Operatives of the Economic and Financial Crimes Commission have arrested a popular Lagos socialite, Emeka Okonkwo Daniel (a.k.a. E-Money), for allegedly abusing the Naira note. Our correspondent gathered that he was arrested on Monday night at his residence in the Omole area of Lagos. Sources within the commission on Tuesday said E-Money was arrested for allegedly spraying United States dollars, an act said to be in violation of the Foreign Exchange Act. One of the sources said, “On Monday night, we arrested E-Money for Naira abuse and defacing foreign currencies.…
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Aisha Achimugu Declares Hunger Strike Following EFCC Arrest at Abuja Airport
Prominent business executive and socialite, Aisha Achimugu, has reportedly embarked on a hunger strike while in the custody of the Economic and Financial Crimes Commission (EFCC), following her arrest by operatives of the anti-graft agency. Her legal team, led by Senior Advocate of Nigeria (SAN), Mr. Chikaosolu Ojukwu, confirmed in a statement on Tuesday in Abuja that Achimugu was arrested around 5 a.m. at the Nnamdi Azikiwe International Airport upon her arrival from London. The EFCC had in March 2025 declared Achimugu wanted over allegations bordering on criminal conspiracy and…
Read MoreCBEX Promoters Used EFCC, CAC Certificates to Deceive 600,000 Investors, Authorities Allege
CBEX Promoters Used EFCC, CAC Certificates to Deceive 600,000 Investors, Authorities Allege Promoters of a purported investment scheme operating under the name “CBEX” are alleged to have swindled an estimated 600,000 unsuspecting investors across Nigeria by presenting fake or deliberately misleading certificates purportedly from the Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC). This shocking revelation was made public by the EFCC, which confirmed it has launched a major investigation into the elaborate fraudulent operation. According to sources within the anti-graft agency, the perpetrators behind CBEX…
Read MoreDiezani pleads with the court to stop the EFCC from selling his confiscated assets.
Mrs. Diezani Alison-Madueke, the former minister of petroleum resources, has petitioned the Federal High Court in Abuja to prevent the Economic and Financial Crimes Commission, or EFCC, from selling all of the properties that were taken from her. In the lawsuit she brought through a group of attorneys headed by Chief Mike Ozekhome, SAN, the former minister also asked the court to issue an order compelling the anti-graft agency to collect from anybody (natural or corporate) that it had sold any of the properties to. Mrs. Diezani Alison-Madueke The…
Read MoreCISLAC Raises Alarm: Illegal BDC Operators Linked to Terrorism Funding
During a Multi-stakeholder National Dialogue on Preventing Terrorism Financing and Violent Extremism in Abuja, Auwal Musa-Rafsanjani, the Executive Director of Civil Society Legislative Advocacy Centre (CSILAC), shed light on the alarming connection between illegal money exchangers and terrorism funding. Musa emphasized that terrorism poses a significant global threat, with Nigeria being particularly vulnerable. Musa highlighted the exploitation of the financial sector for terrorism financing, pointing to Bureau de Change (BDC) operators, Point of Sale (POS) devices, wire transfers, and Designated Non-Financial Businesses and Professions as facilitating platforms for such activities.…
Read MoreAlleged Stealing of N84 Billion by Yahaya Bello, CHRICED Calls for a State of Emergency in Kogi State
The Resource Centre for Human Rights & Civic Education (CHRICED) says it has studiously monitored the developments following the recent attempt by the Economic and Financial Crimes Commission (EFCC) to apprehend Mr. Yahaya Bello for his alleged embezzlement of over N84 billions of Kogi State funds and has also noted with deep concern the reprehensible actions of Kogi State Governor, Mr. Ahmed Usman Ododo, who abused his official immunity to shield Yahaya Bello from arrest. In a statement signed by the Executive Director CHRICED, Dr Ibrahim Zikirullahi, he said “It…
Read MoreEFCC Accuses Former CBN Governor Emefiele of Illegally Printing Naira in Fresh Charge
The Economic and Financial Crimes Commission (EFCC) has taken legal action against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, filing a fresh charge at the High Court of the Federal Capital Territory. Emefiele faces accusations related to the printing of Naira notes amounting to N684,590,000, allegedly approved at the rate of N18.96 billion. According to documents seen by PUNCH Online on Tuesday, the EFCC asserts that Emefiele violated the law during his implementation of the naira swap policy under the administration of former President Muhammadu…
Read MoreFormer Aviation Minister Hadi Sirika Arrested by EFCC Over Alleged Nigerian Air Scandal
In a startling development, former Minister of Aviation, Hadi Sirika, has been apprehended by the Economic and Financial Crimes Commission (EFCC) in connection with an alleged embezzlement scandal linked to the Nigerian Air project. Sirika, a prominent figure in Nigeria’s aviation sector, was taken into custody by EFCC officials at the Federal Capital Territory Command as part of an ongoing investigation into money laundering activities reportedly totaling over ₦8 billion. Arriving at the EFCC’s headquarters in Abuja around 1:00 pm on Tuesday, Sirika was immediately subjected to questioning by EFCC…
Read MoreEFCC Threatens Military Action in Pursuit of Yahaya Bello’s Arrest
The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of the immediate past governor of Kogi State, Yahaya Bello, declaring its intention to apprehend him and present him before the Federal High Court in Abuja to face charges leveled against him. This declaration follows the refusal of Bello’s legal representative, Abdulwahab Muhammed, SAN, to accept service on behalf of his client, who is currently evading arrest by the EFCC. Addressing the Federal High Court in Abuja on Thursday, the EFCC’s legal team, led by Kemi Pinheiro, SAN, emphasized…
Read MoreEFCC Barricades Residence of Former Kogi Governor Yahaya Bello Amid Arrest Speculations in Abuja
Operatives of the Economic and Financial Crimes Commission (EFCC) this morning barricaded the residence of the immediate past Kogi governor, Yahaya Bello, at Benghazi Street, Wuse Zone 4 in Abuja. Though the reason for the barricade is unknown, it gathered that the operatives of the anti-corruption commission were in the area intending to effect the arrest of the former governor, who had been having issues with EFCC even before he left office in February. It was learned that the operatives did not allow movement in and out of the street leading…
Read MoreEFCC Prepares to Arraign Cubana Chief Priest Over Alleged Naira Abuse
Pascal Okechukwu, widely known as Cubana Chief Priest, is set to face arraignment by the Economic and Financial Crimes Commission (EFCC) for alleged abuse of the naira, according to court documents. Okechukwu faces three counts of charges for purportedly spraying and tampering with the naira at a social gathering, contravening the provisions of the Central Bank Act of 2007. The arraignment is scheduled to take place before Justice Kehinde Ogundare of the Federal High Court in Lagos. A document filed by EFCC’s prosecutor Rotimi Oyedepo (SAN) and seven other lawyers…
Read MoreCourt detains Emefiele in EFCC custody on charges of office misconduct
A Lagos State Special Offences Court in Ikeja ordered the remand of former Central Bank of Nigeria Governor, Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission (EFCC) after he was arraigned for alleged abuse of office. Emefiele will remain in custody until Thursday, pending the judge’s decision on his bail application. Meanwhile, Omoile was remanded in the custody of the Nigerian Correctional Services. Before the court’s decision, Emefiele’s lawyer, Abdulakeem Ladi-Lawal, requested bail for his client on self-recognition or under lenient conditions. He urged the court…
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