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 launched an investigation into the alleged N1.3 trillion frauds perpetrated through a digital investment platform, CryptoBank Exchange (CBEX). CBEX, operated by a group of foreign nationals in collaboration with their Nigerian partners, reportedly collapsed on Monday, leaving thousands of investors stranded and unable to access their funds. The EFCC spokesman, Dele Oyewale, …

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 Economic and Financial Crimes Commission (EFCC) has arrested popular TikTok personality, Murja Ibrahim Kunya, in Kano over allegations of abusing the Nigerian currency, the naira. A source within the anti-graft agency confirmed Kunya’s arrest to Kano-based Freedom Radio over the weekend, noting that an investigation is currently underway. ‘The investigation is ongoing, and once completed, she will be charged …

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 …

A Federal High Court in Abuja yesterday admitted in evidence receipts of school fees paid to the American International School, Abuja (AISA) in favour of the children of the former Governor of Kogi State, Yahaya Bello. The receipts were among other documents tendered by the prosecution at the resumed hearing in the trial of the ex-governor on an N80.2 billion …

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 …