The Economic and Financial Crimes Commission (EFCC) has stated that the N50 billion given to the Nigerian Education Loan Fund (NELFUND) was not a donation from the agency but part of the recovered loot given for student loans as directed by the president. Reacting to report that the funds were donations to NELFUND, the EFCC spokesperson, Dele Oyewale said, “The …

The Economic and Financial Crimes Commission on Tuesday grilled the Chairman, the National Hajj Commission of Nigeria, Jalal Arabi, over alleged mismanagement of the 2024 hajj exercise fund among others. It was gathered that Arabi arrived at the EFCC’s headquarters in Jabi, Abuja at about 10 am and was grilled for hours. A source familiar with the matter informed newsmen …

The Economic and Financial Crimes Commission (EFCC) has arraigned one Rufus John Isip, a self-acclaimed forex broker, for an alleged investment scam amounting to over N2 billion. The suspect was arraigned before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa Ibom State. In a statement by the EFCC spokesperson, Dele Oyewale on Saturday, the suspect …

Former Minister of Power, Saleh Mamman, collapsed outside the courtroom on Thursday at a Federal High Court, Abuja, due to ill health. It was reported that Mamman, whose plea was fixed for Thursday morning, collapsed outside the courtroom before the case was called. The former minister’s counsel, Femi Ate, SAN, told Justice James Omotosho shortly when he was called to …

The Economic and Financial Crimes Commission (EFCC), will on Thursday, 11 July, arraign a former Minister of Power, Saleh Mamman, before Justice J. K. Omotosho for alleged N33 billion money laundering offences. According to an insider at the commission, Mamman would be arraigned on a 12-count charge bordering on conspiracy to commit money laundering and possession and use of known …

The 2023 Labour Party presidential candidate, Peter Obi, has hailed the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, regarding the alarm he raised on the extensive looting of Nigeria’s treasury and assets by public officials. In a statement on Monday via X, Obi expressed his support for prioritising the fight against grand corruption. He said, …

The Economic and Financial Crimes Commission (EFCC), says it has arrested two former employees of Union Bank in Makurdi, Benue State, for allegedly stealing N4,199,500 from the account of a deceased customer. The spokesperson of the anti-graft agency, Dele Oyewale, made this known in a statement released yesterday in Abuja. The suspects, according to the statement, are Idah Ogoh and …

The Economic and Financial Crimes Commission (EFCC), yesterday arraigned the owners of Telcom Satellites TV (TSTV), before the Federal High Court in Abuja, on a nine-count charge that bordered on alleged tax evasion and money laundering. Those the anti-graft agency docked before trial Justice Inyang Ekwo were the Managing Director and Chief Executive Officer of the Indigenous direct-to-home TV service …

In a bid to further strengthen its crusade against the abuse of the naira, the Economic and Financial Crimes Commission (EFCC), has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders. Spokesman of the EFCC, Dele Oyewale disclosed this as guest on the EFCC 97.3FM Abuja talk show yesterday. Oyewale emphasized the commission’s …

The Economic and Financial Crimes Commission (EFCC) on Friday arrested 40 suspected internet fraudsters in Abuja. The dawn operation, which was carried out following credible intelligence on the suspects’ involvement in various internet fraud schemes, resulted in the apprehension of 18 suspects in Dawaki axis, while 12 others were arrested in different parts of the capital city. The EFCC team, …