The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide. The federal government agencies declared this on Wednesday following the collapse of the digital assets platform, CBEX, reports The PUNCH. The SEC, however, revealed that it had yet to receive f...
Amid growing concerns over the alleged fraud perpetrated by a digital investment platform, CryptoBank Exchange (CBEX), which reportedly led to the loss of N1.3 trillion belonging to Nigerian investors, the Economic and Financial Crimes Commission has said it warned Nigerians against investing in Ponzi schemes. The spokesperson of the EFCC, Mr....
•Aisha Achimugu Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Council Worldwide has called on the Economic and Financial Crimes Commission, (EFCC), to halt what it described as “unjust persecution” of a socialite, Aisha Sulaiman Achimugu. A statement today issued by the National President of Ohanaeze Ndigbo Youth Council Worldwi...
•Dr. Yemi Farounbi Nigeria’s former Ambassador to the Philippines and senior citizen, Dr. Yemi Farounbi, in this interview, speaks on a number of national issues, reports Saturday Tribune. Excerpts: The National Assembly of Nigeria has been in the news lately for not too pleasant reasons. How do these pieces of news come to you? It […]...
•Aisha Achimugu The Middlebelt Youth Forum (MBYF) has called on the Economic and Financial Crimes Commission (EFCC) to end what it describes as a political witch hunt against businesswoman Aisha Achimugu. The EFCC recently declared Achimugu wanted in connection with an alleged case of criminal conspiracy and money laundering, reports The Guard...
•Aisha Achimugu The Economic and Financial Crimes Commission (EFCC) has declared billionaire businesswoman and managing director/CEO of Felak Concept Group, Aisha Achimugu, wanted. In a post on its social media pages today, the Commission said Achimugu is wanted for alleged criminal conspiracy and money laundering. The post signed by EFCC’s He...
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 133 suspects in Abuja following a raid on a ponzi scheme academy operating under the name Q University, also known as Q-Net. The operation carried out yesterday, took place at the Compensation Layout in Gwagwalada, Federal Capital Territory, reports The Guardian. A...
•Olu Agunloye An objection raised by the former Minister of Power and Steel, Dr Olu Agunloye, to the oral evidence of prosecution witness in his ongoing trial , on Monday, forced the Economic and Financial Crimes Commission (EFCC) to tender documentary evidence. The EFCC is prosecuting the former minister before an Abuja High Court over [&hell...
•Dollar notes The Economic and Financial Crimes Commission has commenced an investigation into the man arrested by the Nigeria Customs Service, Okorie Sunday, at the Murtala Muhammed International Airport, Ikeja, Lagos, for false currency declaration. Sunday was apprehended upon his arrival from Johannesburg, South Africa, on March 19, 2025, r...
•Embattled former CBN Governor, Godwin Emefiele Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, has rejected the additional proof of evidence brought by the Economic and Financial Crimes Commission (EFCC) against a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the alleged procurement fraud tri...
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