The Economic and Financial Crimes Commission (EFCC) on Thursday, 23rd May 2024, re-arraigned the former Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Umar Masari on an amended 22-count charge of alleged money laundering before Justice O.A Egwuatu of the Federal High Court sitting in Maitama, Abuja. Masari’s arraignment was sequel…
The Economic and Financial Crimes Commission (EFCC) has revealed that spraying the naira note will reduce its value. Recall that the naira has continued to decline as against other foreign currencies, including the Ghanaian cedis. Instead of coming up with a figurative way to boost production and economy of the nation, the EFCC says the…
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 101 suspected internet fraudsters (aka Yahoo Boys) across the three states of Enugu, Imo and Kaduna. CONVERSEER gathered that the Enugu Zonal Command of the EFCC arrested 78 suspects in Enugu and Imo States respectively. While 29 suspects were arrested on Wednesday, 15th…
Fifteen (15) Internet Fraudsters have been jailed by courts in Makurdi, Benue State, Kaduna in Kaduna State and Port Harcourt in Rivers State respectively. CONVERSEER gathered that 12 internet fraudsters were convicted and sentenced to various jail terms by Justices R.J. Egbe, N. I Afolabi and Emeka Nwite, M.S Abubarkar, M.S.Abubakar, A. Onoja, Justice Ajiya…
A court sitting in Kano, Kano, has convicted 31 persons over the abuse of naira. The conviction, CONVERSEER gathered was secured by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) in an unprecedented display of regulatory enforcement. According to sources, the 31 individuals were involved in illegal currency trading and the…
The operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested two suspected illegal forex traders, Surajo Umar and Muhammed Sadiq Lawal. They were arrested on Friday, 10th May 2024, at Udi Street in Uyo, Akwa Ibom State capital while selling dollars without appropriate licences. Their arrest followed credible…
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Monday, 13th May 2024, arraigned Babakura Muhammad Nur and Kaltum Mustapha for criminal misappropriation to the tune of N12,950,000 (Twelve Million, Nine Hundred and Fifty Thousand Naira only). The duos were arraigned separately before Justice Aisha Kumaliya of the Borno State High…
The Fourth Prosecution Witness, PW4, Bitrus Sambo Bako in the trial of Kassam Kopte and Yakubu Zwalnan, former Chairman and Secretary of the University of Jos (UNIJOS) Non-Academic Staff Union of Education and Associated Institutions respectively on Tuesday, 14th May 2024, narrated before Justice S.P. Gang of the Plateau State High Court, Jos how the defendants lured union members into fraudulent land deals…
…recovers 6 exotic cars, 16 laptops, 38 mobile phones The Economic and Financial Crimes Commission (EFCC) has arrested 44 suspected internet fraudsters also referred to as Yahoo Boys in Calabar, Cross River State. CONVERSEER learned that the suspects were arrested by investigators at the Uyo Zonal Command of the EFCC. According to a statement by the…
The Economic and Financial Crimes Commission (EFCC) has arrested 128 suspected internet fraudsters popularly known as Yahoo Boys in Osun, Kwara and Edo states. CONVERSEER gathered that 64 suspects were arrested on Wednesday, 8th May 2024, in Ede, Osun State, following actionable intelligence on their suspicious fraudulent activities in their environs. Items recovered from them…