The Economic and Financial Crimes Commission (EFCC) has declared one foreign national, Elie Bitar wanted for his alleged involvement in a cryptocurrency fraud linked to the online trading platform, Crypto Bridge Exchange. According to an official bulletin issued by the Commission, Bitar, 41, is wanted for a suspected fraudulent scheme carried out via CBEX, which has reportedly defrauded multiple unsuspecting …

The Federal High Court in Abuja on Wednesday ordered the Economic and Financial Crimes Commission (EFCC) to within 24hrs release socialite and business woman, Aisha Achimugu. Justice Inyang Ekwo in a short ruling also added that parties in the suit especially the EFCC are to report to the court to give report on compliance to the order of court on …

After hours of questioning by operatives of the Economic and Financial Crimes Commission (EFCC), a popular Lagos socialite, Emeka Okonkwo (a.k.a. E-Money) purportedly regained his release on Tuesday evening. E-money had been picked on Monday night at his residence in the Omole area of Lagos and taken to the commission’s office in Abuja for questioning. E-Money was arrested by operatives …

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a popular Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money), for allegedly abusing the Naira note. It was gathered that he was arrested on Monday night at his residence in the Omole area of Lagos. Sources within the commission on Tuesday said E-Money was arrested for allegedly spraying United States …

One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, who was recently declared wanted by the Economic and Financial Crimes Commission (EFCC), voluntarily surrendered himself to the anti-graft agency on Monday. Justice Emeka Nwite of the Federal High Court in Abuja, in a ruling on Thursday last week, approved the EFCC’s request to …

The Acting Zonal Director, Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate, Bawa Usman Kaltungo on Friday visited the Executive Officials of Kaduna State Council of the Nigeria Union of Journalists (NUJ) along with his management team on courtesy call. Kaltungo who was newly posted to the Zonal Directorate expressed gratitude to the NUJ members for the support and …

The Federal High Court in Abuja, on Thursday, gave the Economic and Financial Crimes Commission, EFCC, the go-ahead to arrest and detain six promoters of Crypto Bridge Exchange (CBEX), over alleged investment fraud to the tune of over one billion dollars. Justice Emeka Nwite, who gave the order after the EFCC’s lawyer, Fadila Yusuf, moved an ex-parte motion to the …

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 …