Lagos, Nigeria – The Economic and Financial Crimes Commission (EFCC) has re-indicted Francis Atuche, former Managing Director of the defunct Bank PHB Plc, on charges of forgery and conspiracy. The anti-graft agency disclosed this in a statement via its official X handle on Monday, confirming that the arraignment took place before Justice O. O. Abike-Fadipe…
Lagos, Nigeria – The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam. The suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing…
Abuja, Nigeria – The Federal High Court in Abuja, on December 13, 2024, granted former Kogi State Governor Yahaya Adoza Bello bail in the sum of ₦500 million following his arraignment on a 19-count charge of alleged fraud and money laundering involving ₦80.2 billion. Bello, through his counsel, J.B. Daudu SAN, tendered an apology to…
Lokoja, Nigeria – The Economic and Financial Crimes Commission (EFCC) has arrested 24 suspected internet fraudsters, popularly known as Yahoo Boys, in Lokoja, Kogi State. Converseer reports that the suspects were arrested by the EFCC Operatives, Abuja Zonal Directorate, on Friday, December 6, 2024. Their arrest, according to the EFCC, follows credible intelligence about their…
Abuja, Nigeria – Justice Jude Onwuegbuzie, on Monday, December 2, 2024, gave a ruling on a final forfeiture of an estate in Abuja measuring 150,500 square metres and containing 753 Units of duplexes and other apartments. Converseer reports that this is the single largest asset recovery by the Economic and Financial Crimes Commission (EFCC) since…
