EFCC

Louisa Olaniyi Business Network > Blog > EFCC

August 20, 2025
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EFCC, fraud

EFCC Nabs Bank MD, Two Nuns Over Alleged Loan Fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two Catholic Church sisters for allegedly and unlawfully tampering with shareholders’ documents at the Corporate Affairs Commission. The...

August 10, 2025
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EFCC, ECONOMY

EFCC raids Obasanjo’s hotel, arrests internet fraudsters at pool party

Operatives of the Economic and Financial Crimes Commission have reportedly stormed the Green Legacy Hotel, located within the premises of the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State, and...

July 19, 2025
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EFCC, CYBERCRIME

EFCC Arrests 23 in Abia ‘Yahoo Academy’ Bust

The Uyo Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has dismantled a cybercrime training facility in Umuahia, Abia State, arresting a total of 23 individuals suspected...

July 4, 2025
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EFCC, CYBERCRIME

Eight Chinese Nationals Convicted in Major Cyberterrorism and Internet Fraud Crackdown in Lagos

A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced eight Chinese nationals for their involvement in cyberterrorism and internet fraud. The Economic and Financial Crimes Commission...

June 18, 2025
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EFCC, fraud

EFCC Re-Arraigns Bauchi Accountant General Over Alleged N1.4bn Fraud

The Economic and Financial Crimes Commission (EFCC) has re-arraigned the Accountant General of Bauchi State, Sirajo Muhammad Jaja, and a bureau de change operator, Aliyu Abubakar, before the Federal...

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....