#Economic and Financial Crimes Commission (EFCC

[saynaija]

EFCC Restates Commitment to Whistleblower Protection Law

EFCC Restates Commitment to Whistleblower Protection Law The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has reaffirmed the Commission’s commitment to the realization of the Whistleblower Protection Law in the country. He made this known on November 26, 2024 in a sub-regional conference on Whistleblowing and Whistleblower Protection in West…

[niscompress]

(via ANTI GRAFT WAR: How The IGP Ordered The Immediate Withdrawal Of 11 Policemen Attached To Yahaya Bello.)

[touchaheartnews]

Dangote Speaks On EFCC’s Visit To Its Headquarters

Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations. The foremost indigenous conglomerate in a statement disclosed that it received a letter from the EFCC on December 6, 2023, requesting…

[legalattorneyblog]

EFCC Warns Against Unauthorized Use of Operational Identities in Skits and Social Media Content

The Economic and Financial Crimes Commission (EFCC) has again cautioned skit makers and social workers against the unlawful and irresponsible use of the Commission’s operational identities. This warning comes in response to a video titled “EFCC and Army Wahala” circulating on social media. In a statement issued on Wednesday, the spokesperson of the anti-graft agency, Dele Oyewale, emphasized…

[stele3]

https://www.reuters.com/world/middle-east/syrian-mass-graves-expose-machinery-death-under-assad-top-prosecutor-says-2024-12-17/

[bcc-24news]

EFCC declares Leno Adesanya, promoter of Sunrise Power, wanted

ABUJA – Leno Adesanya has been declared wanted by the Economic and Financial Crimes Commission (EFCC).

Adesanya is the promoter of Sunrise Power and Transmission Ltd.

In a notice issued on Tuesday, the EFCC said Adesanya is wanted “in an alleged case of conspiracy and corrupt offer to public officers”.

Adesanwa was mentioned in three out of the seven-count charges preferred against Olu Agunloye, former minister of power and steel.

The EFCC is prosecuting Agunloye over the $6 billion Mambilla hydropower contract.

Reported that EFCC traced some suspicious payments made by Sunrise Power and Transmission Ltd to Agunloye’s bank accounts.

In one of the counts, the EFCC alleged that on August 10, 2019, Agunloye “corruptly received the sum of N3,600,000.00” through his Guaranty Trust Bank account no.0022530926 from Sunrise Power and Transmission Company Limited (SPTCL) and Leno Adesanya for approving the Mambilla Hydroelectric Power Station project.

Former President Olusegun Obasanjo had challenged Agunloye to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise for the Mambilla hydropower project in 2003.

Sunrise Power is in arbitration with Nigeria at the International Chamber of Commerce (ICC), Paris, France, alleging a breach of contract.

The company said it was awarded a $6 billion build, operate and transfer (BOT) contract in May 2003 by the Obasanjo administration but that the federal government repudiated the agreement.

Sunrise is asking for a compensation of $2.3 billion, claiming it had spent millions of dollars on financial and legal consultants before the contract was jettisoned.

In its defence at the arbitration, the Nigerian government is alleging fraud and corruption of public officials in the award of the contract.

The matter is similar to the P&ID case in which a UK court nullified an $11 billion award against the country for the same reasons.

[hardynwa]

EFCC debunks 2023 recruitment rumour online

The Economic and Financial Crimes Commission, EFCC, has denied reports that it is currently recruiting. The anti-graft agency in a tweet on Monday urged the public to disregard information circulating on social media An online report had claimed that the commission commenced 2023 recruitment on July 4th, 2023. But the security agency warned prospective applicants that the information is false and misleading. In a statement, it said, ”The information, which is obviously the handiwork of fraudsters, advises prospective applicants to click a link (https//spukd.com/EFCC-2023-Recruitment-Portal).” The Commission warned the public against clicking any link that cannot be found on its website (http://efcc.gov.ng). ”We also use this opportunity to urge members of the public to cross-check any EFCC employment information in the social media with the Commission by email to : info@efcc.gov.ng or call 08093322644.” it added Read the full article

[akeliciousmedia]

EFCC Probes N1.3 Trillion Alleged Misappropriation, Detains Delta Accountant General

The Economic and Financial Crimes Commission (EFCC) has arrested Mrs. Joy Enwa, the Accountant General of Delta State, in connection with the alleged misappropriation of N1.3 trillion linked to former Governor Ifeanyi Okowa. The anti-corruption agency has also interrogated other key officials, including a former Director of Finance and Administration and a senior Government House…

[saynaija]

Alleged 19m Fraud: EFCC Presents More Witness Against Defendant

Alleged 19m Fraud: EFCC Presents More Witness Against Defendant The Economic and Financial Crimes Commission, EFCC, on Tuesday, October 15, 2024, presented its third prosecution witness, PW 3, Felicia Paul, an operative of the EFCC, in the trial of one Murtala Adebayo for an alleged N19m fraud before Justice Mojisola Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos. Adebayo…

[timesofinnovation]

