Iyaloja arrested for N93.8m fraud

Inspector General of Police, Solomon Arase Police in Ekiti state, western Nigeria, have arrested the market leader (Iyaloja) of Ado Ekiti, Chief Mrs Waye Osho for allegedly collecting the sum of N93,860,000 from market men and women in the state.

Why Court Ordered NDLEA, EFCC To Pay Man N2m Compensation

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In a recent ruling at a Federal High Court sitting in Lagos, the National Drug Law Enforcement Agency (NDLEA) and the Economic and Financial Crimes Commission (EFCC) have been ordered to pay the sum of two million naira to one Lawrence Ejiofor as compensation for his prolonged and unlawful detention

2 arraigned for defrauding American of $64,000

Eromosele Ebhomele Along with his partner, they conned the American of $64,000 The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned the duo of Osaze Akhigbe and Ndekwu Jindu before Justice Lawal Akapo of the Lagos State High Court, Ikeja on an 11-count charge bordering on conspiracy to obtain

Couple In Court For Alleged Fraud

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Paul Iyoghojie Operatives of the Zone 2 Command, Onikan, Lagos, western Nigeria, have arraigned a couple, Kunle Richard Shoroye, 54, and his wife Christiana Yetunde Shoroye, 49, before a Lagos Magistrates’ court for allegedly obtaining the sum of N1,560,000 from Kingsley Igwe under false pretence.

EFCC dock 2 travel agents for N70m fraud

The Economic and Financial Crimes Commission (EFCC) has arrested two officials of a travel agency for allegedly swindling and defrauding several Nigerians to the tune of N70 million.

President Buhari Never Ordered The Arrest Of His Brother Inlaw – Garba Shehu

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There have been rumors that the president ordered the Department of State Sevice, DSS, to arrest his wife’s younger brother, Musa Yola, over suspicion of fraud. In an interview with premium times, presidential spokesperson Garba Shehu, reacted to these rumors saying; “It is definitely not true, there is no iota

Two men remanded in prison over N465.7m fraud

Henry Ojelu Justice Lateef Lawal-Akapo of the Lagos High Court, Ikeja, Wednesday remanded two men at the Kirikiri Maximum Prisons for defrauding two individuals to the tune of N465.

Cyber Crime In Nigeria

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Recently, Mr Adebayo Adelabu, Deputy Governor, Financial Systems Stability, Central Bank of Nigeria, CBN, said 2.4 per cent of banking revenue was lost to fraud cases. According to Adelabu, Nigerian banks lost a total of N159 billion to electronic fraud between 2000 and the first quarter of 2013, while Africa

Okiro And A Failed Blackmailing Scheme

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By Thomas Adegoke Retired Inspector-General of Police Mr. Mike Okiro, hit the nail on the head over the hullabaloo regarding the N275.

N8bn CBN Fraud: Court Refuses Suspects Bail

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THE countenances of staff of the Central Bank of Nigeria, CBN and other commercial banks who are standing trial over alleged fraud running into billions of Naira fell yesterday as a Federal High Court in Ibadan refused their bail applications, describing their offence as mind-boggling and a capital offence against

Fresh 50 Counts Of Fraud Filed Against Fmr Gov. Sylva Of Bayelsa

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Anti-graft agency, the Economic and Financial Crimes Commission has filed fresh corruption charges against former governor of Bayelsa State, Timipre Sylva before a the Federal High Court, Abuja. This was revealed by EFCC’s Head, Media and Publicity, Mr.

Microfinance Bank In Trouble Over N750m Deposit

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Henry Ojelu A consulting firm, OG Consulting has petitioned the Economic and Financial Crimes Commission, EFCC, over a N750 million fraud allegedly perpetrated by a Lagos-based Micro Finance Bank, Resort Savings and Loans Plc against one of its clients.