Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC) against the immediate past governor of Kogi State, Alhaji Yahaya Bello, to next Wednesday. The adjournment is for substituted service and possible arraignment of Bello for alleged N84 billion money laundering. At the resumed sitting, EFCC counsel, Kemi …

The Nigeria legal tender otherwise called the Naira had never been subjected to the kind of abuse it suffered in its history when billionaire celebrity nightclub owner, Obinna Tochuukwu Iyiegbu (well known as Obi Cubana) buried his mother, Uche Iyiegbu. She died in November 2020 at 75 and was buried on 16th July 2021. Her son, Obi Cubana said it …

To clear misconceptions and misrepresentations of its report on the recovery of N30 billion, the Economic and Financial Crimes Commission (EFCC) has given more details on its investigation of the Federal Ministry of Humanitarian Affairs, Disaster Management and Poverty Alleviation. The commission said yesterday that the funds were recovered from thorough investigations into the ministry for a long time. In …

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been released after meeting the bail conditions granted him by the court. Emefiele, who arrived at the Lagos High Court, Ikeja in custody of operatives of the Economic and Financial Crimes Commission (EFCC) on Friday, left for his home after the court proceedings. Justice Rahman Oshodi, who …

The Economic and Financial Crimes Commission (EFCC) is probing 50 bank accounts, as it recovered N30 billion in the case of the suspended Minister of Humanitarian Affairs, Dr. Betta Edu, and the ongoing probe of the ministry over alleged money laundering. The latest development was revealed in a bulletin titled, ‘EFCC Alert’, detailing some major arrests, prosecutions, and recoveries made …

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC). Emefiele was arraigned on Monday by the Federal Government alongside his co-defendant, Mr. Henry Omole, before Justice Rahmon Oshodi of the Lagos High Court (Ikeja division). The two defendants pleaded not guilty to the …

The Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count charge bordering on abuse of office and corruption against former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele. He will be arraigned before Justice Rahman Oshodi of the Lagos High Court, Ikeja on Monday on counts bordering on accepting gratification, accepting gifts through agents, corruption, …

A Federal High Court in Abuja has adjourned the money laundering suit against Binance Holdings Limited and its official till 8 April. The trial judge, Justice Emeka Nwite, adjourned the matter for ruling after listening to the parties’ submissions on the service of the charge on Binance Holdings Limited. The defendants; Binance Holdings Limited and Tigran Gambaryan were meant to …

The Economic and Financial Crimes Commission (EFCC) has arrested and detained controversial cross-dresser, Idris Okuneye (well known as Bobrisky) over abuse of Naira, “spraying” of Naira notes and currency mutilation. Bobrisky, who has been embroiled in several controversies over the past weeks, was arrested in Lagos on Wednesday night, and has since been detained at the Lagos command of the …

Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has dismissed insinuations that the agency is only going after internet fraudsters, popularly known as “Yahoo boys’. Olukoyede assured that he will lead a broad-based and holistic anti-graft war that would not spare anyone linked with any form of economic and financial crimes. The EFCC boss stated this …