Lagos: EFCC arrests 10 for alleged internet fraud

The Economic and Financial Crimes Commission (EFCC) has arrested 10 persons for alleged involvement in internet fraud. The suspects are Jonathan Daniel Adebayo, Lawal Waidi Seun, Adeosun Joseph, Taiwo Gbemileke, Oseni Omotayo, Emmanuel Fakiyesi, Rasheed Ogunlana, Oladunni Segun, Sowunmi Rotimi and Efetobore Prince Wilfred. They were nabbed during an early morning operation in the Alagbado... Continue Reading →

NSE blacklists two persons for fraud

The authorities of the Nigerian Stock Exchange (NSE) have blacklisted two persons and included them among those not suitable to execute capital market operations. A regulatory document obtained on Monday revealed that the NSE blacklisted Uduma Arunsi, a stockbroker and executive director of Royal Trust Securities Limited, for selling shares belonging to investors without their consents, and... Continue Reading →

N32.9b ‘fraud’: Mompha has case to answer, says court

A Federal High Court in Lagos on Thursday dismissed a ‘no case’ application filed by a social media celebrity facing a N32.9 billion fraud charge, Mr Ismail Mustapha, alias Mompha. Justice Mohammed Liman held that the evidence and testimonies of the Economic and Financial Crimes Commission (EFCC) witnesses established a prima facie case against Mompha,... Continue Reading →

Forensics expert calls for Nigeria to fully adopt biometrics in criminal investigations

Those championing such calls are arguing that this is even more important for a country that has a very high and growing rate of criminality, especially in the urban centers. A recent argument as to why Nigeria should adopt forensic science in criminal investigation processes is made in an editorial in Nigerian daily newspaper Vanguard. In... Continue Reading →

Ex-FIRS Chairman, Babatunde Fowler returns to EFCC over N9.2bn allegedly linked to his account

Babatunde Fowler, former Chairman of the Federal Internal Revenue Service, FIRS, on Monday returned to the Economic and Financial Crimes Commission, EFCC, for further questioning. Fowler was said to have reported at the Lagos State office of the EFCC over FIRS’s involvement in alleged financial misappropriation during his tenure. The sum of N9.2bn from Lagos... Continue Reading →

PDP says N170 fuel price unbearable

The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to reverse the increase in the pump price of fuel which increased from N159 to N170 per liter. The party in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Friday in Abuja, rejected the increase describing it as unbearable to Nigerians.... Continue Reading →

Turaki breached regulations in handling of ministry’s finances – Witness

One Vincent Odafe, the fifth prosecution witness in the trial of a former Minister of Special Duties and Intergovernmental Affairs, Taminu Turaki, for alleged N714.6 million fraud at the Federal High Court, Abuja, on Monday. The Economic and Financial Crimes Commission (EFCC) arraigned Turaki and his special assistant, Sampson Okpetu, on a 16-count charge of fraud and... Continue Reading →

BREAKING: EFCC Arrests Former FIRS Chairman, Tunde Fowler, Over Alleged N5b Fraud

The Economic and Financial Crimes Commission has arrested a former Chairman of the Federal Inland Revenue Service, Babatunde Fowler, over an alleged N5bn fraud perpetrated under his watch. Fowler, a long-time ally of the national leader of the All Progressives Congress, Asiwaju Bola Ahmed Tinubu, is currently being interrogated at the Lagos office of the... Continue Reading →

Ex-PDP Spokesman, Metuh, Jailed Seven Years, To Return N375m

The Federal High Court in Abuja on Tuesday convicted and sentenced a former National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh, to seven years’ imprisonment for money laundering arising from his activities preceding the 2015 presidential election which his party lost. Justice Okon Abang, delivering judgment at the proceedings which lasted over six... Continue Reading →

Mother, Son Jailed Three Years For Internet Fraud

The Federal High Court in Lagos, on Tuesday, sentenced one Mrs. Damilola Adeyeri and her son, Alaba, to three years’ imprisonment for defrauding an American of the sum of $82,570. Justice C. J. Aneke convicted the duo of the four counts bordering on “fraudulent business trick and email compromise” filed against them by the Economic... Continue Reading →

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