The Economic and Financial Crimes Commission (EFCC) has clarified that it is not a regulatory or clearing agency for online businesses in Nigeria. Findings by Newsmen revealed that the promoters of Crypto Bridge Exchange, aka CBEX platform, operated under a company registered as ST Technologies International Limited. ST Technologies was registered with the Corporate Affairs Commission on 25 September, 2024, …

The Economic and Financial Crimes Commission (EFCC) and the Securities and Exchange Commission (SEC) have vowed to hunt down operators of Ponzi schemes nationwide. The Federal Government agencies declared this on Wednesday following the collapse of the digital assets platform, CBEX. The SEC revealed that it had yet to receive formal complaints about the collapsed digital assets platform, while the …

The Economic and Financial Crimes Commission (EFCC) has arrested 19 individuals for allegedly engaging in internet fraud in Benin City, Edo State, on Saturday. As indicated in a statement posted on the agency’s X handle on Monday, the arrests were carried out by operatives of the EFCC’s Benin Zonal Directorate, who acted on reliable intelligence that pinpointed the suspects’ involvement …

The Former Minister of Petroleum, Diezani Alison-Madueke, on Monday urged the Federal High Court in Abuja to order the Economic and Financial Crimes Commission to retrieve her seized assets from their current buyers. The former minister specifically requested that the court direct the anti-graft agency to recover the seized properties from the individuals or entities to whom they were sold. …

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for greater commitment, integrity, and professionalism from operatives of the Commission as it intensifies efforts to combat economic and financial crimes in the country. Speaking after a three-day Management Retreat for EFCC Directors in Uyo, Akwa Ibom State, on Saturday, Olukoyede stressed that the agency’s effectiveness …

Operatives of the Economic and Financial Crimes Commission, Kaduna Zonal Directorate, have arrested 31 suspected illegal miners in Jos, the Plateau State capital. The suspects, including four Chinese nationals and 27 Nigerians, were apprehended on Saturday, March 8, 2025, during a raid at the premises of Jiasheng Nigeria Limited, located at Dura Rayfield, Mangu Road, Jos. The EFCC, in a …

Udom Emmanuel, a former governor of Akwa Ibom, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged N700 billion fraud. It was reported that the former governor was taken into custody shortly after he arrived at the EFCC headquarters in Abuja on Tuesday around 12:30 pm. Emmanuel was at the EFCC headquarters to honour …

The Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, disclosed that he turned down offers of about N500 million 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 levels: Sustaining the …

The Journalists Against Corruption (JAC), a non -governmental, not-for-profit advocacy group, has called on western countries, especially European American, Spanish, Swish and other nations, whose citizens were duped by Nigerians but had their funds and properties returned to them recently by the Economic and and Financial Crimes Commission (EFCC) to reciprocate the Nigerian government gesture. It will be recalled that …

In the bid towards reducing financial crimes and fraudulent transactions in the real estate and mortgage sectors, the Institute of Mortgage Brokers and Lenders in Nigeria (IMBLN) has signed a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC). The official signing of MoU held at the EFCC headquarters is in line with the Institute’s establishment Act …