In a landmark operation, Nigerian authorities have arrested nearly 800 individuals connected to a sophisticated international fraud operation that exploited victims across the globe. This decisive move reflects the ongoing struggle against various online schemes, particularly those masquerading as legitimate business opportunities, including cryptocurrency investments and romantic scams. The crackdown was initiated by the Economic and Financial Crimes Commission (EFCC) in a bid to stem the tide of fraud that has marred Nigeria's international reputation. Known for its prevalence in scams, Nigeria has long been viewed as a breeding ground for internet fraud, often overshadowing the country's rich potential for legitimate business and innovation. The recent arrests took place across multiple states and targeted individuals believed to be running schemes that lured unsuspecting victims through enticing offers and false promises. One common tactic involved convincing victims to invest in non-existent cryptocurrency schemes. This method not only defrauded investors of their hard-earned money but also contributed to broader economic distress. Another prevalent method involved romantic scams, where perpetrators developed online relationships with victims, ultimately leading to requests for money under various pretenses. The emotional manipulation combined with the persuasive skills of the fraudsters made these scams exceptionally effective, often resulting in significant financial losses for those targeted. The EFCC's initiative demonstrates an escalation in efforts to combat fraud at its roots. Notably, the operation marks a collaborative effort between various enforcement agencies, underscoring the importance of teamwork in addressing the complex nature of cybercrime. Community awareness and education emerged as vital components in this campaign. Citizens have been urged to remain vigilant against offers that seem too good to be true, echoing a global sentiment regarding the necessity of skepticism in financial dealings. An example of successful intervention came from the city of Lagos, where a significant portion of the arrests occurred. This city is known as a major hub for technology and innovation in Nigeria, yet it has also been a critical location for fraudulent activities. By targeting these operations, authorities aim to rejuvenate the region's standing as a viable business landscape, free from the shadow of widespread deceit. This operation had its origins in persistent pressure from international governments and organizations seeking accountability in Nigeria’s approach to fraud. In recent years, countries like the United States and the United Kingdom have voiced concerns over scams emanating from Nigeria, urging stronger measures against these activities. Consequently, the EFCC’s actions can also be seen as a response to external pressure, illustrating the global implications of local criminal operations. Particularly noteworthy is the investigative approach utilized by the EFCC, which has increasingly adopted technology and data analytics in their pursuit of fraudsters. The introduction of advanced software tools to track fraudulent transactions and communications significantly enhances their operational capabilities. This tech-savvy approach not only increases the chances of identifying and apprehending perpetrators but also serves as a deterrent against future criminal activities. Moreover, this major bust sends a clear message to those still engaged in fraud—the law is catching up. With every arrest, the narrative around Nigeria's shortcomings in combating fraud starts to shift, promoting a perception of change and reform. In doing so, Nigeria can begin to reclaim its reputation on the global stage, paving the way for legitimate technological and business advancements. The aftermath of this operation remains to be seen. As investigations continue, there is hope that it will lead to more comprehensive strategies for preventing fraud in the future.

These may include educational campaigns for citizens on identifying common scams and enhanced support for victims of fraud, creating a safer environment for online transactions. In conclusion, Nigeria’s recent raid serves as a pivotal example of the potential for law enforcement to act against cyber fraud on a global scale. While challenges remain, authorities' commitment to tackling these crimes is crucial. The world watches closely, and perhaps this marks a turning point in how Nigeria addresses the intersection of internet crime and economic growth.

[undercodenews]

The Nigerian Cybercrime Hub: A Globalized Threat

2024-12-23 : This article delves into a recent landmark operation by the Economic and Financial Crimes Commission (EFCC) in Nigeria, where 792 individuals were arrested for their alleged involvement in a massive cryptocurrency fraud and romance scam. The raid, conducted at a multi-story building in Lagos, exposed a highly organized and sophisticated criminal network operating on a global…

[dietplanssite]

Nigeria Arrests 792 People in Cryptocurrency and Romance Fraud Raid

Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive cryptocurrency scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos and several other foreign nationals, were arrested during a surprise raid on an imposing seven-storey building known as Big Leaf in the upscale Victoria Island neighbourhood. A…

[legalattorneyblog]

Analysis of Barrister Monday Ubani's Insights on the Appointment of the EFCC Chairman.

In a recent interview, Barrister Monday Onyekachi Ubani, Special Adviser to the Serving Senate President, provided a comprehensive analysis of the appointment of Mr. Ola Olukoyode as the chairman of the Economic and Financial Crimes Commission (EFCC) in Nigeria. With an emphasis on legal considerations, ethical challenges, and the expectations for the EFCC’s future operations, Barrister Ubani…

[polityreporters]

EFCC Commences Investigation Of 18 Suspended Council Chairmen In Edo

EFCC Commences Investigation Of 18 Suspended Council Chairmen In Edo

The Economic and Financial Crime Commission, EFCC, has commenced investigation of 18 suspended local government chairmen in Edo State over alleged financial impropriety. Ad gathered from DAILY POST, a letter inviting the embattled 18 chairmen for questioning was signed by Abdulkarim Chukkol, Director of Investigation. The letter was sent through ACE II Dare Folarin at the Commission’s Benin Zonal…

[top4allo]

Nigeria has arrested nearly 800 people linked to a massive crypto-romance scam ring

According to the agency, Nigeria’s Economic and Financial Crimes Commission has arrested about 800 people across the country in connection with crypto-romance scams. EFCC Executive Chairman, Ola Olukoyede published recently that the regulator’s actions led to the arrest of 792 suspects allegedly involved in cryptocurrency investment fraud, and romantic shenanigans. The arrests came as part of a…

[akeliciousmedia]

Court grants Yahaya Bello N500 million bail in alleged N110.4 billion fraud case

The Federal Capital Territory High Court has granted N500 million bail to the refiled bail request of the former governor of Kogi State, Yahaya Bello, in the alleged N110.4 billion fraud case instituted by the Economic and Financial Crimes Commission (EFCC). Justice Maryann E. Anenih granted him bail on Thursday. The court had on December 10, 2024, rejected the bail request of the former…