck for more than nine months on the International Space Station will be returned to Earth on Tuesday evening, NASA said. Butch Wilmore and Suni Williams are to be transported home with another American astronaut and a Russian cosmonaut aboard a SpaceX Crew Dragon craft, which arrived at the ISS…
NNPCL and Dangote Refinery have commenced negotiations to renew their naira-for-crude oil agreement, which is scheduled to expire on March 31, 2025. This move follows the refutation by NNPCL of reports alleging the deal’s suspension until 2030. NNPCL clarified that the initial agreement, a six-month pilot program initiated in October 2024, saw Dangote Refinery receiving…
The Economic and Financial Crimes Commission (EFCC) has charged former Abia State Governor Theodore Orji and his son, Chinedum, with 16 counts of misappropriating N47 billion. Appearing before the Abia State High Court on Friday, Orji, his son, former Commissioner of Finance Dr. Philip Nto, government contractor Obioma King, and former Director of Finance Romas…
The Chairman of the Economic and Financial Crimes Commission, Olanipekun Olukoyede, disclosed that he turned down offers of about N500m from various individuals during his mother’s funeral in 2019. Olukoyede spoke at the 38th Anti-Corruption Situation Room in Abuja on Thursday with the theme: Ethics, Integrity, Corruption Risk Assessments and Anti-Corruption at National and Sub-National…
The Economic and Financial Crimes Commission has alerted the public about fraudulent activities involving fake TikTok accounts impersonating the agency. In a statement on Thursday, EFCC spokesperson, Dele Oyewale, explained that the commission does not operate a TikTok account. He revealed that fraudsters organised a live session on the platform using the commission’s logo to…
The Economic and Financial Crimes Commission (EFCC) has brought charges against Jude Okoye, the elder sibling and former manager of Paul and Peter Okoye from the now-defunct music group P-Square, for allegedly laundering ₦1.38 billion, $1 million, and £34,537.59. It is worth noting that Okoye appeared in court alongside his company, Northside Music Ltd, before…
