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, …

A Federal High Court in Lagos on Monday permitted the Inspector-General of Police (IGP) to arrest a suspect, Olusanya Sunday Okusanya, a fugitive believed to have fled to the United Kingdom, after an alleged N64 million fraud. Justice Yellim Bogoro approved the IGP’s motion for Okusanya’s arrest, following an ex parte application filed and moved by the police lawyer, S. …

The Federal Government and the International Criminal Police Organisation (INTERPOL) have commenced the process of extraditing a Binance chief, Nadeem Anjarwalla, who escaped from detention on 22 March. Security agencies had in February arrested Anjarwalla and Tigran Gambaryan, two executives of the crypto-currency firm, Binance Holdings Limited, over alleged money laundering. They were detained in ‘a safe house’ in Abuja …

The Nigerian oil official mentioned in the $800,000 fraud case involving wind turbine energy giant Nordex, Dr Kelechi Ofoegbu has denied any wrongdoing. He has therefore urged both Nigeria’s Inspector General of Police (IGP) and INTERPOL to investigate the matter further to prove his innocence. Hackers used their email access to Mountain Crane and sent an invoice totalling $1.75 million …

The International Criminal Police Organisation (Interpol) on Thursday said the United Kingdom Government rejected its request to extradite former Minister of Petroleum Resources, Mrs Deziani Alison-Madueke. Head of Interpol’s National Central Bureau (NCB), Abuja, Assistant Inspector General of Police Garba Baba Umar said this on the sidelines of an investigative hearing by a House of Representative Adhoc committee. The committee …