NIMC Warns Nigerians Against Selling NIN, Cites Security Risks and Legal Consequences
The National Identity Management Commission (NIMC) has cautioned Nigerians against selling or sharing their National Identification Number (NIN) and other personal details, warning that such actions pose serious security risks and could lead to severe consequences.This warning follows a disclosure by the Economic and Financial Crimes Commission (EFCC), which revealed a growing trend where young […]
EFCC Raises Alarm Over Rising Virtual Assets, Investment Fraud in Africa
…Warns crypto-enabled scams may outpace money laundering The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned that virtual assets and investment fraud is fast emerging as one of Africa’s most dangerous criminal threats, with the potential to surpass traditional money laundering. Olukoyede made the statement in Port Harcourt during […]
EFCC Exposes Massive Fraud at NNPCL, Pushes for Unexplained Wealth Law
The Economic and Financial Crimes Commission (EFCC) has uncovered what its Chairman, Ola Olukoyede, described as “mind-boggling” corruption within the Nigerian National Petroleum Company Limited (NNPCL). Speaking at the National Conference on Public Accounts and Fiscal Governance in Abuja on Wednesday, Olukoyede revealed that a recent probe into the oil and gas sector, including NNPCL […]
EFCC Arraigns Medical Doctor for Alleged Visa Fraud in Port Harcourt
The Economic and Financial Crimes Commission (EFCC) has arraigned a Port Harcourt-based Medical Doctor before a Federal High Court, sitting in Port Harcourt, Rivers State, for Visa fraud.The Port Harcourt Zonal Directorate of the EFCC arraigned Dr. Nekabari Nathan alongside his Global Horizons Academy Limited before Justice P. I Ajoku on a One-Count charge. Bordering […]
EFCC Arraigns Oil Magnate in Port Harcourt for Alleged N750 million Bank Fraud
The Economic and Financial Crimes Commission, EFCC, has arraigned Ugochukwu Nwaemere before a Federal High Court sitting in Port Harcourt, for alleged conspiracy, forgery and obtaining money under false pretence to the tune of Seven Hundred and Fifty Million Naira.In a Press Statement by the EFCC, the Defendant was brought before Justice E.A Obile on a […]
EFCC Cautions Tompolo’s Video, Cites AI Manipulation Concerns
The Economic and Financial Crimes Commission (EFCC) has urged Nigerians to exercise restraint and avoid premature condemnation of Chief Government Ekpemupolo, widely known as Tompolo, following a viral video alleging naira abuse. The commission stated that the video in question is currently undergoing forensic analysis, raising concerns about potential manipulation through artificial intelligence.The viral footage, […]
EFCC Cracks Down on Mother-Son Duo for N64.4m Fraud
The EFCC’s Port Harcourt Zonal Directorate arraigned Ifeoma Joe and her son, Chima Mike Nmerem, before Justice P. I. Ajoku for a N64.4 million fraud involving conspiracy, misrepresentation, and advance fee fraud. They allegedly deceived a US-based petitioner by posing as associates of Evangelist Uma Ukpai, extracting funds for fake spiritual cleansing and legal settlements […]
EFCC Re-arraigns Omatsuli Over Alleged N3.6bn Fraud
The Economic and Financial Crimes Commission (EFCC) on Monday, May 19, 2025, re-arraigned Tuoyo Omatsuli, a former Executive Director of Projects at the Niger Delta Development Commission (NDDC), before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos, over an alleged N3.6 billion fraud. Omatsuli is standing trial alongside Francis Momoh, Don Parker […]
EFCC Denies Role In VeryDarkMan’s Arrest
The Economic and Financial Crimes Commission (EFCC) has refuted reports about explaining the reasons behind VeryDarkMan’s arrest, labelling them as fake news. According to reports, VeryDarkMan was arrested following complaints about his social media activities, which may contravene the Cybercrimes Act of 2015. The EFCC denied reports on its social media accounts, sharing photos of […]
The EFCC’s Reign of Impunity
Nigeria’s Economic and Financial Crimes Commission (EFCC) was established in 2003 with a noble mandate: to combat corruption, financial crimes, and money laundering. Under its first chairman, Nuhu Ribadu, the agency earned international accolades for its bold prosecutions of high-profile politicians and fraudsters. But today, the EFCC has degenerated into a grotesque parody of its […]
E-Money Arrested by EFCC Over Naira Abuse Claims.
E-Money, a popular Lagos socialite, was arrested by the Economic and Financial Crimes Commission (EFCC) on Monday night at his residence in Omole, Lagos. The arrest was due to allegations of Naira abuse and defacing foreign currencies, specifically spraying US dollars, which violates the Foreign Exchange Act. Reason for his arrest as stated by the […]
EFCC Assures CBEX Investors of Fund Recovery
The Economic and Financial Crimes Commission (EFCC) has guaranteed that investors in the CBEX digital trading platform will retrieve their money. The platform, which promised a 100% return on investment, faced a crisis when investors couldn’t withdraw their funds, leading to public outcry and even looting of its Ibadan office. The EFCC claims it was […]