EFCC

Louisa Olaniyi Business Network > Blog > EFCC

May 6, 2025
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EFCC

VDM ARREST REFUSAL TO CORPORATE LANDS HIM IN EFCC CUSTODY

The Economic and Financial Crimes Commission (EFCC) has exercised it’s mandate in curbing economic and financial crime by taking Martins Innocent Otse Popularly known as Very Dark Man (VDM)...

April 16, 2025
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finance, EFCC, fraud, Investment, Ponzi Scheme

CryptoBank Exchange (CBEX): The Rise, Collapse, and Consequences of Nigeria’s Latest Ponzi Scheme

In April 2025, Nigeria was shaken by the collapse of another large-scale financial scam—CryptoBank Exchange (CBEX)—an online investment platform that allegedly defrauded thousands of investors of approximately ₦1.3 trillion or...

April 8, 2025
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Financial crime, CRIME, EFCC, fraud

EFCC Arrests Internet Fraudster for Buying Bank Account Details to Defraud Victims of Millions

Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes....