The trial of Binance Holdings Limited and its executives Tigran Gambaryan and Nadeem Anjarwalla by the Economic and Financial Crimes Commission (EFCC) for an alleged money laundering case of $35,400,000 will take place on Thursday. The EFCC formally charged Binance Holdings Limited, Gambaryan, and Anjarwalla with money laundering on 28 March. Anjarwalla, who fled Nigeria and is now in hiding, …

The Abuja Zonal Command of the Economic and Financial Crimes Commission has handed over documents of properties and 324 houses recovered for Kano State pensioners to the affected individuals. The development was a result of an investigation carried out by the EFCC into a N4.1 billion Pension Trust Fund denied pensioners by successive Kano State government administrations. The EFCC probe …

Economic and Financial Crimes Commission (EFCC), has increased the charges against Abiodun Agbele, the associate of the former Ekiti State governor, Ayodele Fayose from 11 to 24. The EFCC had in 2016 arraigned Agbele,  alongside a former minister of state for defence, Musliu Obanikoro; Sylvan Mcnamara Limited; Lt. A.O Adewale; Tunde Oshinowo and Olalekan Ogunseye (all at large) at a …

Operatives of the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested four suspects for sending fake transaction credit alerts to their victims. A statement on Monday by the EFCC Spokesman Dele Oyewale said the suspects were arrested within Maiduguri metropolis in Borno State, following intelligence on their fraudulent acts. Oyewale said preliminary investigations showed that …

The Economic and Financial Crimes Commission (EFCC), on Monday, tendered additional evidence against MICAD Project City Services Limited, and Director of Process and Industrial Development Limited, James Nolan, before Justice Nora Egwuatu of the Federal High Court, sitting in Abuja. This was made known in a statement by the Head of Media and Publicity of the EFCC, Dele Oyewale. The …

A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, on Monday, told a Federal Capital Territory High Court in Maitama that 10 officials of the Central Bank of Nigeria (CBN), including the former CBN Governor, Godwin Emefiele, minuted on the documents for the award of multi-million contracts to April 1616 and Architekon Nigeria Limited. The EFCC accused …

A Federal High Court sitting in Lagos has ordered final forfeiture of 36 exotic cars, ‘allegedly stolen’ from Canada to Nigeria. Trial judge, Justice Deinde Dipeolu, made the final forfeiture order, while granting an application filed and argued by a lawyer to the Economic and Financial Crimes Commission (EFCC), Mr Abdul Rasheed. The forfeited cars include: 2017 Model Toyota Rav, …

The Ilorin zonal command of the Economic and Financial Crimes Commission (EFCC) has arrested an herbalist and 48 suspected internet fraudsters for offences bordering on conspiracy and obtaining under false pretence in Lokoja, Kogi State. In a statement on Thursday, the anti-graft agency said: “They were arrested upon credible intelligence on Tuesday, March 5, 2024 at various locations in Lokoja. “The …

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has revealed the commission’s plans to investigate more than 3,000 financial crime cases. He explained that the 3,000 cases approved for investigation were part of the over 5,000 petitions received by the agency from different groups and Nigerians. Olukoyede said this at the 20th-anniversary lecture of the …

The Economic and Financial Crimes Commission (EFCC) has asked the Presidency, the Federal Judicial Commission, and other Ministries, Departments, and Agencies (MDAs), to submit their anti-corruption strategies, as part of the agency’s efforts to stop the abuse of contracts. All the MDAs have until 1 March to submit their strategies to the anti-graft agency. The directive was contained in separate …