Tags: efcc

EFCC Arraigns Siblings for Diverting N55m Raised for Cancer Patients

The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned two siblings for allegedly diverting donations of over N55m meant to assist cancer patients. The duo, Michael Yusuf Michael and Martha Daniel Yusuf were arraigned before Justice Hannnatu A.L Balogun on an eight count charge bordering on obtaining by false pretence.…

Bureau de Change Operator Docked for N43.3m Fraud

The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri. He was arraigned on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred…

$350,000 Fraud: Court Freezes Gov. Abiodun’s Aide’s Bank Accounts, Seizes Properties

Justice Tijjani Garba Ringim of the Federal High Court sitting in Ikoyi, Lagos has ordered the interim forfeiture of the funds as well as properties traced to the suspended aide to Governor Dapo Abiodun of Ogun State, Abidemi Rufai. Justice Ringim gave the order, following an ex parte application filed by the Economic and Financial…

EFCC to Arrest Celebrities, Social Media Influencers Promoting Investment Scams

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has warned celebrities and social media influencers to stop promoting fraudulent businesses or face arrest. Speaking during an engagement at the Commission’s headquarters in Abuja, the EFCC boss urged them to use their platforms and crafts to educate Nigerians and promote the fight…

EFCC Urges Banks To Investigate Customers’ Sources Of Income

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has urged banks in the country to investigate the kind of businesses their potential customers does before opening an account for them. Bawa made this known on Tuesday when members of the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, led…

Bawa Warns Bank Chiefs against Fraudulent Election Financing, Forex Malpractices

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has sought greater collaboration with financial institutions in the country as a way of tackling fraudulent election financing, foreign exchange malpractices and money laundering. Speaking on Thursday, August 19, 2021 during an interactive session with managing directors of banks in Nigeria at the…

N31.8m Scam: Abuja Developer Arraigned for Selling Land to 30 Clients

The Economic and Financial Crimes Commission, Abuja Zonal Command on Wednesday, August 18, 2021 arraigned Princess Carol Ngozi alongside her company, Carolina Luxury Homes. She was arraigned before Justice Hamza Muázu of the High Court of the Federal Capital Territory, Maitama Abuja on a 30-count charge bordering on obtaining by false pretence. She allegedly on…

Microfinance Bank MD Bags Five Years for N4.7m Scam

Justice M.M. Abubakar of Bauchi State High Court, Bauchi on Monday, August 11, 2021 convicted and sentenced Sarita Aliyu Hello, Managing Director of Workman Microfinance Bank, Bauchi, to four years imprisonment. She was sentenced on a two -count charge bordering on misappropriation and forgery brought against her by the Economic and Financial Crimes Commission, EFCC.…