fraud

Louisa Olaniyi Business Network > Blog > fraud

September 12, 2025
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fraud, Lagos police command

Update On Arrest Of Self-Acclaimed “Obi Of Lagos” Along With Three Other Suspects

The Lagos State Police Command wishes to inform the public of updates on the ongoing investigation into the criminal activities of the principal suspect, Engr. Chibuike Azubike ‘m’, aged...

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...

July 25, 2025
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CRIME, customs, fraud, News

59-Year-Old Woman Arraigned for N34M Customs Impersonation Scam in Lagos

A 59-year-old woman, Rakiyat Musa, was on Thursday arraigned before the Igbosere Magistrate’s Court sitting at Tinubu, Lagos Island, for allegedly impersonating a Nigerian Customs officer and obtaining over...

Accountant Sentenced to 15 Years for Defrauding Oyo Job Applicants

July 18, 2025
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fraud, CRIME

US Re-Arrests Nigerian Convict Amid Escalating Federal Scam Investigations

A Nigerian, Abdulwaris Akinsanya, previously convicted in a federal romance scam case, has been re-arrested by the U.S. Immigration and Customs Enforcement over fresh allegations of fraud and forgery....

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...

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...

EFCC Arrests 23 in Abia ‘Yahoo Academy’ Bust

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....

Lagos State Police Refute Gbadebo Rhodes-Vivour's Claims of Political Collusion with APC

March 21, 2025
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CRIME, fraud

Bank Staff, Others Arrested Over Alleged N277.8 Million Fraud

Authorities have apprehended four suspects in connection with a case of conspiracy and theft involving the sum of £138,924 (equivalent to N277,848,000). The suspects include Shuaib Oluwatobiloba Olaleye (27),...

May 7, 2024
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fraud

EFCC grills six senior NSCDC officers over N6bn fraud

The Economic and Financial Crimes Commission has arrested six senior officers of the Nigeria Security and Civil Defence Corps over alleged N6bn fraud. The senior officers are currently being...

February 4, 2024
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fraud

EFCC RECOVERS N30BN FROM HUMANITARIAN MINISTRY’S LOOTED FUNDS

The Economic and Financial Crimes Commission has recovered over N30bn from the N37,170, 855,753.44 allegedly laundered in the Ministry of Humanitarian Affairs under the former minister, Sadiya Umar-Farouk. Sources...